/biz/ - Business & Finance

The Chinese about to be $12.8 trillion richer

>>50178581
Why the fuck can't they mine it themselves jesus christ what a waste of money

>>50178552
>COMMING
Esl

>>50178637
Most African nations were sold to the Chinese over the past 20 years.

lol. kek. this is hilarious AMERICA will never recover from this supply shock.

Chang will redeem and leave Mubatoo holding the bag

prove it

>>50178552
America cucks, where did we go wrong?
I live in a big city and it's absolutely infested with Chinese people to the point where I heard Chinese more than English while walking around (they are very rude and talk loudly which makes it even worse).

>>50178803
10 years later china gets blacked because muh racism muh colonialism muh guilt.

>>50178552
it's embarrassing that they need chinks to get it out of the ground for them but doesn't matter who gets it out of the ground, it's going to tank the price of gold hahahaha

>>50178848
Immigration act basically. Creates short term economic growth at the expense of long term geopolitics.

>>50178848
imagine complaining about an influx of chinese qt wives

>>50178581
not if gold rugs

>>50178637
Because the whole thing is a smokescreen to attract foreign investment. A huge amount of “Ugandan” gold actually comes from neighboring countries and get laundered through Uganda. They have yet to provide proof of the 31 million tons they are claiming.

>>50178871
The vast majority of them are moonfaces, it's gross. But maybe all the qt ones are wearing the mask which like 80% of them still wear outdoors.

>>50178552

why do retards keep saying its 31 million tons of gold? Its gold ore, at the average of 10 grams per ton of ore that's 10 million ounces. At current prices that's 17.5 billion dollars roughly. A big chunk for sure, but not 12 trillion dollars big. You people are retards.

>>50178871
Chinese women look gross

>>50178911
lol yeah
most asian women are gross looking, with very flat round faces and acne

>>50178552
lol i used to live in Tororo (20 min north from here). damn i should've been digging The Hole.

i think this news is BS to be honest
let the niggers prove it first

>>50178943
Yeah I like the attractive ones like every other guy, but most of the young ones are just ugly, whereas most of the young white women in my area are cute.
The only cool thing about Asians is that they don't get fat most of the time.

>>50178552
It didn't find shit, if it's still in the ground they don't really know what's there. Just a FUD

>>50178859
Considering China has actual concentration camps, I would doubt it.

>>50178859
>>50179144
This implies that Chinese people are capable of empathy

>>50178899
uganda make me laugh mon
>>50178637
see pic related. still up on youtube last time i checked.

>>50178988
MILK

>>50179144
>>50179251
60 years ago it was practically unthinkable for European women to sleep with nigs voluntarily. I mean there was always some degree of mixing among small groups, but it was seen as socially decadent for the masses. Today white women of all classes from poor to ultra wealthy wear their nigger lover badge with pride. The point here? Don't associate with that shitty archaic homo erectus continent or you will be doomed.

>>50179799
>seen as socially decadent
>society is literally decaying fast atm
Your point? This means it would take China to become the most powerful nation in the world, to then progressively decay to have this happen to them. Seems like something that might not happen or if it does, by then, we won't be alive, neither will our grandchildren.

>>50178637
Arabs don't even drill their own oil and you expect Ugandans to mine gold?

>>50178848
>America cucks, where did we go wrong?
Started with Wilson sucking up to and laying the groundwork for Judeo-European world financial domination, exploiting Asia in the process. Continued with FDR creating an Anglo-Soviet duopoly which spread communism and neoimperialism through the world. The cracks started to show with LBJ's Great Society which promoted boomer sloth and black criminality to untold proportions, breaking apart our domestic manufacturing. Next was Nixon who allowed the Chicoms to revive relations with us, creating massive human arbitrage in a nation of a billion with above-average IQ. Trade deficits with Japan and China gradually grew, and by the time Clinton gave China full-WTO membership, it was a done deal. Everything since then has been America on fumes.

>>50178552
i really hope they do fuck goldbugs

>>50178552
Uganda do be lookin like they need sum of dat "liberation" frfr

>>50178637
How are they going to get it out of Uganda? The only safe roads in the area is controlled by China and build by China. It is the only way to transport it out of the country unless they want to export it with airplanes

>>50178848
In the oil crisis of the 70s we needed a way to keep america going. Cheap chinese labor was the only way, in the 70s we were on the brink of communist rebellion (black panthers, etc) we needed a way to juice capitalism so we got china to open up.

>>50180605
inb4 offloading debt, we also did that but there's only so many times we can do that to our colonies before they shit themselves (Japan, south korea)

>>50180030
>domestic manufacturing went away because gibs made us lazy
lol lemme guess america also spontaneously became lazy right as NAFTA coincidentally passed

>>50178921
Most gold ore is 1 gram per ton. 10 grams per ton would make it the largest deposit by grade ever discovered.
But yeah, most people are so stupid and ignorant about the dynamics of gold mining they'll flip their shit and hand over their life savings to the first email scammer telling them they can get them in on the ground floor of this opportunity.

>>50178552
Insulting asinine headline

There's no way that the total current supply of gold was suddenly doubled through one exploration job.

BRB market cap of the most stable commodity doubled in a day, no big deal.

>>50178637
The development of the third world is a myth, Anon. It's just Europeans/Westerners and Asians building infrastructures there and creating wealth by exploiting their natural resources or bringing their factories.

I get the feeling that they're trying to finesse chinese investors, that sounds like an unrealistically high amount of gold

>>50178552
Uganda be kidding me

>>50180660
It's not just "gibs", it's gibs that exclusively go to the boomer/silent generations to the exclusion of younger generations, forcing the younger gens out of manufacturing work and into service work.

>>50178552
Africans can't count.

>>50178859
Bugmen don't experience guilt. They commit vehicular homicide rather than risk getting sued in court for disabling someone. People like that aren't going to give a flying fuck about African nig-nogs being victimized by their own government.

>>50178581
#therealgoldbugs

>>50179980
>development of the third world is a myth
>it's just japanese, chinese and european shell corporations using niggers and pajeets for slave labor because they are too retarded to do it themselves
Kek

>>50181443
Comfy
Imagine believing a headline about Africa. They're probably just projecting their gains from cracking open all the bald men's skulls for the gold.

>>50179144
Weren't germans and swedes pretty based too? They changed.

>>50181691
>1000 years later blacks are the only race without male pattern baldness because.
They can't lose.

>>50178552
>Russians ship gold to Uganda
>Ugandans sell gold to China
>Chineae sell gold on the global market

>>50178848
I have fob chinese neighbours and I thought they were abusing their child but it turns out they just talk like that

>>50178637
>>50179980
venezuela, another oil producer, couldn't even maintain their extraction equipment by themselves, much less drill oil or build equipment...
3rd world countries are managed by and for retards, with some level of negative control/influence from 3 letter agencies.

>>50182247
It's truly the ugliest language I've ever heard.

kekd and klecked

>>50178637
I mean they still get huge profit off it. People have huge misunderstanding about how china operates. The chinese don't scam, they just sign a deal. Uganda will get their money.
The issue however is where the Ugandan president/king/whatever will be spending this money on. And knowing how niggers act when they get flooded with money, it will litearally don't benefit Uganda at all in the long run and all the money will be wasted on useless shit.

>>50178552
sweet! poison uganda's soil

>>50178552
>Flouud de markett - Bogdanogbwe

>>50178899
Seems plausible

>>50181597
Botswana actually is developed though.

>>50178552
So this is how Satoshi believed BTC would reach gold marketcap? By doubling the supply?

>>50178943
I think Japanese women look best out of all the Asians. A lot of them have pointy noses with a high bridge which looks better rather than the smushed face of most other Asians.

>>50184796
Almost all japanese have that weird mushroom nose with the prominent bump on the bridge, wtf are you talking about?

>>50178552
China owns it because niggers signed the dotted line.

>>50178581
Pluss interest, tax, etc etc etc etc

>>50178871
I fucking barfed.

>>50178552
Now that's something that couldn't happen with bitcoin, except if you find Satoshi Nakamoto's keys kek

Until a single ounce has been mined with all in costs calculated this news is bullshit scam shit

I'm not giving the zoomertards a (YOU). (YOU) know who you are. Literally talking about women and looks and ignoring that China is fucking winning. Goddamn (YOU) fags should've been aborted.

>signs up chinese firm
Kek. Whose ponying up the dosh, the firm or uganda? Whoever is paying is getting scammed

>>50178552
The U.S. and the entire West don't do any investment on Apefrica for a reason, tho.
We'll most likely see a civil war in the entire of the Congoloid continent as the Third World War begins.

>>50178637
Because only whites and asians are able to accomplish anything of worth. Shitskins and niggers are useless and can't get anything built. They are like animals we keep feeding for some strange (((reason))).

>>50183595
>it will litearally don't benefit Uganda at all in the long run and all the money will be wasted on useless shit.
Best we can hope for is all the money being spent on AKs to finance yet another tribal cleansing between irrelevant nignog tribes.

>>50178859
China locks people who speak the wrong dialect out of cities.

>>50185016
>cheif n'gambo gets $10 million from a windfall crop sale or laundered aid money
>instantly decides to kill everyone else because why not
That is the history of Africa after decolonization

>>50178859
They possess and conflicting strain of marxism my dude. No race-marxism allowed.

>>50185168
It would be low class farmer women, not city chinks who indulge in far worse degeneracy. Arguably the low class farmers aren't Asian anyways, they're australian aboriginal hybrids.

>>50185187
I dont have a opinion on your local tribalism but there are billions of chinese. How many Australians do you think there are?

>>50185256
This happened thousands of years ago. The vietnamese and south chinese used to look exactly like abbos until the han hybridized with them. SEA people are not Asian.

>>50178552
My prediction;
>Chinese firm basically makes puppet government out of Uganda
>economically enslaves it with huge infrastructure projects made by other Chinese firms acting as a arm of the CCP whilst giving it a fraction of all profits to the people of Uganda
>puts Chinese officials in executive roles and uses Ugandans as mining slaves
>CCP also funds terrorist Ugandan groups that murder women and children so Ugandans turn against them rather than the Chinese
>in 10 years, 1/100th of the predicted gold is mined, operations are deemed unprofitable, the Chinese leave except for some sweatshops erected to sell goods to fat Americans, and the mines and expensive infrastructure is all torn out and returned to China, what is left is taken by villagers selling and re-purposing scrap
>Uganda is left poorer than before, likely undergoes some sort of civil war or famine

>>50185272
Again, the Africa cycle.
>chief watambo gets a million dollars from an (((NGO)))
>decides to kill everyone else

>>50185271
Sounds like fake and gay mythology.

>>50185272
Too bad your predictions are based onto the false premise that there is indeed gold in Uganda. Truth is this fake news pop out every two months, it's the Kenyan prince inheritance scam but for institutional investors.
They didn't found any more gold in Uganda than there is in my backyard.

Usually nobody is giving this kind of shit any coverage at all, but this time it was perfectly timed to serve jewish fud of gold at a critical timing for them, so (((they))) spammed it everywhere.