haiti gold: ShortFormBlog

09:51 • 1 year ago

Could Haiti’s humanitarian crisis be solved with gold?

problem Haiti, which has long struggled with a far-reaching inability to support itself after a major earthquake, has millions of residents who live on as little as $1.25 per day. Its government has a budget of just $1 billion per year — for the entire country.
solution One of the side effects of being in an earthquake zone? Lots of precious minerals in the ground. (See California, Chile.) Recently, they found a ton of gold in Haiti and the neighboring Dominican Republic. How much? Potentially $20 billion. Wow. source