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'Supergiant' gold deposit found in China, among world's largest, worth over $80B (www.livescience.com)
2 points by bookofjoe 3 hours ago | hide | past | web | 2 comments | favorite





Gold is actually priceless.

> The vast reserve, which could be the largest single reservoir of the valuable metal left anywhere on Earth, is worth billions of dollars and caused the global price of gold to skyrocket to near-record highs.

So... Sudden Supply Increase ==>> Sudden Price Increase, for a fungible global commodity?

Might there be an Economist available, to explain the the rationale? (Or just to assure us that gold ain't rational?)




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