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12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA

 
YEA Eoreris

User ID: 72201589
United States
07/03/2022 07:43 PM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
Until they found a way of manufacturing it--- Twilight zone- The Rip Van Winkle caper.
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The Old Timer

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07/03/2022 07:44 PM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
I'm calling 12 Trillion BULLSHIT!!!


PBDRINK
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What doesn't kill us...makes us more interesting

Either you live for something worth dying for....or you rot away and die on the installment plan quote: Mr Bill

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Sallywinder

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Australia
07/03/2022 07:57 PM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
BRICS Are going to a gold backed currency... so ironic they just found more gold to help cover it..


.
Anonymous Coward
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Costa Rica
07/03/2022 07:59 PM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
Nothing will happen.
mji71

User ID: 83675067
United States
07/03/2022 07:59 PM

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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
Lots of Chinese mobsters in that photo.

This surely will not end well...
Anonymous Coward
User ID: 68393156
Canada
07/03/2022 07:59 PM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
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)]
 Quoting: JustmeTX



There are a bunch of articles, mostly shitcoin-pushing sources, who have used the quote from the president of Uganda in his june 7th speech where he indeed made this (insanely ridiculous) claim.

Then a bunch of people who have no understanding of mining, geology, etc. go and parrot his insanely ridiculous claim.


Check this out..

[link to www.monitor.co.ug (secure)]
Anonymous Coward
User ID: 80365094
United States
07/03/2022 08:02 PM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
Obama is going to say he was born there....3, 2, 1,....
CavScout

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United States
07/03/2022 08:18 PM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
All of a sudden western countries are interested in "democratizing" Nigeria
CavScout
Anonymous Coward
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United States
07/03/2022 08:41 PM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
Nice try! Seen this a couple of days ago, trying to
spook gold holders, remember the Mountain made of gold last year in Africa, MSM even reported on it, pathetic freaks!
A Concerned Denizen

User ID: 79546140
United States
07/03/2022 08:42 PM

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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
Gold teeth for every man and gold chains and collars for every woman.
Blab gobble doodle blurb! You disgusting Cretin!
~
Shit Puppet BrandAn is Nawt Mah Presdint -F J B
Death to Ayatollah Ali Khamenei - Death to Iran
Death to Kim Jong-un - Death to Democratic People's Republic of Best Korea
Death to Xi Jinping - Death to People's Republic of China
A Concerned Denizen

User ID: 79546140
United States
07/03/2022 08:43 PM

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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
Annunaki ship inbound for gold collection.
Blab gobble doodle blurb! You disgusting Cretin!
~
Shit Puppet BrandAn is Nawt Mah Presdint -F J B
Death to Ayatollah Ali Khamenei - Death to Iran
Death to Kim Jong-un - Death to Democratic People's Republic of Best Korea
Death to Xi Jinping - Death to People's Republic of China
Anonymous Coward
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07/03/2022 08:44 PM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
Hey, I got a Nigerian on the phone, and he wants me to invest in a Ugandan gold mine? Wants my banking information.
Anonymous Coward
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07/03/2022 08:47 PM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
 Quoting: Anonymous Coward 82375825


Uganda needs some freedom boys.
Anonymous Coward
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United States
07/03/2022 08:54 PM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
I'm getting my 10%. When do we invade?
LEGION, FOR THERE ARE MANY
User ID: 65287165
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07/03/2022 09:04 PM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
I'm getting my 10%. When do we invade?
 Quoting: Anonymous Coward 82022654


Another Boer War!


LEGION
Massimo
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07/03/2022 09:20 PM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
Liberation Time
Anonymous Coward
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United States
07/03/2022 09:26 PM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
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


12 trillion Uganda currency
sunwatcher

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Brazil
07/03/2022 10:12 PM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
how covenient this, when brics think to go away from oil backed currencies
I'm becoming an expert in identifying bikes'n'boats thanks to GLP
Anonymous Coward
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United States
07/03/2022 10:12 PM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
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
 Quoting: Anonymous Coward 77998499


Trying to get fools to sell gold is all this is. Even if true, fiat currencies are the last thing you would want to exchange gold (or silver) for.
George Kaplan

User ID: 60111820
United States
07/03/2022 10:17 PM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
That sounds like something China would be interested in especially since there making colonies around the globe and I'm sure they're going to make a claim for it











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Media LIES,TRUTH DEAD,Voting RIGGED, Vaxes=DEATH,Free Speech DEAD!,Still NOT VAXED ,TRUMP WON!
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George Kaplan
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Agent 99

User ID: 77082640
United States
07/03/2022 10:52 PM

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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
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)]
 Quoting: JustmeTX



There are a bunch of articles, mostly shitcoin-pushing sources, who have used the quote from the president of Uganda in his june 7th speech where he indeed made this (insanely ridiculous) claim.

Then a bunch of people who have no understanding of mining, geology, etc. go and parrot his insanely ridiculous claim.


Check this out..

[link to www.monitor.co.ug (secure)]
 Quoting: Anonymous Coward 68393156


Fool's Gold.

Fool me once kind of thing.
Anonymous Coward
User ID: 68393156
Canada
07/03/2022 11:02 PM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
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)]
 Quoting: JustmeTX



There are a bunch of articles, mostly shitcoin-pushing sources, who have used the quote from the president of Uganda in his june 7th speech where he indeed made this (insanely ridiculous) claim.

Then a bunch of people who have no understanding of mining, geology, etc. go and parrot his insanely ridiculous claim.


Check this out..

[link to www.monitor.co.ug (secure)]
 Quoting: Anonymous Coward 68393156


Fool's Gold.

Fool me once kind of thing.
 Quoting: Agent 99



Jep. I agree with the author that he either mistakenly said tons when it was ounces, or he's just blowing smoke to gather hype and investment to develop his country's resources.

Either way, the original statement doesn't hold water if you understand geology of gold deposits on earth, and mining of them..
Anonymous Coward
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United States
07/03/2022 11:03 PM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
China will own it all along with Afghanistan’s lithium and other rare industrial metals. Damn the US is stupid, we could if controlled that, we gave up lives and could of been a stabilizing force there. China will not be.
Anonymous Coward
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United States
07/03/2022 11:09 PM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
 Quoting: Anonymous Coward 82375825


USA declaring that a large part of Uganda is filled with terrorists and invading Uganda in 3...2...1...
 Quoting: Anonymous Coward 79470017




More like Russia declaring Uganda needs to be denazified in 3...2...1
Anonymous Coward
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Brazil
07/03/2022 11:16 PM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
Learn to read imbecile, the news says that there are 12.5 tons of mineable... this is over the life of the mine which can take decades.
Uganda will remain poor and some investors will get a little richer...


bsflagbsmeter2bsflag
Anonymous Coward
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Denmark
07/03/2022 11:26 PM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
bsflag

you cant add up
Anonymous Coward
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United States
07/04/2022 12:26 AM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
Actually, it's only 729 Million dollars. The deposit only has 12.5 tonnes of gold and the going rate is currently at 1814.27$/troy oz.

Sadly this is unlikely to benefit any of the general populous and only enrich the elite of Uganda.
Anonymous Coward
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United States
07/04/2022 12:30 AM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
All those blacks are gonna be richer than all of you LOL
Anonymous Coward
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Thailand
07/04/2022 12:42 AM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
 Quoting: Anonymous Coward 82375825


USA declaring that a large part of Uganda is filled with terrorists and invading Uganda in 3...2...1...
 Quoting: Anonymous Coward 79470017


Things are beginning to make sense now.
My daughter attends a British international (we are expats living in Thailand). A few weeks ago she came home and told me they are learning about Uganda and how terrible child and female sex trafficking is there.....and the govt are in on it!
They were asked to do some fundraising and discuss awareness campaign ideas etc.
It smelled like bullshit to me. Why Uganda? I told my daughter (she is 13) to follow the money. Who benefits from having British kids perpetuating these stories. How do we know they are true? Trafficking happens all around the world so why are they shining a light on Uganda? A place most of us couldn't point out on a map?

I guess we should go in an save all those trafficked kids and women. It's a humanitarian crisis donchynaknow!
Anonymous Coward
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United States
07/04/2022 12:50 AM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
The tweet, from the official Uganda site, says "the largest refinable quantified deposit so far in Uganda, at 12.5 tons".

That is barely a blip. The guy who says 12.5 trillion dollars, lilely misread or whoever was translating made a major misquote/error (happens all the time).





GLP