GET OUT OF GOLD NOW

[Anonymous No.49628810]

OH MY FUCKING GOD!
Uganda just found 320,000 TONS of Gold
https://www.youtube.com/watch?v=9B1JUMTcYL8
All the gold ever found in all of history only amounts to 244,000 tons
https://www.usgs.gov/faqs/how-much-gold-has-been-found-world
The world supply of gold is going up 130% all at once!
GET THE FUCK OUT! NOW! NOW! NOW!

[Anonymous No.49628850]

>>49628810
https://www.reuters.com/article/uganda-gold/uganda-says-exploration-results-show-it-has-31-million-tonnes-of-gold-ore-idUSKBN2NP17M

It's real.

[Anonymous No.49628880]

>>49628810
If you don't think events like this aren't priced in by the time they're announced you're retarded

[Anonymous No.49628889]

picrel

[Anonymous No.49628898]

>>49628810
As someone who owns less than 1 troy oz of hold, how can I profit off of this?

[Anonymous No.49628918]

>>49628880
IF YOU THINK YOU WILL DOUBLE SUPPLY AND NOT DROP 50% IN PRICE, YOU ARE FUCKING RETARDED

[Anonymous No.49628933]

>>49628810
Literal fake news to get the russians to abandon the gold ruble.
This just shows how ogre it is for usa glowies

[Anonymous No.49628953]

>>49628880
>the markets are efficient
The absolute state. AHAHAHAAHAHAHAHAHAHAHAHAHA!

[Anonymous No.49628960]

Silver is a much scarcer resource than it's given credit for. The ancient Egyptians, for example, valued silver more than gold.

[Anonymous No.49628972]

>>49628953
It's not about efficiency, it's about the fact the biggest buyers have information on these supply possibilities years before they hit the headlines

[Anonymous No.49629004]

Gold is artificially kept low. I assume they'll let it inflate now?

[Sage No.49629042]

>>49628810
>we pm fags will get our vindication take THAT bitcoin !
>pm dumps as well
>now this shit
the cope, i want to see it, now

[Anonymous No.49629066]

how long will it take the ugandans to mine and refine 31 million tonnes of gold ore? 10,000 years?

[Anonymous No.49629087]

>>49628960
Gold is SIGNIFICANTLY more useful than silver anon. Try to get your brain out of shitcoin crypto mode

[Anonymous No.49629115]

>>49629066
The Changs are going to do it for them
They're going to start shipping 5,000 tons of the shit in under a year before they even had a chance to ramp up
Uganda just found enough gold to pay the entire national debt of Japan

[Anonymous No.49629129]

>>49628972
>thinking uganda gets a road because they found a boomer rock means anything to anything

[Anonymous No.49629143]

>>49628810
Load ze Uganda FUD

[Anonymous No.49629158]

This is fucking great. Will we finally have enough gold to make a staple metal to use in semiconductors?

[Anonymous No.49629171]

What is the value of this? $150 trillion?

[Anonymous No.49629189]

>>49628850
OHNONONONOOOOOOOAAAHAHAHHAHAHAHHAHAHAHAHAHHAHAHHAHAHAHAHAHAH

[Anonymous No.49629190]

Are the blacks going to become superpowers now that they have gold that the whites didn't manage to take during colonialism?
I doubt Africa had any resources left after colonialism

[Anonymous No.49629225]

>>49629189
You are comparing to output vs whats physically in the earth. Also top is an annual output vs a total reserve

[Anonymous No.49629227]

>>49629189
Of ore. Not refined.
Sub 100 iq fag confirmed

[Anonymous No.49629267]

>>49629189
High quality mines have something like 10 grams per tonne. That's 100,000 to 1 ore to product. 31 million tonnes would yield, at best, 310 tonnes of gold.

[Anonymous No.49629285]

>>49629227
Ride your stack to the bottom if you like
31 million tons of ore, 320,000 tons refined
5000 tons will ship within 1 year, which is more than the 3200 produced in the entire world in 2020 >>49629189
I'm out, see you at the bottom when I'm buying back

[Anonymous No.49629289]

>>49629227
>>49629267
GOLDBUG COOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOPE

[Anonymous No.49629352]

>>49629115
as a japanese person, I'm grateful to Uganda from the bottom of my heart, thats the nicest thing anyones ever done for nippon

[Anonymous No.49629389]

Endless anti gold shills lately. Desperate to distract from shitcoin being down 12% in a day

[Anonymous No.49629415]

>>49629352
they better get an anime out of this

[Anonymous No.49629419]

>>49629285
correction, 5000Kg daily, which is about 900 tons a year
that's just to start
same verdict either way, I'm cashing out of gold and waiting for the dip

[Anonymous No.49629437]

>>49628918
while i agree there always 2 sides to a coin

So much gold could result that more countries would choose to back their currencies with gold which would inrease demand as well

[Anonymous No.49629452]

>>49629419
damn it, 1800 tons
1000 Kg per ton, not 2000

[Anonymous No.49629515]

WAKANDA STRONK

Edit: Thanks for the gold, kind stranger

[Anonymous No.49629547]

>>49629042
As a PM schizo I can promise you a 1% "dump" is nowhere near as stressful as a 100% price devaluation like crypto holders are going through lmao. But whatever helps you cope man that pregnant butt and dogiradick isn't holding up

[Anonymous No.49629575]

Nooo Uganda can't get rich or they will stop accepting our refugees!

[Anonymous No.49629581]

>>49628810
Dump it

[Anonymous No.49629582]

OH NO GOLDFAGS ANOTHER 20 YEAR BEAR MARKET BEGINS!

[Anonymous No.49629683]

>>49629419
you're out by a factor of at least a thousand. You get around 10 grams of gold from a tonne of ore, not 10 kg.

[Anonymous No.49629701]

>>49628880
>priced in
Kek, that‘s why every chart is a horizontal line.

[Anonymous No.49629780]

>>49628918
>supply
lmao it's in the ground in uganda, retard. allegedly. it still costs money to get it out, then mint it. people have to want stuff for prices to go up and production to happen, that's always going to be true.
all this does is put a cap on prices after they're done reacting to inflation, which they are not.
first, the money supply increases, then ALL prices move, and as they do, only hard commodities are safe. even the MINERS themselves will often fail during rampant price increases because they cannot calculate the near and immediate future.
that's the whole point. ignoring changes in the money supply, when prices crash businesses simply pull back activity and invest instead of create and sustain jobs. while it sucks to be out of work, earning 20% on your savings is just as good. if the economy was just healthy, and the businesses were just healthy, you know they'll hire again soon.
but when prices skyrocket, any job will do for you and the rest of the plebs, but the real problem is that businesses are unable to forecast yet must keep operating. this causes them to fail because their ability to do accounting is fucked by external circumstances. six months to a year later, it's over, you lose your job, but nobody can invest anywhere the whole time. anything "safe" offered too low of a return, it got nowhere. all kinds of risky operations are created, none of which are sustainable. after these businesses close their doors, nobody even knows if their entire industry segment will still exist afterwards. any shred of certainty about the future is erased.
gold is simply the one commodity that has a 5000-year track record of surviving all of this and worse. oil hasn't been around that long.

[Anonymous No.49629795]

>found in bussia
really...?

[Anonymous No.49629801]

>>49629189
>31m tonnes ore
>okay what does it assay at?
>uhhh

[Anonymous No.49629840]

>>49629780
>when prices crash businesses simply pull back activity and invest instead of create and sustain jobs
This.
I'm just selling wholesale/retail.
Business is horrible so I'm basically doing nothing productive or risky at all and having everyone dust the existing product and wait.

Not really, but close. Sure as hell ain't doing anything with any risk at all.

[Anonymous No.49629852]

Based i hope them nigs get rich and not ripped off by chinks n Jews

[Anonymous No.49629899]

>>49628810
Nogolders are so retarded they dont even know the difference between ore containing (a tiny bit of gold) and refined pure gold, lol. Thanks just bought another 100k.

[Anonymous No.49629917]

>>49628850
bros do we move to uganda now?

I have 200k cash. Could easily buy a mine and a little army

[Anonymous No.49629953]

>>49628810
Uganda more like Wakanda am I right?

[MVP HITLER No.49630113]

>>49628810
>Uganda just found 320,000 TONS of Gold
>>49628850
https://www.reuters.com/article/uganda-gold/uganda-says-exploration-results-show-it-has-31-million-tonnes-of-gold-ore-idUSKBN2NP17M


From 320.000 to 31 gorillion

[Anonymous No.49630244]

>>49629189
That's not cumulative gold mined retard

[Anonymous No.49630283]

>>49628880
Your retarded brain was not priced in

[Anonymous No.49630377]

>>49628810
im no expert but something sounds silly to me.

320k tonnes of gold in small Uganda while 250k tonnes is spread around the rest of the world?

If Uganda has that much then there should at least few times as much in countries around Uganda as well

IF there is indeed that much gold how come it was never brought up as a potential gold spot before by people who research geological structures?

[Anonymous No.49630485]

>>49630377
>Covers far north-east, east, central and western Uganda
Probably more in Kenya's mountains on the border and deposits stretching into the Congo.

[Anonymous No.49630637]

>>49628850
Cheapies pls.

[Anonymous No.49630751]

So shouldn't we be shorting gold?

[Anonymous No.49630763]

>>49630485
i googled gold mines around the world and i don;t see any reason why this number should be that high

The nearby Kibali gold mine

>There are two zones: Kibali-Durba-Karagba trends north-east, and Pakaka-Mengu trends north-west. Gold-bearing deposits are found throughout the region. As of December 2018 proven and probable gold reserves were about 8.3 million ounces.[3]

[Anonymous No.49630775]

>>49628810
>
Someone debunk this please I'm going to fucking kill myself if the global supply of gold doubles overnight

[Anonymous No.49630945]

>>49630775
HAHAHAHHAHHAHAHAHHAHHAHAHAHHAHHAHAHAHHAHHAHAHAHHAHHAHAHAHHAHHAHAHAHHAHHAHAHAHHAHHAHAHAHHAHHAHAHAHHAHHAHAHAHHAHHAHAHAHHAH
DIE GOLDBUG DIE

[Anonymous No.49630988]

>>49628850
>ore
kys

[Anonymous No.49631030]

>convienient gold fud in mainstream news on the day after crypto literally dies

precious metals are gonna be blasting off lol at anyone falling for this. sorry crypto fags.

[Anonymous No.49631050]

>>49628850
Holy Ugandan Knuckles.

[Anonymous No.49631070]

silver bros, you ok?

just (1) more set of (10) year cycles, right?

[Anonymous No.49631073]

>>49629917
Kony 2022, the sequel

[Anonymous No.49631150]

>>49628810
What will this do to all the nations that use gold reserves and have stockpiles of gold?

[Anonymous No.49631168]

>>49631030
Holy cope

[Anonymous No.49631183]

l m a o at all these sudden metal mining/refining experts

There's even more gold in the ocean that doesn't have the nigger barrier, I guess that's relevant too

[Anonymous No.49631185]

>>49628810
>ore
i cant believe i clicked on this thread

[Anonymous No.49631189]

>>49631150
>The (((Swiss))) finally get their comeuppance at the hands of the Ugandans
Pottery

[Anonymous No.49631225]

>>49631183
Youve got the wrong mindset brudda, turn the barrier into the way. Who else is going to dig for your shekels?

[Anonymous No.49631259]

>>49628918
Global gold supply doubles like every 25 years.

[Anonymous No.49631270]

>>49631168
wow such devastating news and gold still above 1800 USD ya gold is dying guys

[Anonymous No.49631293]

>>49629780
https://www.youtube.com/watch?v=OMy8lKG6Atc

[Anonymous No.49631294]

Holy shit they found wakanda! They really wuz kangs.

[Anonymous No.49631345]

>>49628810
What will this do to all the nations that use gold reserves and have stockpiles of gold?

[Anonymous No.49631393]

>>49631185
31million tones of gold ore ~= 320k tons of pure gold

[Anonymous No.49631429]

>There is still gold in earth

[Anonymous No.49631487]

Anyone have military experience?
I'm putting together a team to take a safari in Uganda.

[Anonymous No.49631524]

>>49631393
>Oh no holy cope btc is infinitly scarce numbers
>Goldbugs on suicide watch

Nothingburger, not to mention its in absolute unstable shithole

[Anonymous No.49631581]

>>49631183
reserve vs resource. this gold is at least 100,000,000x more accessible than any proposed ocean trawling techniques to extract gold in suspension.

[Anonymous No.49631659]

>>49628810
I guess they really were kangz

[Anonymous No.49631704]

>>49631581
>100,000,000x

Its okey cryptobro, btc will rebound, just HODL

[Anonymous No.49631734]

good. gold is far too important a metal to be highly valued

[Anonymous No.49631768]

>>49628810
>just found 320,000 TONS of Gold
mfw
https://www.youtube.com/watch?v=DpI9Cckh1tc

[Anonymous No.49631776]

>>49631734
No you got it wrong, its useless boomer rock, not important at all

[Anonymous No.49631815]

>>49628810
I'LL DOUBLE DOWN ON GOLD FUCK YOU

[Anonymous No.49631819]

>>49631776
it has good electrical and chemical properties
yet most of it sits in vaults because boomers think it can be money in a digital world

[Anonymous No.49631850]

>>49628850
>it’s real Uganda government says

[Anonymous No.49631861]

>>49631819
It can, what about Runescape gold

[Anonymous No.49631868]

>>49629389
This was the trend the last time crypto dumped as well. Very interesting.

[Anonymous No.49631869]

>>49631487
most of the people i know joined the jew in ukraine

[Anonymous No.49631874]

>>49628953

If you can disprove the effecient market hypothesis you can go to Sweden and claim your nobel prize along with 1 Million Dollars or whatever the price is. Get started on your PhD instead of wasting time on 4chan.

[Anonymous No.49631896]

>>49631861
video games are not real life

[Anonymous No.49631910]

>>49631896
I can get real dollars for Runescape gold

[Anonymous No.49631928]

>>49628810
What I take from this is that Uganda is a terrorist hotbed that needs the USA to come in and give them FREEDOM.

[Anonymous No.49631931]

>>49631896
D:

[Anonymous No.49631963]

>china buys every african politician
>now 99% of this gold profit will go directly to china

How can they keep getting away with this, my fellow wybois...

[Anonymous No.49631965]

>>49628810
>uganda gigarich
Time to give them back all the shitmigrants that have been plagueing the west then. Theyre rich they can take of them

[Anonymous No.49631981]

>crypto crashing
>stocks crashing
>bonds crashing
>gold crashing
fucking beautiful man in a weird way

[Anonymous No.49632014]

>>49631963
the chinese with the wealth leave china and go to canada
all the wealth goes to canada
then canada collapses
then the US takes it

checkmate

[Anonymous No.49632036]

>>49632014
i thought they were going more to new zealand lately?

[Anonymous No.49632054]

>Uganda literally printing gold
Holy FUCKING shit

Uganda literally about to become the saudi arabia of africa

[Anonymous No.49632092]

>>49631981
>gold crashing
source plz

[Anonymous No.49632120]

>>49628810
320kt from 32mt of ore would imply 10,000g/t gold. Most gold deposits are 1-2gt.
This article is wrong or referring to something else.

[Anonymous No.49632137]

Cope and fud this transparent? Strong buy signal

[Anonymous No.49632151]

>>49629683
Have a brother who used to work in an underground gold mine.
In its early days it was pulling >300g/T ore.
They chased the seam so deep that you'd burn your hands if you touched the walls of the mine without gloves on.
Then the ore grade dropped below the cost of mining so deep and it closed down.

[Anonymous No.49632166]

>>49629352
2 nukes weren't enough nippongo

[Anonymous No.49632314]

>>49630775
see
>>49630244
>>49629801
>>49629683
>>49631185

[Anonymous No.49632346]

>>49628850
>aerial exploration
>no drill results
Lol fuck off

[Anonymous No.49632372]

>>49631345
If the Ugandans are smart then they'll pull a little bit of it out to sell on the world market, and keep the rest underground as savings

[Anonymous No.49632404]

>>49629066
It takes 5-10 years to build a producing mine. And that’s after years of obtaining permitting, feasibility studies, drilling, and developing the property. This looks like data from helicopter exploration so it could be a decade at least before any gold is mined from this area if there isn’t already an existing mine. That is, if this story is even real.

[Anonymous No.49632493]

>>49632404
This is Uganda, they don't give a fuck about any of that shit. China builds producing mines in 1/5th of the time.

[Anonymous No.49632494]

Is this how the glowies are going to try and suppress gold price? By claiming there’s actually a trillion ounces that’s about to be dumped on the market all at once?

[Anonymous No.49632523]

>>49632494
ya it is. bullish as fuck.

[Anonymous No.49632560]

>>49632404
>t. Minecraft player for 10 years

[Anonymous No.49632598]

>>49632494
Yes. Good contrarian indicator. Mining news doesn’t come about like this. There’s definitely a push by the mainstream media outlets to keep people away from gold in this downturn.

[Anonymous No.49632664]

>>49628960
So did the Navajo. The Navajo hated gold, silver was more useful for them.
When the Spanish conquistadors came around, the Navajo lead them on a wild Goose chase looking for gold, while the Spaniards paid them in silver every step of the way.

[Anonymous No.49632720]

>>49632404
this why china number 1 they have it finished tomorrow and have more gold than tea or cow dung in india you ameriancs retarded

[Anonymous No.49632772]

>>49632092

[Anonymous No.49632810]

>>49628850
Most gold ore has a few grams of gold per ton of ore. A friend of mine was working as a prospector for a big gold company surveying sites in Tibet for gold mines. Above 10g per ton was considered very good. So 320,000 tons of gold from 31 million tons of ore means their mines are 1000x better than anywhere else currently mining. Sounds like Ugandan mathematics to me.

[Anonymous No.49632901]

>>49628880
is it really though?

[Anonymous No.49632923]

>>49632810
I just did their math for them. They have 320 tons of gold in that 31 million tons of ore.

[Anonymous No.49632973]

Gold DEPOSITS. There is an assload of gold in the ground. That doesn't mean its possible let alone profitable to mine.

[Anonymous No.49632985]

>>49628810
how much gold would you need to make a heap to sleep on like a dragon every night?

[Anonymous No.49633013]

Don’t forget that this is supposedly from aerial exploration, not drilling. Meaning it’s virtually meaningless

[Anonymous No.49633028]

GOLDBOOMERS BTFO

[Anonymous No.49633066]

Ok... So who is going to dig it up?

[Anonymous No.49633091]

>>49628810
BRB moving to uganda getting a black queen gf and putting some negroes to work

[Anonymous No.49633293]

Holy shit.
Let me just rush down to the pawn shop and offload my boomer rocks because someone flew a helicopter over Uganda.
Surely whatever gold they have there won’t take a decade or more to get to market lmao.

>inb4 goldbug cope
The only coping here is from all the crypto zoomers, as they desperately cling to the notion that everyone else’s assets are as worthless as their internet fugazis.
>if bitcoin goes to zero, gold will too!
Nope, sorry. Shoulda exchanged yer gains in 2021 and have a mountain of shiny rocks like me.

[Anonymous No.49633389]

>>49628810
Calm your tits. It's ore. It has to be mined, processed, and extracted. So, looks like the Chinese finna to get rich.

[Anonymous No.49633449]

>>49628933
This is correct. Qui Bono from this news? Who is hurt? Problem Reaction Solution.

[Anonymous No.49633637]

>>49633293
>Holy shit.
>Let me just rush down to the pawn shop and offload my boomer rocks because someone flew a helicopter over Uganda.
>Surely whatever gold they have there won’t take a decade or more to get to market lmao.
This guy gets it. Helicopter data is what early stage exploration companies use for properties that are either hard to get to or they don’t have the capital, equipment, and manpower to do ground-based exploration and eventually drilling. This is literally meaningless. Actually, no, it’s not meaningless, it’s a great indicator that the system is collapsing and the regime desperately doesn’t want people to buy gold. So this is a sign that you need to be buying gold.

[Anonymous No.49633780]

>>49631896
trump is still president, and he is making anime real

[Anonymous No.49633871]

>>49628850
Dey know de way bruddahs

[Anonymous No.49634017]

>>49629129
Ok kike.

[Anonymous No.49634018]

>>49631487
I've played CS:Source for a couple of hours? I'll help you plant b

[Anonymous No.49634107]

>>49629087
False

[Anonymous No.49634151]

Goldman Sachs Insider yesterday said the port of Lisbon is going to be huge.....

[Anonymous No.49634182]

Lads.....

Do as they do, not what they tell you to do.

[Anonymous No.49634265]

>>49628810
Gold is far more abundant than admitted. Mines in Aus stumble upon new seams and cement over until the time is right to come back to them.

[Anonymous No.49634370]

>>49628810
wtf this is like wakand but irl

[Anonymous No.49634433]

>>49631981
Ezekiel 7:19 habbening in realtime

[Anonymous No.49634585]

>>49629189
Cool I'm buying 3 more oz when I get my paycheck tomorrow. I'll throw in some silver too for kicks. I sold everything in last year and put it into commodities futures so I have a lot of extra worthless fiat to slurp it up.

[Anonymous No.49634905]

>>49628810
We wakanda now blackbros

[Anonymous No.49635212]

>>49628810

[Anonymous No.49635323]

>>49628898
Move to Uganda and start mining that gold, like the gold-rushers of old.
If you don't get in early you'll get stuck with worthless scraps.

[Anonymous No.49635517]

>>49628933
I'm sure this news is entirely unrelated to the ongoing "everything crash". Just a coincidence. Keep doing what the Central Banks and independent governments are doing.

[Anonymous No.49635538]

nothing burger. why? this gold will never be extracted, ever.

[Anonymous No.49635558]

>>49632901
His cope was already priced into the thread

[Anonymous No.49635592]

>>49629115
If this is the case, don't expect the gold to hit the market. What are they going to sell the gold for? US dollars?

[Anonymous No.49635732]

THIS NEWS IS THE BEST AD FOR CRYPTO AND BITCOIN
1 BTC = 1 BTC
BTC IS A STORE OF ENERGY AND VALUE
GOLD CAN NOT COMPETE WITH BTC
BTC HAS UTILITY
BTC IS THE ULTIMATE REPRESENTATION OF ENERGY SIRS

[Anonymous No.49636485]

>>49635732
makes sense because gold doesn't require any energy to get out of the ground. good take ser

[Anonymous No.49636672]

>>49628810
>>49628850
Are you 12yo or something? The blackest african shitholes announces miraculous discovery of gold deposits every 3 months to bait in investors' money and international miners then the local government racket them.
It's the nigerian prince scam but for institutional money. I can assure you they didn't find more gold in Uganda than in my backyard.

[Anonymous No.49636824]

I fucking love reading low iq african monkeys talk economics.

Its the funniest shit honestly.

[Anonymous No.49636890]

>>49631429
The solid core of earth, which is about the size of the moon, is mostly made of iron and gold.

[Anonymous No.49636937]

>>49628810
So is Uganda a commodity superpower now?

[Anonymous No.49637109]

Mfw mansa musa will return and africa will become the worlds richest country.

White women will be starving and begging to marry powerful rich BLVCK BVLLS. The golden age of humanity is coming

[Anonymous No.49637150]

>>49636890

Doesn't mean shit if you can't get to it. Let me know when you design a digging machine that can withstand over 10,000 degrees F.

[Anonymous No.49637156]

>>49628810
>>49628850
>its real
>shiny rock fags

[Anonymous No.49637219]

I for one welcome our new Ugandan overlords.

[Anonymous No.49637243]

>>49628810
This is why I've never understood PM fags. Imagine how much ore is under the ocean. We've only managed to discover a fraction of what exist.
Technology and extraction methods will evolve.

[Anonymous No.49637245]

meanwhile usa trying to find if uganda has bio weapons

[Anonymous No.49637265]

>>49637150
It's technically feasible to change Mars' orbit in such a way that would result in a crash with Earth that should scatter all the good stuff in a new asteroid field. Could take 10 or 20.000 years though.

[Anonymous No.49637290]

>>49632404
yes, uganda’s environmental/safety standards are top notch.

[Anonymous No.49637345]

>>49628810
>>49628850
The only way to know if this is real is if Uganda gets "liberated" within the next few months.

[Anonymous No.49637394]

>>49629190
Diamonds and ivory and slavery already happened there and they're still living in mud huts

[Anonymous No.49637432]

Gold is a very safe bet ocmpared to the Trash coins I have in my portfolio

[Anonymous No.49637437]

>>49632404
Dude china said they will have 5k tonnes out of there EOY. You think a bunch of blacks and chinks give 2 shits about saftey etc? They are just going to throw a bunch of their concentration camp prisoners down there to mine until they die.

[Anonymous No.49637501]

>>49628810
gold always was a scam
SETF

[Anonymous No.49637523]

>>49628810
>source: youtube video
>youtube video's sources: some shady fake news sites

let's not become /pol/ please?

[Anonymous No.49637544]

>>49637265

Obliterating the only planet able to sustain life to get the gold seems a little counter productive.

Show your nose.

>>49637243

You look for gotcha sound bites without thinking. The time, effort, money that it takes to get to hard-to-reach gold pushes the mining costs up. There is also the lead time to get a mine operating. Also, there is the practical reality of if it is profitable to the mining company to even go after the gold. If the prices crashed too low like you wrongly think it would, they would simply not mine it. And there's no way a solo retard like you would go get it, you would die trying.

The thing crypto chuds can't understand is that a physical commodity actually takes effort to get to. You can't print it, you can't program it into existence. You have to go get it. And yes while technology gets better over time to extract things, it is never going to be Star Trek easy where you beam it out of the ground. Gold currently costs between 1000 and 1400 dollars an ounce to get it out depending on ore quality and difficulty of the region. You have to DIG, you have to launch rockets to asteroids (in the far future), you have to develop the tech to grab the stuff and put it in a container and bring it to your refinery. There is a built in scalability to Gold that self regulates. So you can post all the memes you like. It won't change the fact that this ore find in Africa isn't going to drop gold prices. If anything, costs to mine mostly go up over time. Sorry buddy.

[Anonymous No.49638376]

>>49628810
this is actually fucking bullish for bitcoin lmao

[Anonymous No.49638401]

>>49631345
The doubling kek
Bitcoin has a halving every 4 years while gold has a doubling every 4 years.
Boomers are going to get decimated while zoomers and millennials make it.

[Anonymous No.49638534]

>>49637243
PM fags are dumbasses that refuse to acknowledge that there is a reason humanly moved on from gold. Thinking we're going back is akin to believing were going back to doing math without the number 0. Once the cat is out of the bag on a superior idea, it's over.

[Anonymous No.49638660]

>>49629042
>>49629547
>being tribal about your favorite asset class
You are both dumb faggots.

[Anonymous No.49638808]

>>49629087
>call silver an "industrial metal" in an attempt to devalue it in the eyes of the plebs
>then claim that AKSHUALLY silver isn't useful! just ignore the massive amounts used in aerospace, medical, solar, and computer manufacture

[Anonymous No.49638842]

>>49628810
>Ugabugaganda find 6.000.000 billion trillion ounces of gold.
>Energy price is so high it cost 5 Gigachadllions to mine it
>price of gold goes up
Heh'
Nothing personal
"kid"

[Anonymous No.49639149]

>>49628810
this is the mt. gox of gold

[Anonymous No.49639488]

It's in the ground I guess and fuck knows how feasible it is. Can imagine CIA trying to figure out how to shit up Uganda now.

[Anonymous No.49639605]

>>49628810
>Uganda
>320,000 TONS of Gold
What's this MARVEL shit?

[Anonymous No.49639697]

>>49628810
looks like China will be the richest country in the world

[Anonymous No.49639774]

>>49628810
This can't be real. It's probably just another false-alarm. How can UGANDA know that?

[Anonymous No.49639857]

>>49628810
nah, those niggas cant count properly

[Anonymous No.49640477]

>>49638534
>there is reason why humanity moved from gold
>my hedge against inflation is -70% from ATH during 10+% inflation period
>locked in permanent HODL mode
>is actually used by single percents of population
>90% of population has no mental capacity to not lose their keys or get scammed by indian phissing attacks

Heh, sorry kid

[Anonymous No.49641015]

>>49640477
Yes there's a very good reason for why gold fell out of favor and it's very bearish for all commodity money. It's the very thing PM fags delude themselves into thinking is a feature while in reality it's a massive bug the killed their shinny rocks as money.

[Anonymous No.49641154]

>>49628810
May I see it?

[Anonymous No.49641267]

>>49628960
Annual inflation of the silver supply is considerably higher than that of gold you mong.

[Anonymous No.49641404]

>>49628810
>OH MY FUCKING GOD!
>Uganda just found 320,000 TONS of Gold
It is all staged to make us to owe nothing, isn't it?

[Anonymous No.49641516]

>>49641154
That's a historically antisemitic remark and in today's world quite racist.

[Anonymous No.49641643]

>>49628810
I fucking knew it. The Great Satan has to have some potent FUD cooking just to fuck over Russia and China.

[Anonymous No.49641647]

>Russia moves to gold-backed Ruble
>Reuters: guys, we honest to goodness just found a gorillion tons of gold in Uganda so it's no longer a scarce resource

[Anonymous No.49641769]

>>49629547
I never put more than 1% of my total net worth in cryppos so the dump is just entertainment to me. Truth be told, I was disappointed by the lack of pink fields today.

[Anonymous No.49641846]

>>49628810
Hahhaah you stupid fucks
>stocks crashing to 0
>cash crashing to 0
>everything crashing to 0
>pms only safe haven
>gotta get the spot price down
>fire up the propaganda machine
>turn it up to “implausible”

So just to summarise:
>more gold than has ever been in circulation was found in one place
>story breaks on day of absolute market collapse
>the state of biz

[Anonymous No.49641856]

>>49633091
BLEACHED.com

[Anonymous No.49641991]

>>49632810
This. On a good year, a facility like pic related will produce a block of gold the size of a peanut butter jar.

[Anonymous No.49641992]

>>49628810
>>49628850

[Anonymous No.49642024]

>>49641991
Forgot pic related.

[Anonymous No.49642037]

FUD.

/thread

[Anonymous No.49642226]

>ore
>aerial exploration

[Anonymous No.49642449]

>>49641015
>reason why gold fell out of favor

Because it was a barrier against you having to work 40 years as a wagaslave in useless job and being dependant on government, the fact you dont recognize that strikes me as odd. Gold is simple, everyone understands it, from scientists to ghetto nigs with their gold chains.

But ok, be a 5% minority using alternative volatile digital asset you will occasionaly use to order coffe at starbucks and laugh at normies not recognizing the brilliant potential of your virtual coins or losing everything when they touch them, you are not getting anywhere like that.

[Anonymous No.49642622]

>>49641267
really?
they just found over 2x the total known supply you dingus

[Anonymous No.49642670]

>>49642622
>ore
>aerial exploration

this "story" is so based for exposing retards

[Anonymous No.49642697]

>>49642670
>NOOO YOU CAN'T JUST NOTICE THE GOLD

[Anonymous No.49642713]

>>49633871
dats rite. we all kinda fucked now brothers found all that gold shit cuz day jus no dat shits for reel. can smell that shit under the grounds and shit. got 500 billion tons of it all just all up in dat shit.

[Anonymous No.49642738]

>>49642697
>Ore
>Aerial Exploration

stick to losing 95% on dogcoins bruv it's more your speed

[Anonymous No.49642749]

How long until america invade Uganda to fight neo Nazis and far right white supremacists?

[Anonymous No.49642768]

>>49642622
YEah sure 10kg of gold in one tonne of ore, most rich ore in history ever, gold content seen by naked eye very easily, in 2022, showing no assays, in Uganda, made by "government" of Uganda, in exact time everything in market is going to shit

[Anonymous No.49642778]

>>49629190
They're going to start buying F22 Raptors and shit . Rule the world and shit.

[Anonymous No.49642878]

>>49628880
so glad this boomer is going to hero himself when his overpriced metal plummets back to reality at $50 an ounce.

[Anonymous No.49642922]

BRE-X

This scams been done before

[Anonymous No.49642997]

>>49642697
its gold ore. it says it right in ops article. gold ore usually has about 10 grams of gold per ton. it would be about about 320 tons if its all high quality ore, so an increase of 0.13%.

but 320 tons of gold is still 1.5 trillion for uganda, depending on how fast they can get it out, when uganda had a gdp of about 35 billion. it would be interesting to see what happens if they sold the rights to china for a trillion what would happen to the country.

[Anonymous No.49643093]

>>49641267
So much gold exists now, that even if you doubled global production, supply inflation would go from something like 1.5% to 3%, whereas silver is more along the lines of 5% annually.

[Anonymous No.49643120]

>>49628810
>tfw third worlders will never find 21 million more BTC

[Anonymous No.49643213]

>>49643120
kek, finite supply good myth was the greatest invention of the BTC jew

[Anonymous No.49643269]

>>49643213
finite supply = good is a jewish trick now? this is next level cope

[Anonymous No.49643384]

>>49629515
Thought this was a d0b0 meme at first

[Anonymous No.49643517]

>>49643269
>market forces regulate the money supply through economic calculation
vs
>oh yes (((hand rubbing intensifies))), plan our "money" to have finite supply and proceed to mine substantial amount of our "money" for ourselves, then convince everybody that they are early and tell those that come after them they are still early and then tell to those after them they are still early. Price stability? hahahahahaha nice joke, no wonder Schlomo, you did not even have your Bat Mitzvah yet, it will come in time naturaly

You are not fooling anyone

[Anonymous No.49643576]

>>49643517
"Jew" is literally just spooky word play for anything that these fags want

[Anonymous No.49643582]

>>49628889
Kikes deal in diamonds. A more fitting pic would be a Muslim merchant shrieking

[Anonymous No.49643671]

>>49643517
and now you're an ancap? you have to be a super schizo to be an ancap and also anti-bitcoin

[Anonymous No.49643748]

>>49643671
>I do not understand difference between cryptoanarchists and anarchocapitalists

Those two are not the same

[Anonymous No.49643808]

Uganda also has huge bitcoin ore reserves. They just need some investors to get it out of the ground.

[Anonymous No.49643871]

>>49642449
I hate (((them))) as much as the next guy but what actually killed gold is that it scales like ass through space because it's actually exists, enslaving the cattle was just a neat side effect. Try settling in gold over a non-trivial distance and see how fun, fast, and cheap it is. The only way gold is making a comeback is if by some miracle globalization truly dies and everyone goes back to being locally self-sufficient. I other words, if we go back in time. I don't see that ever happening so the only hope cattle like us have to some day not play their game are the chucke cheeze tokens with all the benefits but without the weakness of gold.

[Anonymous No.49643878]

>>49641991
>>49642024
wat? like a normal jar of peanut butter? waht would that be like 20 kilos of gold or something? that's like a million dollars, how can a mine turn a profit if they can only get a million dollars of gold a year? it wouldn't even pay for equipment upkeep lmfao

[Anonymous No.49643897]

UGANDA FOREVER

[Anonymous No.49643986]

>>49628918
>IF YOU THINK YOU WILL DOUBLE SUPPLY, YOU ARE FUCKING RETARDED.
Fixed that for you. This news is coming from Uganda so it's 100% bullshit, the gold/ore-tonne they project is literally impossible, the land is in the middle of rebel-controlled area that mining companies have recently evacuated due to security issues, and so on and so on. This "announcement" is meant to draw your attention away from gold/silver while markets are tanking and you're looking for somewhere safe to park your money. Don't bee fooled. They haven't even done any analysis, they are literally saying they think this much gold is there because they flew a helicopter over the area and it looks like it has gold.

[Anonymous No.49644036]

Gee, if I wanted to put out a bullshit story that was impossible to verify, in order to short gold, this is exactly how I'd do it.

[Anonymous No.49644117]

>>49630763
Gold is created when stars explode as super nova. Then it flies in space until it fells to the planets. I don't see any reason, why gold should be distributed evenly across the planet

[Anonymous No.49644131]

>>49628880
newfag

[Anonymous No.49644178]

>>49644117
theoretically

[Anonymous No.49644191]

>>49643517
>a private entity manipulating the money supply in order to centralize control of all companies and assets is good
Fuck off retard

[Anonymous No.49644231]

>>49628810
Maybe they'll fuck off from Europe finally
also, throw 20 trillion worth of gold on the market and you will drive its worth into the ground

[Anonymous No.49644315]

I mean I like looking at my boomer rocks. It's ok. I hope you guys do well on your investments. I am also diversified.

[Anonymous No.49644336]

[Anonymous No.49644358]

>>49644117
>Gold is from asteroids hiting Earth

Holy fuck, no wonder these people are losing so much money, they are braindead, the whole fucking Earth and this solar system is the product of supernova retard.

>Why it should be evenly
Its not, but it is relatively even because physics works, you dont magicaly get a country sized gold nugget sitting somewhere

[Anonymous No.49644426]

>>49644191
Thats called state, state is not necessarily monopoly on money, but its always monopoly on violence

Welcome in reality, muh bad private actors my ass

[Anonymous No.49644569]

>>49643986

Exactly. The idiots in this thread are living proof that paying attention to 30 second sound bites are all their tiny brains can muster anymore. They have been thoroughly pozzed by the media and their shitty school system. All it takes is about 5 minutes of research into what it takes to mine gold, especially in a region as fucking unstable as Uganda, and you instantly realize this will do nothing to the price of gold. Also the Chinese are funding this. That right there is enough for me to know this won't affect the gold price. The chicoms will horde what they mine out, adding to their govt. stack for a possible tethering of the yuan to gold sometime in the future to finally kill off the dollar.

[Anonymous No.49644735]

So is Gold going to go cheap?
Or just don't care?

[Anonymous No.49644737]

>>49644191
>Gold miners manipulating prices

Holy fuck I bet you think gold is fiat, they will magicaly mine infinite amounts of gold with no costs
>What is market
>What is price
>What is economical calculation

Cryptofags are economicaly illiterate hahaha

[Anonymous No.49644742]

>>49628810
lmaoing at the redditors praying this is fake or that the gold is unextractable so that their gold stack doesn't get inflated
real /biz/bros should be salivating at the very idea and already begin planning on how to make money out of this

i will be making daily research on this subject from now on

[Anonymous No.49644805]

>>49644358
>source: trust me
Nah, go away, kike

[Anonymous No.49644810]

>>49643871
Globalization is dying the longer this jewish slav war keeps up

[Anonymous No.49644830]

>>49644358
>>49644336
>>49644315
>>49644231
>>49644191
https://pastebin.com/pgUDWYQL

[Anonymous No.49644854]

>>49644737
What the fuck are you talking about?
Did you respond to the wrong person?

>>49644426
No that's called a regulated money supply
There is no need for the supply of money to be changed if it is easily and highly divisible
The value of money will be dictated by the market, and no individual or centralized authority needs to have any say in it

[Anonymous No.49644857]

>>49644735
Don't care. There's a lot of mining sites with a bigger amount of gold that can be mined.

[Anonymous No.49644864]

>>49644742
Just short gold if you have unshaking trust in aerial research of Ugandan government

[Anonymous No.49644928]

>>49644864
>aerial research of Ugandan government
is the news based on that? Oh well, then it means the found nothing

[Anonymous No.49644969]

>>49628810
>>49629189
Cryptotards are really just gonna lash out at everyone now because their shitcoins are becoming worthless. Even when they have no knowledge on the subject. Desperation is a sad look.

[Anonymous No.49644987]

why does everyone in this thread seem to think that raising supply automatically lowers price
do they not know about price mechanism?

they not know about Keynesian principle? It’s about demand not supply niggers

[Anonymous No.49645002]

>Shithole country
>Shithole African country
>Random ass claim

[Anonymous No.49645064]

>>49644569
The state of the modern man is truly embarrassing. A scary statistic, out of every 10 people who read a headline, only 2 of them click on the article. It's impossible to know how many finish that article, but I guarantee it's less than 2. Of the tiny percent that read an article, almost NOBODY will look into the subject further to round-out their understanding of the topic. Talk to normies for half a second and you'll notice they just repeat talking points and headlines without actually having any conception of what they mean/whether or not they're even true. On the up side, if you're one of the few people capable of and willing to actually research a topic for longer than 10 minutes, you can easily enter the top .1% of people "knowledgeable" about a subject. It is easy to see how that would be incredibly beneficial when you dedicate your time to understanding an aspect of the financial market. I decided to actually learn about precious metals, their history, their extraction methods, etc. If you aren't in on gold and silver, the sole reason for it is you haven't done any research on the topic. Anyone who has spent an hour researching gold and silver knows it is the only safe asset in today's global financial market. Best of luck to you all, but I know where my money is parked.

[Anonymous No.49645070]

>>49644864
yeah that's just about the IQ of the post-BSC /biz/ that i would expect
if this is true, we are talking about reserves. it could take a century to mine even 50%
that doesn't mean your stack is in danger short-term DUMB FUCK

god i can't fucking believe how oversensitive goldbugs are
centuries ago goldbugs would cream in their pants and adventure all over the world to find good quality gold mines, today you got cucks praying that gold reserves deplete because they are afraid of inflation

[Anonymous No.49645082]

>>49644987
Doubling supply instantly would outpace demand significantly
I doubt anyone in this thread actually believes that the gold supply will increase significantly

[Anonymous No.49645126]

>>49645002
The Ugandan Prince is satoshi

[Anonymous No.49645127]

>>49645064
>boomer copes about his rocks
Yes anon, one day you'll wake up and find everyone wants your shiny shiny coin collection. This is because you've "DYOR". I hope this story helps you sleep at night.

[Anonymous No.49645180]

>>49644987
they actually have no idea how it works
they think gold reserves count as supply, instead of circulating gold
they also act is if the entire gold reserve could be mined in a single year

[Anonymous No.49645187]

>>49644854
>Planned money supply, what the hell could go wrong if you plan economy

Its not problem with divisibility, its problem of pricing, prices will not be ever stable, you dont need centralized authority for gold

[Anonymous No.49645218]

>>49628880
>PRICED
>IN

[Anonymous No.49645268]

>>49642997
Suddenly there would be a lot of chinese people in the middle of africa (more than there currently are) and ugandan nignogs will move to europe to support BLM because white people are racist.

[Anonymous No.49645317]

Ok.

Now get it out of the ground.

Now refine it.

[Anonymous No.49645355]

>>49628810
kek PMfags BTFO

[Anonymous No.49645384]

>>49645187
I am not against gold, never said I was
I am against the statement you made that someone or something has to be in charge of regulating the money supply

[Anonymous No.49645388]

>>49645070
Thats a projection right

[Anonymous No.49645441]

>>49645317
nah. sell the rights to china for 1 trillion and bounce with the check

[Anonymous No.49645483]

>>49628918
Well, a retard woud believe that. They still have to dig it up and process it. It will be a slow drip onto the market, not 31 million tons dropping on the market over night.
The interesting action is Uganda selling off mineral rights to outsiders (China), who will build out the mines and processing plants.
Uganda will became a very wealthy nation over the next couple of decades.

[Anonymous No.49645491]

>>49628810

>Africa
>Efficiently mining anything

[Anonymous No.49645508]

>>49645384
But what you say is exact opposite, if market (through supply demand and production costs) controls money supply, that means its unregulated. If guy comes and decides the supply, that means its regulated. Just because that guy is not government does not change that, he is (or was) that central authority.

[Anonymous No.49645517]

>>49629285
5k tonnes will not ship in a year, spastic.

[Anonymous No.49645532]

>>49629042

>Bitcoin dumps 60% of its value
>Gold dump 10% of its value

[Anonymous No.49645568]

>>49628810
Great, I will buy some when its cheap and get a wedding ring made

[Anonymous No.49645577]

>>49632985
half of all the mined gold in the world

[Anonymous No.49645683]

>Muyita said Wagagai, a Chinese company, had set up a mine in Busia in eastern Uganda and was expected to start production this year. Wagagai had invested $200 million, he said, and its mine will have a refining unit.
Kek, so it's all for the greater glory of China then.

[Anonymous No.49645714]

>>49630377
Yep, you're no expert. You're literally a waterhead. Gold is hard to find. You can sometimes find surface veins, or take a chance and guess and dig. Africa as a continent has large gold deposits, but that doesn't mean they're easy to find, or get out of the ground. Gold can theoretically form in any area around volcanoes, but very little is visible from the surface. And then there's dealing with the actual countries in Africa where it might be found, because your mine and gold will get jacked by some local warlord.
>how come it was never brought up as a potential gold spot before by people who research geological structures
Because vast amounts of the globe haven't been studied or can be seen from the surface. You're too dumb to explain further.

[Anonymous No.49645837]

>>49630377
Egyptians had solid gold caskets and gold plated pyramids, but never told anyone where to find it
Someone just found it

[Anonymous No.49645866]

>>49628810
BAHAHAAHAAHAAHAAHAAHAAHAAHAAHAAHAAHAAHAAHAAHAAHAAHAAHAAHAAHAAHAAHAAHAAHAAHAAHAAHAAHAAHAAHAAHAAHAAHAAHA
FUCKING GOLD BUYING BOOMERS ON SUICIDE WATCH, YOU'RE GOING TO LOSER ALL YOUR MONEY TO NEGROS HAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAHAHAHAHAH

[Anonymous No.49645885]

Lmao bitfuck is going to zero afterall

[Anonymous No.49645898]

>>49632120
>t. muttmatician

[Anonymous No.49645916]

>>49632404
>years of obtaining permitting
>in nigger africa
lol
lmao even

[Anonymous No.49645924]

>>49645508
Maybe I misunderstood what you were saying
That supply regulation only works when anyone can create new money, which is exactly what happens with a silver/gold money system
silver and gold are a bitch to deal with for trade that must occur over any sort of distance, though, so there has to be some other way to represent that value in a true and level way
The best way to do that in my opinion would be a highly divisible digital commodity with a fixed supply and no controlling authority. It will then go through price discovery as it is being utilized.

[Anonymous No.49646102]

Biz faggots will put their crypto on Celsius and then believe this obvious bs story with a straight face.

Gullible insufferable faggots.

[Anonymous No.49646152]

EVERYTHING IS WORTHLESS

[Anonymous No.49646220]

>>49645924
I would be for digital currency if a supply was not fixed and would be function of demand/production costs. Think, 1 miner with certain computing power makes x currency, 2 miners make 2x currency. Problem is that blockchain cant function like that, because in times of low demand (inflation), the hashrate would decrease and whole thing would become vulnerable.

[Anonymous No.49646292]

>>49646102
Kek, shameless retards. Imagine losing everything in an obvious ponzi scheme and then coping so hard that you desperately spam the board with fud about legitimate investments. All cryptotards should rope.

[Anonymous No.49646529]

>>49646292
Lolol an survey conducted from a Ugandan helicopter finds an implausible amount of gold!

The attempts to thwart a gold backed yuan/ruble are becoming so hilariously absurd, only a crypto faggot could possibly believe them to be true

[Anonymous No.49646534]

>>49646220
Initial distribution is the most difficult problem to solve when it comes to digital assets, and I don't believe it will ever be solved
'good enough' is the best we can do, and it's likely that speculation into an asset with high utility is that 'good enough', eventually it will be distributed enough that utility will overtake speculation
Sure that will pump the pockets of the original creator/holder of the asset, but I think it's fair that the original creator gets rewarded for their efforts, especially given that the asset will be undervalued until utility drives proper price discovery

[Anonymous No.49646644]

>>49628850
>Uganda says

[Anonymous No.49648091]

do we panic

[Anonymous No.49648189]

WAKANDA SOON CRACKAZZ

[Anonymous No.49648491]

>>49648091
This would effectively double the current amount of gold on the planet if true.
Yes, of course we panic.

[Anonymous No.49648547]

>>49632985
>i'm smaug the dragon, and my feet are SO big and stinky!
>i sure hope a.. hobbit doesn't come with his ring of invisibility and sniffs them, because that would be SO embarrassing
....
*sniff*
>OOOOHHH!!!

[Anonymous No.49649072]

Ugandan scientists just confirmed it's not ordinary ore but a metallic asteroid which hit the earth millions of years ago. The yield is expected to be extremely high, about 193.548 kilos per tonne.

[Anonymous No.49649350]

>>49630377
Should we tell him about the Grand Canyon?

[Anonymous No.49649397]

>>49645064
Not only did I not read the article, I also didn't read your post.

[Anonymous No.49649576]

For all you dipshits who didn't read, China is building a $200,000,000 gold refinery in Uganda because of this discovery.
>Hurr durr, math
They're Chinese, I trust their math better than you anons

Think about what this means beyond gold price for a moment
China spent decades spreading propaganda via biazuo college professors
>Helping Africans extract natural resource is exploitation!
>NO, that is immoral! Don't do!
Meanwhile, they're going full bore into every African nation with belt and road initiative
They're already on the ground, mining in the countries because it's profitable
And if there is a major discovery, they're on the ground floor
Then one of their mining operations finds *THIS*
This is way bigger than having a couple decade lead over the world due to a bombed out Europe
This qualifies as one of the biggest happenings in human history
Whoever controls these gold deposits will DOMINATE the world for centruries to come
Do you really think the United States is just going to sit by and let China take it?
There will probably be a nuclear war over this

[Anonymous No.49649691]

>>49628933
This anon is connecting the dots

[Anonymous No.49649868]

>>49649072
>Ugandan scientists

[Anonymous No.49650024]

>>49628960
Are you sure about that?

[Anonymous No.49650038]

>>49648491

Bullish for crypto. Watch a lot of that gold money move to Bitcoin.

[Anonymous No.49650124]

>>49629171
This is like saying that if we went and mined that golden asteroid in space, we would be trillionaires but when in fact the price would crater to dirt.

[Anonymous No.49650155]

>>49629190
The are gonna do what Blacks always do on payday, buy a 40oz, a pack of Newports and a new tattoo.

[Anonymous No.49650330]

>>49650038
Lolololol you crypto fags are irredeemably gullible

[Anonymous No.49650539]

>>49629129
the amBASADOr

[Anonymous No.49650657]

>>49649072
uhhhhh excuse me, try 20495 kilos per tonne

[Anonymous No.49650786]

>>49629066
this
what's uganda do about it

[Anonymous No.49651737]

>>49640477
Based

[Anonymous No.49652688]

>>49650038
I'm continually amazed by how fucking dumb cryptotards keep being. You simply existing proves that luck absolutely doesn't require intelligence.

[Anonymous No.49652728]

>>49628810

[Anonymous No.49652846]

>>49628850

Wakanda finna be real shieeeeet.

[Anonymous No.49653084]

>>49649576
Hmmm this could be a reason to stop gold reserves and have bitcoin reserves instead. The west with bitcoin and the east with gold

[Anonymous No.49653281]

>>49633389
>>49628810
>HAS TO BE PROCESSED
>Chinese
We are about to get a ton of shitty processed gold in the market soon aren't we
Imagine finding actual rock in a gold bar

[Anonymous No.49653544]

shorting 100x leverage team leader. The boomers will make us rich with their overpriced garbage.

[Anonymous No.49653630]

>>49628810
>>49628850
>>49628880
Hundred bucks. Says there's a big bank or hedge funds astroturfing, "omg sell pms now" so they can buy as much as possible. Idk maybe because EVERY asset class is crashing and there is no where else to go?
Get fucked.

[Anonymous No.49653852]

>>49653544
Sure you are. Be honest, 0 at 100x leverage is still zero crypto cuck

[Anonymous No.49653939]

>>49629115
>Changs
kek why did this get me so good

[Anonymous No.49653974]

>>49628810
>>49628850
>>49628880
>>49628889
That's like $23t worth of gold...
This will make them the richest people on the planet.

[Anonymous No.49654093]

>>49628933
This sounds more like the truth, otherwise, does any superpower already own Uganda? If not then I'm sure they will soon ..

[Anonymous No.49654220]

>>49628810
HAHHAHAHAHAHAHAHAH no.

[Anonymous No.49654469]

>>49629190
Is Venezuela a superpower with their owning of the largest amount of oil deposits on earth? Or is it a shithole?

[Anonymous No.49654915]

Bump limit
Panic has already seized the gold market on news of the Uganda strike
Get out now
You were warned

[Anonymous No.49655776]

>>49628810
What does Peter Schiff think of this?