A gold rush is erupting beneath the sands of Saudi Arabia, and it’s unlike anything the world has seen in over a century.
In a stunning turn of events, the Kingdom has revealed the discovery of $240 billion worth of gold hidden just beneath the surface of its vast desert landscape — a find so massive, it could buy every NFL and NBA team combined.
But this is more than buried treasure. This is a geopolitical power move.
The discovery, which expands on initial 2023 finds, comes from a 125-kilometer-long gold belt where Saudi mining company Ma’aden is striking gold just 20 meters beneath the earth — practically in arm’s reach.
One drilling site unearthed a 61-meter stretch of ultra-rich gold ore, in a location that had never been explored before.
Experts say the gold is twice as concentrated as what’s considered profitable. In mining terms, it’s like pulling out $20 bills where everyone else finds tens — and there are millions of them.
With gold prices now soaring above $2,686 per ounce, the timing is golden.
Saudi Arabia is moving fast. Already, over $20 billion in mining infrastructure is under construction, part of a jaw-dropping $100 billion investment in what the government calls a “non-oil revolution.” Vision 2030 — the Kingdom’s strategy to diversify beyond oil — now has a shiny new weapon: gold.
But the real shock? Gold is just the beginning.
Beneath Saudi soil lies an estimated $2.5 trillion in untapped mineral wealth, including copper, zinc, phosphate, and rare earth metals. In response, the government has opened 50,000 square kilometers of land — an area larger than Switzerland — for exploration. Mining licenses have surged by 138%, and foreign interest is spiking.
This could shake up global markets, disrupt the balance of power in mining, and transform the Middle East into the center of a new global gold rush.
As one top Saudi official put it:
“We’re not just striking gold — we’re building the future.”
From black gold to literal gold, Saudi Arabia is rewriting its destiny — and the world’s.