According to preliminary studies cited by the president, El Salvador's gold reserves could be worth an astounding three trillion dollars - representing over 8,800% of the country's current GDP.
El Salvador's Congress has approved a law that would lift the country’s seven-year-old ban on mining for metals.
According to Bukele, the small Central American nation sits atop an estimated $3 trillion in unmined gold reserves—a potential jackpot that could radically transform El Salvador's financial future.
“It’s one thing to put a mine in the Atacama Desert ... he passed a law that made bitcoin legal tender, making El Salvador the first nation to do so. Gold erased gains as traders geared ...
In a series of posts on the social network X he claimed that El Salvador, a country of 6.6 million people, had "potentially" the largest gold deposits per square kilometer in the world.
El Salvador in Central America, which was named the world's first metal mining ban seven years ago and praised by conservationists, has decided to allow ...
El Salvador's Congress on Monday approved a bill promoted by President Nayib Bukele to roll back a ban on the mining of gold ...
El Salvador's gang-busting strongman President Nayib Bukele has set out on a new mission: to kickstart his country's sputtering economy by inviting back the mining companies that were barred seven ...
The county's unmined gold could be “wealth that could transform El Salvador,” he wrote on the social platform X. He has estimated the country's gold reserves are worth $3 trillion. At this ...
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