Russia's Gold Find Reaffirms Bitcoin as the More Scarce Asset

[Cinno3]

News of the discovery of approximately 40 million troy ounces of gold in Russia’s Siberian region is likely to boost the profitability of the country’s biggest gold producer, while adding to the supply of the “scarce” resource. Reports say the Polyus owned the Sukhoi Log contains 540 million tonnes of ore, which translates to an average of 2.3 grams per ton. The reserves, which will account for a quarter of Russia’s gold stocks, are likely to generate $76 billion in revenues for Polyus when using current prices.
More: https://news.bitcoin.com/40-million-troy-ounces-russias-gold-find-reaffirms-bitcoin-as-the-more-scarce-asset/