One of Hungary’s mountains can hide as much gold as you can imagine
He can hide up to HUF 50,000 billion worth of precious metals in the Börzsöny Mountains in the northern part of Hungary. The combined value of the precious metals is so great that the entire current Hungarian national debt could be settled with it.
A little Hungarian gold history
They have been known in Hungary since ancient times gold deposits. later,the XIII. in the second half of the 20th century, Hungarian gold production may have accounted for five-sixths of European production, and historians believe that this may have been two-sixths of world production at the time.The then Kingdom of Hungary was therefore a leading gold mining country. The most significant gold mining areas were typically in the mountains around Körmöcbánya and Nagybánya and in the western half of the Carpathians. But silver production was also significant, as the country accounted for a quarter of the global production at the time.
Precious metal mining in the Highlands and Transylvania in the 19th century. by the end of the 20th century, it had reached an annual production of 2,000-3,000 kg of gold and 20,000-30,000 kg of silver. However, with the Trianon peace decree that ended the First World War, Hungary lost it bases of precious metal production.
In our country, precious metals were also extracted in significant quantities from rivers and streams. It is mainly for Hungary Gold comes from the mountains of the Alpswhich is mainly brought by the Danube, Mura, Dráva and Rába rivers.
It once provided bread for thousands of Hungarian families, but due to the river regulations of recent decades and the construction of dams (the gold master of Bő-Nagymaros) the amount of gold in the rivers has dwindled, so that the folk is now almost completely.
Börzsöny hides more gold than previously thought
According to a Swiss georadar research carried out last year involving seven satellites – as Origo wrote – instead of the 13,000 billion HUF of gold and silver estimated so far HUF 50,000 billion value precious metal is hidden in the belly of the mountain. The satellites scanned an area of 70 square kilometers of land. And this can potentially hold amazing economic opportunities.
In its compilation, the Ocenomus Economic Research Foundation publishes shocking numbers about Börzsöny gold, citing data from Hun-Bányászat Kutatási, Fejlsztési és Innovációs Kft. Roughly 1,000 tons of gold and silver can be found in the Stock Exchange in Hungary.
The combined value of the precious metals is so great that the entire current Hungarian national debt could be settled with it.
However, before any mining can begin, the state must issue a concession for which several large mining companies are already interested. The Hungarian Mining and Geological Service is investigating the conditions and circumstances of the concession mining license. The licences it is important to find out when making it so that the nature conservation unit is not endangered by the mining activity.
In any case, it is certain that the possibility of Börzsöny gold may be tempting in the future. It can take up to two to three years before the appropriate permits are issued.
Based on the estimate of Hun-Bányászat over the course of nearly a decade and a half, with an investment of barely one billion euros, a profit of nearly 40 billion euros could be achieved with the mining activity. Of course, it is too early to talk about whether there will be a gold or silver mine in Börzsöny, and it is definitely not a timely question whether production can start at such a site, which may be established in the future. The construction of the mining infrastructure is an extremely costly and time-consuming investment, and the extraction is usually incremental and can be run in several steps to a given, desirable and at the same time achievable level.
The featured image of the article is an illustration.