So-called Gold Glut vs Thorium mega find
You’d think gold would be collapsing by now, judging by the headlines. “Massive new discovery! Largest deposit ever! But gold’s still standing. Still grinding. Why?
Unfortunately, headlines don’t equal output. And discovered doesn’t mean delivered.
Most of these so-called mega-finds? They’ll rot in red tape and logistical hell before an ounce hits the market. And even the fastest mines need years. There is a huge gap between that these headlines never address
Here’s a look at the latest shiny distractions:
China’s Wangu goldfield (Hunan) – Around 1,000–1,100 tonnes, ultra high-grade stuff (∼138 g/ton).
(
https://www.popularmechanics.com/scienc ... iant-gold/?
China’s Liaoning Province – Another 1,000-tonne** estimate, this time hyped as easy to mine. Sure. On paper.
Finland’s Ukkolanvaara – A punchy hit on the Karelian belt: three zones averaging \~10 g/t.
https://nypost.com/2025/06/05/world-new ... n-finland/
Côte d’Ivoire’s Doropo Project – North of 100 tonnes, but production’s penciled in for 2028. That’s a long wait.
The usual suspects—Muruntau (Uzbekistan) and KSM (Canada)— they are paraded out in every
supply glut narrative, but they’re not new—just recycled fear bait.
So, yes, gold is being found, but it's not being sold. And until these deposits morph into functioning mines with stable output, the market doesn’t care.
One thing to remember is that real supply isn’t about buried treasure; it’s about extraction, processing, politics, profit margins, and time. And those variables are rarely fast, cheap, or friendly.
Meanwhile, regarding Thorium.
China’s sitting on 1 million tonnes of thorium. In theory, that’s 60,000 years of energy. In practice? It's a test run. They’re building molten salt reactors, sure—but it’s still lab coat territory. Its not fully scalabe yet.
Even if they perfect it, good luck convincing the rest of the world to ditch their uranium-heavy infrastructure overnight. We’re talking billions possibly trillions in sunk cost, decades of policy entrenchment, and a uranium supply chain already struggling to meet current demand.
Thorium's interesting. But it’s not ready to reign supreme. Uranium’s still the king—for now. worst case scenario they can both coexist
On a separate note, it shows just how fast China is advancing across the board. While everyone’s fixated on windmills, narratives, world domination, they’re quietly building an empire—one industrial sector at a time.
Case in point: shipbuilding.
In 2024, one Chinese shipyard** produced more commercial tonnage than the entire U.S. shipbuilding industry has since World War II. I did a double take on this- A single yard outpaced 80 years of U.S. output.
They’re not just winning—they’re lapping the field. This is what real industrial muscle looks like and its not being powered by wind mills. And it’s not just freighters—they can pivot those same yards toward military vessels whenever they feel like it.
https://www.foreignaffairs.com/united-s ... -gap-china
https://prospect.org/blogs-and-newslett ... pbuilding/
