/biz/ - Business & Finance

>in africa
Yeah all you gotta do is get africans to mine it all without fucking up constantly or corrupt africans stealing it for themselves. Shouldn't be a problem.

>>50204866
how many times do we have to tell you fags we don't give a fuck about the god damn uganda gold

>>50204866
>Nowhere safe to park your money
Have you tried Lockheed Martin or General Dynamics?

>>50204906
China moving in

>>50204906
So impossible then

>>50204866
I am just glad goldbugs are finally not smug enough to shit up the board by making peter Schiff threads. We will die together you massive niggers. No one will make it.

>>50204866

DYOR

https://youtu.be/0JKrzT6tp3Y

>>50204943
>he never saw Empire of Dust
Sorry pal I'm afraid even the Chinese haven't come up with a way to make niggers actually work, or at least do so without stealing.

>>50204866
BTC unironically fixes this problem. You won't have pajeets magically discovering 1,000,000 BTC 10 years from now.

>>50205161
BTC fixes the (NWOs) problem of people owning gold by reducing buying pressure on actual money

>>50205102
danks for bideo
trusting negronis == ngmi

>>50205217
BTC doesn't seem to be fixing anything tho.

>>50205278
this show would have already imploded if gold was the only safe haven asset

BIS just approved member banks to hold 1% of reserves in BTC

everything is about a desperate monster buying a few more minutes of time
it's already worked just fine

also BTC is gonna win out and it'll be a bad day for everyone involved

>>50205322
>everything is about a desperate monster buying a few more minutes of time
wat

>>50204866
The math involved in this story suggests 300 oz per ton of ore refined. It makes absolutely no sense. The average HIGH yielding mine yields ~10 GRAMS per ton of ore refined. It's a bullshit story meant as fud. Central Banks and the mega wealthy are accumulating gold and don't want you goyim to get your grubby hands on *their* rightful metal.

>>50204866
Hbd is the only stabble coin that counts

>>50205777
It's called kicking the can down the road.

>>50205001
>GUYS, uganda found eleventy trillion tons of gold in the richest and largest gold deposits discovered in over a century!!!
>OMG and get this, PETER SCHIFF is insolvent... are you going to stop buying gold yet? Isn't this some strong fud????

>>50205912
a decade worth of doing nothing while bitcoin 10000x'd should have been enough of a wake up call.

>>50206022
>everything is worthless compared to bitcoin because it did a x10000 in the first ever decade of its existence

>>50206051
no, but gold when compared to almost everything else has been a sub-inflation investment over even just 5 years

>>50206074
Gold is up nearly 50% over the last 5 years you absolute moron. It's beaten the SPX since 2000. In the last year it's down ~3% while everything else is down how much? Come on anon, you can do better.

>>50204866
>haha please sell off your gold right now
>you wouldnt want to wait for 20 trillion tons of gold to be mined now would you?
>haha just go ahead and sell right now while the price is still high this thing is definitely poised to go much lower right now! haha
thanks, just bought

>>50206022
You realize the price of gold (and silver) is determined by the trading of naked paper contracts? It is a fractional reserve system, where the trading is dominated by the biggest banks in the world. With a fractional reserve system the inherent scarcity of the metal has been removed from the pricing scheme because there are many multiples more contracts trading than physical metal available. To put it in terms you might understand it's like this: Imagine you had $1 billion USD and you wanted to buy BTC. So you go to Coinbase and you look at the orderbook. All in all there is maybe $100 mil total on the orderbook but if you were to market buy everything you would pump the price 10x and still not have fully invested your billion. So imagine Coinbase knows the majority of it's customers don't withdraw their BTC so they start creating fake BTC to sell on their exchange, essentially a fractional reserve system. So now when you look at the orderbook it's flush with BTC and you can easily buy $1 bil worth of "BTC" and barely pump the price. Now imagine you have ulterior motives and want to prevent BTC from going up. So anytime there is a price pump you strategically dump your $1 billion in BTC to prevent the price from pumping, then buy up the dip ready to dump at the next attempted pump. That's what is happening with gold and silver. The price of precious metals is a barometer for trust and confidence in government and in currencies. If the price of gold goes up the world notices. The price of gold rising can cause panic. Lack of trust in the system can cause interest rates to spike. It can cause the financial system to become unstable because it is built on a mountain of debt. The banks will keep the price of gold moving for as long as they can to buy themselves time but ultimately when the house of cards comes tumbling down there will be nothing they can do. Keep your smug attitude, I don't care, all it shows is you have no understanding of how things work.

>>50205132
That's why they started to use Chinese workers instead of African ones.

guys i just found a million bitcoin on my desktop

>>50204866
Lead beats gold every time El Capitan.

>>50206232
updooting

>>50205819
what are the locals saying?

Literally BRE-X again, they’ve ran this exact scam before.

Last geologist to fake core samples literally got thrown out of a helicopter.

>>50204906
China I think has the claims I believe with agreement to give a percentage to Ugandan government, the bug people will strip mine that whole country in 5 years

>>50204866
They didn't really find that much gold
It's a larp to justify the creation of more paper gold and silver by the kikes

Came for the goldbug cope, was not disappointed

>>50204866
If you do the math properly, the deposit is worth 12 BILLIONS, not trillions.

>>50206518
Its a 300 something ton pure gold deposit. There's better shit available closer to China. Its 1000x less than what the jurno "mathematician" came up with from 31mil tons of ore.

My portfolio is now equally split between USD/CNY/BTC/Au. Not going to lie, feeling pretty comfy. Just a heads up, high street banks and foreign exchanges are now stopping normies from purchasing rubles.

>>50206232
>the metal has been removed from the pricing scheme
so it's backed by nothing

>>50206345
bix nood ooga booga

>>50205819
holy crap lmao thats insane, most of the gold miners mine at 1-2g gold per tonne. im guessing that they havent done any drilling results to prove that this deposit is as big as they say?

>>50204906
That stillwont stop the gold flooding the market

>>50207191
wrong continent m8

>>50204866
>single deposit with more gold than all the gold ever mined in the history of gold mining

>>50205132
dude just put a Russian PMC outside the mine and they will work.

>>50204937
>unironically investing in the MIC
That's bad juju Anon.

>>50204866
It's called they're lying. They don't care, they know the clickbait article is enough to make people believe it without clicking on it. Funny how twisted that word's usage has become now that zoomers are too lazy to even fucking read the Internet.

>>50204866
Even if it's true the western market will see it as a threat and put some company in charge of the region to artificially limit the export of the gold.

They do the same thing with diamonds

>>50204866
bitcoin is good and cheap especially on a 5+ years term
soon everyone who wants to safe their money from inflation will realize this

>>50207410
good luck with your fake green and diverse ESG companies

>>50207449
Nah, I'm all in on crypto mein neger.

>>50205217
i 100% agree with that billionaire and i heard the theory first from lynette zang.

1. the problem of fiat is high gold prices signal hyper inflation
2. hyper inflation ruins currency and takes away the power of the oligarchs that control the money printer
3. the first solution to the gold problem was to get people trading futures contracts for fictitious gold through commodity markets. This is "paper gold" and is created out of thin air. it debases the gold supply by making it seem like there is more gold than there really is.
4. futures contracts were not enough to suppress gold price
5. bitcoin is created as "digital" gold. It is advertised as a gold coin but when you buy it there is no gold coin or anything really. Bitcoin and other crypto are just a reservoir where dollars that previously would get invested in gold are captured, thus preventing gold price from rising, hiding inflation, and preventing hyper inflation in various fiat currencies.

>>50205278
you're a dummy. There is a LOT of money in crypto and if it stays in crypto and not real metals the metals prices will stay low thus hiding inflation.

>>50207299
It’s uganda, they’re one step above nigeria when it comes to scams. If this was true news, all the fudders would invest in ugandan mining companies but it’s not true and they know it.

>>50207534

>>50205912
this.
Ultimate buy signal.
Except if you believe that ugandan officials cannot be bribed by western jews that want to take the wind out of the gold sales whilst they hit the accelerator on their printing machines.

Goldbug tears. Exquisite. You were only smug for 2 months LMAO

>>50204866
Money is made to be spent, retard.
Also, if an item is too expensive, less people are going to want to buy it.
However. An expensive item going down severely in price means more people will try to buy it, thus giving said item owner a chance to sell for a profit, if said person bought said item at the lowest point possible.

>>50204866
>Gold ore.
>Gold refined into bars.
Pick only one.
God damn childish website.

>>50205322
>also BTC is gonna win out and it'll be a bad day for everyone involved
Nice fud, retard.
Criminal here, I've sold weed my buddy grew in a pc tower case for copper, silver and decent gauge steel.
BTC isn't gonna stop my from selling contraband, so you can stop with that fid.

>>50206121
Gold Prices Per Ounce$1,741.00

BTC prices per coin 20,470$.
I think imma stack BTC.

>>50206232
>so they start creating fake BTC to sell on their exchange,
It's called Algorand, actually but good analogy.

>>50207413
>zoomers are too lazy to even fucking read the Internet.
Die off already boomer.

>>50204906
>africans mine it for pennies
boomers are going to kill themselves

so it's pointless to buy gold right now? in how many years will it bottom out?

>>50208538
Digging the ore is one part, it needs to be refined as well, all very energy intensive operations. They will not you need to mine maybe three tons to get an ounce of gold, you’re not doing that with uneducated africans with a pick axe. Invest in ugandan mining companies if you really believe this news.

>>50207525
Meds.

>>50205322
>BIS just approved member banks to hold 1% of reserves in BTC

No they haven’t retard, they are exploring the idea and are consulting with industry partners. I know you’re desperate to get suckers to pump BTC back to $40k, but at least be factual nigger

You may recognize the acronym,”EVM” which stands for Enhanced Virtual Machine. Essentially, these are a series of decentralized computers that act in tandem to run the ethereum network and in smart contracts.