Doubt whether this will have any impact on the gold price in the near future. It's one thing to find a deposit but quite another to get that deposit to the surface. From the information provided in the article it seems like this will not be an easy task and it is sure going to be expensive. So in the end it will depend on whether the gold can be 'mined' on a cost effective basis with present technology.
If not then it will most probably stay just where it is until technology has advanced to such a point where it can be done cost effectively. Only then might you see an impact on the gold price but this will depend with how much the world gold supply is increased with due to that deposit.
If not then it will most probably stay just where it is until technology has advanced to such a point where it can be done cost effectively. Only then might you see an impact on the gold price but this will depend with how much the world gold supply is increased with due to that deposit.
yes, paper gold price is slipping down any way
http://www.zerohedge.com/news/2015-11-12/gold-spikes-2015-lows-gold-coin-sales-surge-highest-financial-crisis
good for bitcoin