💰 Where do trillions lie underground? Untapped gold 🏆
According to the U.S. Geological Survey, the largest untapped gold reserves are concentrated in just a few countries — their total value exceeds $7 trillion 💸
📊 Top-10 by underground gold reserves:
🥇 🇷🇺 Russia — 12,000 tons (~ $1.7 trillion)
🥈 🇦🇺 Australia — 12,000 tons
🥉 🇿🇦 South Africa — 5,000 tons
4️⃣ 🇮🇩 Indonesia — 3,800 tons
5️⃣ 🇨🇦 Canada — 3,200 tons
6️⃣ 🇨🇳 China — 3,100 tons
7️⃣ 🇺🇸 USA — 3,000 tons
8️⃣ 🇵🇪 Peru — 2,500 tons
9️⃣ 🇧🇷 Brazil — 2,400 tons
🔟 🇰🇿 Kazakhstan — 2,300 tons
💬 Why this is important:
🪙 Many of these deposits were previously economically unviable.
⚡ But with gold prices above $4,000 per ounce, mining becomes profitable even in places where it was not previously extracted.
🌏 🇷🇺 and 🇦🇺, controlling nearly 40% of the world's underground reserves, may become leaders of a new gold cycle.