Saudi Arabia has announced the discovery of over 11 million tonnes of precious metals, including gold, silver, copper, and zinc, in its western region. This significant find, located in the Jabal Sayid and Umm Ad Damar areas, aligns with the Kingdom's Vision 2030 initiative to diversify its economy beyond oil. Officials anticipate that the discovery could attract billions in foreign investment.
The report highlights a comparison between the newly discovered metals' unlimited supply and Bitcoin's fixed supply cap of 21 million coins. This contrast underscores Bitcoin's scarcity, positioning it as a unique asset in the current economic landscape.
Saudi Arabia Unveils 11M Tonnes of Precious Metals Discovery
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