12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA | |
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Anonymous Coward User ID: 77998499 United States 07/03/2022 06:54 PM Report Abusive Post Report Copyright Violation | Uganda gold estimates: 320,158 metric tonnes of refined gold in the country after several surveys were conducted. vs. total gold mined in all of human history [link to www.gold.org (secure)] 205,238 tonnes of gold Uganda gold exceeds all gold mined in human history (320,158 - 205,238) / 205,238 x 100 = 55% Uganda gold is 155% greater than all gold mined thus far thus the price of gold will go way the hell down |
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RegalBeast
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Anonymous Coward User ID: 78117411 United States 07/03/2022 07:00 PM Report Abusive Post Report Copyright Violation | All value is tied to scarcity, or difficulty in bringing to market, or desirability. If they discovered a mountain-range made of gold, the price of gold would drop through the floor. They'd mint pennies out of it. Besides being scarce, it is beautiful, and gold has other properties that make it desirable. I'd pay tree fiddy an ounce for it...all day long. ($350/oz) |
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IChoose
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Anonymous Coward User ID: 83790618 United States 07/03/2022 07:02 PM Report Abusive Post Report Copyright Violation | All value is tied to scarcity, or difficulty in bringing to market, or desirability. If they discovered a mountain-range made of gold, the price of gold would drop through the floor. They'd mint pennies out of it. Besides being scarce, it is beautiful, and gold has other properties that make it desirable. I'd pay tree fiddy an ounce for it...all day long. ($350/oz) It is CRITICAL is micro-circuitry. No gold, no chips. Watch for invading slopes, ngogs. |
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VegasRick
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Anonymous Coward User ID: 68393156 Canada 07/03/2022 07:11 PM Report Abusive Post Report Copyright Violation | 12.5 tons equals 400,000 ounces even at $2,000 an oz (it's under $1,900 right now) that comes to $800 million, not even a billion dollars. Even if gold hit $50,000 an oz that would still only be $20 billion. Nowhere close to $12 trillion. God would have to be worth $30 million an ounce to hit that amount. Quoting: Anonymous Coward 79204481 Exactly. There are some very dumb motherfuckers around here. There is roughly 12.5 tons of gold in the deposit. Period. |
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Anonymous Coward User ID: 68393156 Canada 07/03/2022 07:18 PM Report Abusive Post Report Copyright Violation | Uganda gold estimates: Quoting: Anonymous Coward 77998499 320,158 metric tonnes of vs. total gold mined in all of human history [link to www.gold.org (secure)] 205,238 tonnes of gold (320,158 - 205,238) / 205,238 x 100 = 55% Uganda gold is 155% greater than all gold mined thus far thus the price of gold will go way the hell down Wrong. I fixed that crap for you. Depending on the grade of the ore, it takes a fuckload of gold ore to extract even 1 ton of pure gold, because the gold ore is not pure gold. Obviously.. |
Anonymous Coward User ID: 80733978 United States 07/03/2022 07:20 PM Report Abusive Post Report Copyright Violation | 12.5 tons equals 400,000 ounces even at $2,000 an oz (it's under $1,900 right now) that comes to $800 million, not even a billion dollars. Even if gold hit $50,000 an oz that would still only be $20 billion. Nowhere close to $12 trillion. God would have to be worth $30 million an ounce to hit that amount. Quoting: Anonymous Coward 79204481 the shills are practicing their lying , how far up you are in the global idiot power structure depends on you proving how good a liar you are |
Anonymous Coward User ID: 75216955 United States 07/03/2022 07:23 PM Report Abusive Post Report Copyright Violation | This is nothing more than a PsyOp so you won't buy more gold. Quoting: Anonymous Coward 80370078 Thinkaboutit. Bahawahaha why would that stop anybody from buying more gold ? What a retarded reply…everything is fake in this world to some people except some off the wall videos with strange music and some squeaky robot voice spelling out various dooms day scenarios…those you take hook line and sinker |
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texasdeerslayer
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JustmeTX
User ID: 80193276 United States 07/03/2022 07:37 PM Report Abusive Post Report Copyright Violation | This article says they found 31 million Tonnes of gold ore. "Muyita said an estimated 320,158 tonnes of refined gold could be extracted from the 31 million tonnes of ore." So 320,000 X 2200 X 16 = ounces of pure gold = 11.264 billion ounces. At $1000 an ounce that should be 11 Trillion dollars worth. [link to www.nasdaq.com (secure)] Last Edited by JustmeTX on 07/03/2022 07:38 PM Justme |
Agent 99
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