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12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA

 
Anonymous Coward
User ID: 83277861
United States
07/04/2022 12:52 AM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
Soooo...

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.
Anonymous Coward
User ID: 81017388
United States
07/04/2022 01:08 AM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
So many retards in here. Gold is worthless.
Massimo
User ID: 79414895
United States
07/04/2022 01:16 AM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
All those blacks are gonna be richer than all of you LOL
 Quoting: Anonymous Coward 83777703


That's what wars are for

Uganda just became the new Syria
Anonymous Coward
User ID: 83781739
Belgium
07/04/2022 02:14 AM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
Looks like Uganda needs some "freedom"
Anonymous Coward
User ID: 83781739
Belgium
07/04/2022 02:25 AM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
So many retards in here. Gold is worthless.
 Quoting: Anonymous Coward 81017388


you are worthless
Anonymous Coward
User ID: 83793530
United States
07/04/2022 02:41 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


They have WMD...monkey pox
CK Dexter Haven

User ID: 82162137
Singapore
07/04/2022 03:08 AM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
Vely Intelesting

soros
Anonymous Coward
User ID: 76682145
Sweden
07/04/2022 03:19 AM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
63 % of GLP-ers only read the thread title. They also believe it is telling the truth.
Anonymous Coward
User ID: 83052787
Sweden
07/04/2022 03:27 AM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
bump
Anonymous Coward
User ID: 76123437
United Kingdom
07/04/2022 03:31 AM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
Media mostly negative to gold
Anonymous Coward
User ID: 83752823
Belgium
07/04/2022 03:38 AM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
Whoever pinned this is retarded
Anonymous Coward
User ID: 79633809
Poland
07/04/2022 03:42 AM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
 Quoting: Anonymous Coward 82375825


bsflagbsflagbsflag
Anonymouse71

User ID: 31405656
United Kingdom
07/04/2022 03:42 AM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
you mean america's gold?.
Anonymouse
Anonymous Coward
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07/04/2022 03:44 AM
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Re: 12 TRILLION $$$ 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


it is 31 milliom tons not 12... lol tards
 Quoting: Anonymous Coward 78063823


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)]


...
 Quoting: Anonymous Coward 83646606


It’s prob some scam to bring down the price of gold.
Anonymous Coward
User ID: 18216134
Canada
07/04/2022 05:35 AM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
If this was true we would have troops on the ground in minutes to free the Uganda people from an oppressive government.
JustmeTX

User ID: 80193276
United States
07/04/2022 08:49 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).
 Quoting: Anonymous Coward 81390733


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
Anonymous Coward
User ID: 81420645
Germany
07/04/2022 07:01 PM
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Re: 12 TRILLION $$$ WORTH OF GOLD FOUND IN UGANDA
This is nothing more than a PsyOp so you won't buy more gold.

Thinkaboutit.
 Quoting: Anonymous Coward 80370078


hesright





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