「超大」金礦，稀釋了傳統價值儲存手段的價值

迄今為止發現的最大金礦床震撼了貴金屬產業。畢竟，這是一個具有里程碑意義的發現。但這也挑戰了黃金作為最終價值儲存手段的地位。與此同時，比特幣——通常被稱為「數位黃金」——正在鞏固其作為世界上最硬資產的地位。

A massive gold deposit—the largest ever found—has shaken the precious metals industry. It's a monumental discovery that challenges gold's status as the ultimate store of value. At the same time, Bitcoin—often called “digital gold”—is strengthening its position as the world's hardest asset.

迄今為止發現的最大金礦床震撼了貴金屬產業。這是一個具有里程碑意義的發現，挑戰了黃金作為終極價值儲存手段的地位。與此同時，比特幣——通常被稱為「數位黃金」——正在鞏固其作為世界上最硬資產的地位。

So, what does it mean for Bitcoin and for gold? Well, let's find out!

那麼，這對比特幣和黃金意味著什麼？好吧，讓我們來看看吧！

“Supergiant” Gold Deposit, Diluting the Value

「超大」金礦，稀釋了價值

The discovery of the massive gold deposit was made last month in China's Hunan Province and was reported by the Chinese State Media.

中國國家媒體通報了上個月在中國湖南省發現的巨大金礦床。

Interestingly, China is already the world's largest gold producer, with its gold reserves estimated to be over 2,000 tons as of this year. The world's second-largest economy also accounted for around 10% of global output last year.

有趣的是，中國已經是全球最大的黃金生產國，今年黃金儲備估計超過2,000噸。去年，這個世界第二大經濟體的產出也佔全球產出的10%左右。

According to the report, geologists found several gold veins in the Wangu gold field. Found 2,000 meters (2 km) deep in the field, they contained a reserve of 300 tonnes of precious metal.  

報道稱，地質學家在萬古金礦田發現了數條金礦脈。在礦場深處 2,000 公尺（2 公里）處發現，其中含有 300 噸貴金屬儲量。

The exciting part is what was found even deeper. The gold reserves at the site are estimated to be massive 1,000 tonnes within a depth of 3,000 meters. 

令人興奮的部分是更深入的發現。該地點3000公尺深處的黃金儲量估計為1000噸。

“Many drilled rock cores showed visible gold.”

“許多鑽探的岩芯顯示出可見的黃金。”

– Chen Rulin, an expert at the Geological Bureau of Hunan Province

——湖南省地質局專家 陳儒林

He further shared that a tonne of ore in this range contained as much as 138 grams of gold.

他進一步表示，該範圍內的一噸礦石含有多達 138 克黃金。

The value of the newly discovered deposit is 600 billion yuan or approximately $83 billion. So, it makes sense to be concerned.  If the new discovery ultimately proves to be true, which early examinations point to be potentially in billions of ounces, that would make it the largest gold deposit on Earth.

新發現的礦床價值為6000億元人民幣，約830億美元。因此，擔心是有道理的。如果這項新發現最終被證明是正確的（早期檢查表明其儲量可能達數十億盎司），這將使其成為地球上最大的金礦床。

The thing is, not all gold deposits can be categorized as supergiant. For one to be titled as such, the natural gold collection has to be formed under special conditions, which leads to concentrations that surpass those in typical mines.

問題是，並非所有金礦都可以歸類為特大型金礦。要獲得這樣的稱號，天然黃金收藏必須在特殊條件下形成，這導致其濃度超過了典型礦山的濃度。

As such, the new gold deposits can have a significant impact on not only local economies but also global markets due to gold's crucial role as a stable asset and a hedge against financial uncertainty.

因此，由於黃金作為穩定資產和對沖金融不確定性的關鍵作用，新的黃金礦床不僅可以對當地經濟而且可以對全球市場產生重大影響。

Notably, this isn't even the first time such large deposits have been found. Time and again, we have come across discoveries that have unveiled new gold. 

值得注意的是，這並不是第一次發現如此大規模的礦床。我們一次又一次地發現了新的黃金。

In s2022, exploration surveys showed that Uganda had gold ore deposits of about 31 million tonnes, with a value of an eye-boggling $13 trillion. A Chinese gold mining company, Wagagai, has been granted the license to produce part of these gold deposits. In 2023, the country's gold exports also surged over 10 times from the previous year to $2.3 billion.

2022年勘探調查顯示，烏幹達金礦儲量約3,100萬噸，價值高達13兆美元。中國金礦公司 Wagagai 已獲得生產部分金礦的許可。 2023年，該國的黃金出口也比去年暴增10多倍，達23億美元。

Gold is not only being uncovered in countries, but it has also been found in asteroids. The reports first came in 2019 of asteroid 16 Psyche containing as much as $700 quintillion worth of gold. For context, 1 quintillion has 18 zeros; yeah, you read it right.

黃金不僅在各國被發現，在小行星中也被發現。該報告於 2019 年首次發布，稱小行星 16 Psyche 含有價值 700 億美元的黃金。就上下文而言，1 500 億有 18 個零；是的，你沒看錯。

So, what does it mean for gold? Well, simple economics says that if supply increases while demand remains constant, it leads to a drop in prices. That means gold isn't really the hard asset as we have known it to be all this time.

那麼，這對黃金意味著什麼？簡單的經濟學說，如果供給增加而需求不變，就會導致物價下跌。這意味著黃金並不是我們一直以來所知道的那樣真正的硬資產。

Is Gold's Status in Danger?

黃金的地位是否處於危險之中？

First, let's get into some introductory economics, which is the fundamental principles of economics — the law of demand and supply.

首先，我們來了解一些經濟學入門知識，這是經濟學的基本原理──需求和供給定律。

So, there is an inverse relationship between demand and price while a direct relationship between supply and price. 

因此，需求與價格之間存在著反比關係，而供給與價格之間存在正相關關係。

What this means is when the demand increases without a change in supply, the price of an asset increases as more people want to buy it, but there's only a particular amount of it available in the market.

這意味著，當需求增加而供應沒有變化時，資產的價格會隨著越來越多的人想要購買而上漲，但市場上只有特定數量的可用資產。

Now, if the reverse happens, i.e., the supply increases, which means there is now more of a particular asset in the market while demand is the same, then it negatively affects the prices.

現在，如果發生相反的情況，即供應增加，這意味著市場上現在有更多的特定資產，而需求相同，那麼就會對價格產生負面影響。

When demand matches supply, the price is in equilibrium, which is acceptable to both buyers and sellers. What about when both the demand and supply increases? Well, then, the equilibrium price remains the same. 

當需求與供給相符時，價格處於均衡狀態，買家和賣家都可以接受。當需求和供給都增加時怎麼辦？那麼，均衡價格維持不變。

Now that you know the economics behind the demand and supply, you can understand why there's always so much discussion surrounding these new gold deposit discoveries. 

既然您了解了需求和供應背後的經濟學，您就可以理解為什麼總是圍繞著這些新金礦發現進行如此多的討論。

We all have known gold to be a finite resource, which means there's only a certain amount of it on our planet, and even that is harder to find. Data suggests that so far, about 212,582 tonnes of gold has been mined throughout history. Interestingly, only two-thirds of it has been mined in the last about 74 years.

我們都知道黃金是一種有限的資源，這意味著我們的星球上只有一定數量的黃金，甚至更難找到。數據顯示，迄今為止，歷史上已開採出約 212,582 噸黃金。有趣的是，在過去約 74 年裡，只開採了三分之二。

However, as

然而，作為