12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA | |
Anonymous Coward User ID: 83277861 United States 07/04/2022 12:52 AM Report Abusive Post Report Copyright Violation | The bankers got together with the Ugandan government to 'Register' some gold, in order to manipulate the prices down even lower? Just pretend to mine it, so it looks legit. Kinda like 'Money Laundering' for hard assets? Prices go Up as your 'inflation hedge' crashes because of all that 'gold they found' in some shithole. What incredible timing. |
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Anonymous Coward User ID: 82545254 United States 07/04/2022 03:44 AM 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 it is 31 milliom tons not 12... lol tards Apparently a search is needed: [link to www.mining.com (secure)] A spokesperson from the Ministry of Energy and Mineral Development in Uganda, Solomon Muyita, said that there was an estimated 320,158 metric tonnes of refined gold in the country after several surveys were conducted. 11,293,241,110 ounces @1800 oz $20,327,833,998,000 Seems wildly optimistic but I'm no expert... If so, gold should go much cheaper as the world total in refined gold is stated as 205,238 tonnes for all time: [link to www.gold.org (secure)] or this number for all countries - 31,695 tons from: [link to worldpopulationreview.com (secure)] ... It’s prob some scam to bring down the price of gold. |
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JustmeTX
User ID: 80193276 United States 07/04/2022 08:49 AM Report Abusive Post Report Copyright Violation | The tweet, from the official Uganda site, says "the largest refinable quantified deposit so far in Uganda, at 12.5 tons". Quoting: Anonymous Coward 81390733 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). Wow! That is one hell of a mistranslation! But I agree it is common. I have dealt with many countries in my career and the translators mostly had passable verbal skills, but horrid math skills. Because anytime a number was encountered, they would read it incorrectly. Even when the number was written with digits and decimal points. And to further compound the problem, although not relevant to this example, is India's absolutely insane way of writing numbers. I still don't understand it. But there are 2 digits then a comma, there are these things called Lakhs and Crores. Someone needs to go through their libraries, schools, etc and burn every reference to this utter stupidity. I am not a proponent of book burning, but in this case I make an exception! Burn that shit until it is gone. :) They have other special names for larger numbers. [link to i.pinimg.com (secure)] Just completly crazy TenCrores Arab TenArabs Kharab TenKharabs Neel TenNeel Padma TenPadma Shankh TenShankh MahaShankh It even breaks its own rule with the "MahaShankh". It should just be another stupid name, but no, Maha Shank. And of course we all know that there are no numbers larger than this, so they stop with the numbering. They should burn all references to this shit. Last Edited by JustmeTX on 07/04/2022 09:01 AM Justme |
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