Massive gold treasure discovered in Turkey that is bigger than GDPs of many countries
The value of this gold discovery is said to be 6 billion dollar or Rs 44,000 crore, much more than GDPs of many countries.
Turkey has discovered a massive gold treasure. Total weight of this gold treasure is said to be 99 tonnes. The news was confirmed by a Turkish news agency Anadolu. News of accidental gold treasure discovery often hits headlines, but this one is in a league of its own. Reason being that the value of this gold treasure is pegged at more than the GDPs of many countries. The value of this gold discovery is said to be 6 billion dollar or Rs 44,000 crore.
These countries have less GDP than Turkish gold treasure:
See Zee Business Live TV Streaming Below:
As per Worldometer, GDP of Maldives is 4.87 billion dollars, Liberia is 3.29 billion dollars, Bhutan is 2.53 billion dollars, Burundi is 3.17 billion dollar, Lesotho 2.58 billion dollars. These economies are much lesser in size than the treasure found in Turkey. Similarly, Mauritania, Montenegro, Barbados, Guyana and economies of many others are also smaller than the gold treasure found in Turkey.
Where was this gold treasure found?
This treasure was discovered in Central west area of Sogut. The information was shared by Fahrettin Poyraz, who is chief of the Agricultural Credit Cooperatives of Turkey Gubretas Fertiliser Production firm. Poyraz told Turkish news agency that the value of the gold treasure would be around 6 billion dollars.
In September, Fatih Donmez, new minister of energy and natural Resources of Turkey, had said the country has broken a big record with the production of 38 tonnes gold. He had said his target for the next five years is to increase annual gold production to 100 tonnes.
Gold to be mined in two years
Poyraz said that this gold will be mined in the next two years and it will help the Turkish economy a great deal. He said Gubretas Fertiliser Producer has won this site with another company in 2019 after a court order. Gubretas share price also jumped by 10 per cent on the news of the gold treasure discovery.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Rs 5,000 SIP for 40 years vs Rs 50,000 SIP for 20 years: Which can create higher corpus? See calculations to know it
PPF For Regular Income: How you can get Rs 78,000 a month tax-free income through Public Provident Fund investment?
Top 7 Multi Cap Mutual Funds With Highest SIP Return in 1 Year: Rs 27,777 monthly SIP investment in No. 1 scheme has converted into Rs 3,91,609; what about others?
11:07 PM IST