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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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50098454 No.50098454 [Reply] [Original]

uhh, precious metals bros?

>> No.50098487

congrats on 2x market cap

>> No.50098500

>>50098454
Reverse halving

>> No.50098594

>>50098454
mining is a good thing. it has to come from somewhere.

>> No.50098637

>>50098454
a ugandan prince emails you with an offer of $12 trillion in gold from the largest and richest gold deposits discovered in the last century. all he asks in return is a small investment of $10 billion in infrastructure and mining development in his country. do you accept his most generous offer?

>> No.50098638

uhh, bros why are prices stable still when there is an article making claims of claims?

lol this shit has been out for months.

>> No.50098661

>>50098454
it could take 15 years to build a producing mine if that deposit is economical and able to mined and if they get the permits and if it even exists, which it probably doesn't

>> No.50098770

>>50098454
>uhh, precious metals bros?
This thread again. The Ugandans claim a purity of 10 kg gold per tonne or 1%. A grade that is considered very high for a regular mine is 10g / tonne. That is 1000 times less. Everyone who responds to this thread after me is as much as a retard as OP and will also be cursed with financial losses.

>> No.50100056

>>50098454
How are 320 tons of pure gold worth 12 trillions? Who did the math on this? Women??

>> No.50100099

>>50098637
kek
This kills the fud

>> No.50100128

>usa: we care about uganda real bad now haha

>> No.50100138
File: 165 KB, 250x216, gold.gif [View same] [iqdb] [saucenao] [google]
50100138

>>50098454
>uganda
>"ore deposits"
>worth trillions

>> No.50100142

it's over

>> No.50100165

>>50098454
Theres no technology so see the real amount of underground gold, they probably found a lot, but the title is clickbait.

>> No.50100166

I, too, get all my information from blogs with anonymous authors and terrible typography.

>> No.50100209

>>50098770
>The Ugandans claim a purity of 10 kg gold per tonne or 1%. A grade that is considered very high for a regular mine is 10g/tonne. That is 1000 times less
Lol I’m not sure what you’re trying to say but 10kg/tonne is more than 10g/tonne

>> No.50100223

Silver chads win again

>> No.50100250

>>50098594
>>50098637
>>50098638
>>50098661
>>50100165
>>50100166
Coping /pmg/ boomers. I’m not saying the article is legitimate or not but Jesus Christ your shiny rocks are clearly not going to be able to save your finances.
They didn’t preserve wealth through inflation altho I’m sure some dishonest idiot here can skew some numbers together to make it look that way.

>> No.50100281

>>50100209
Trust the Ugandans when they say their mine has 1000x purity of an ordinary good mine

>> No.50100291

Is that an estimate of material value or does it include cost of mining, refinement, jew fee, etc.

>> No.50100496

>>50100291
>trace outline of country down to the core of the earth
>include your countries share of the estimated gold in the core
>ignore feasibility of mining the core
>announce your country has zillions in gold deposits

>> No.50100536

>>50098454
It’s okay, of course biz investors are happy to own a commodity with unknown max supply that apparently is owned mostly by poor African countries.

>> No.50100578

>>50098454
Fake news made up to dump the price, didn't even do the job

>> No.50100613

>>50100536
yes, a commodity. something bitcoin will never be.

>> No.50100675

>>50100250
I wish i could buy some PMs, theres a reason why central banks hold it, eventually every fiat dies.

>> No.50100711

>>50100138
The retards did the math wrong. 31-32 mil tons of gold ORE with 10-11 grams of gold per tone is around 300 something tons of gold, not 300.000. Lol. How can these journalists parrot this shit? Don't they check the facts?

>> No.50100731

>>50100209
No such thing as 10 kg/ton ore. All over the world its 10 grams more or less.

>> No.50100730

>>50098454
Anyways /biz/ I will be putting my LUNC bags once it moons into ugandan gold

>> No.50100746

>>50098500
Also called doubling

>> No.50100748

UGANDA MORE LIKE WAKANDA AM I RITE NIGGERS???

>> No.50100779

>>50098454
>scientists say
>experts say
>trust the science

>> No.50100780

>>50098454
this is your sign to invest in MATIC and not boomer rocks.

>> No.50101986

>>50098454
ACTION IS COMING

>> No.50102315
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50102315

>>50100250
>but Jesus Christ