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/biz/ - Business & Finance

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50252831 No.50252831 [Reply] [Original]

Ok guys let's say this $12,000,000,000,000 worth of gold they've found actually IS real, what now? Are they about to implode? Will they be destroyed by outside influence? Will this be the big economic crash?

>> No.50252855

>>50252831
Would be a perfect time to get the world back on a gold standard.

>> No.50252858

its not real and this story is gayer than aids

>> No.50252884

>>50252855
That entire story is bullshit, but, it would actually be nice to find some major deposits (which there are fewer of) so that the stock to flow ratio could prevent deflationary shocks, and we can restart a monetary system that isn't so retarded.

>> No.50254741

>>50252831
>Ok guys let's say this $12,000,000,000,000 worth of gold they've found actually IS real, what now?
>A purity of 10 kg pure gold per tonne of ore
How retarded do you have to be to start a thread like this?

>> No.50254767

>>50252831
They should just tokenize the gold. Leave it in the ground, don’t even get it out, just sell the gold in the Earth for 15 trillion.

>> No.50254814

>>50252884
Only retarded if you're some faggot who wants to continue feeding niggers.

>> No.50255211

>>50252831
>BREAKING: Gold inflation rate pumps a MASSIVE 0.01% a year
>IT'S ALL OGRE
>GOLDCHADS ON SUICIDE WATCH

>> No.50255212
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50255212

South Africa spammed Krugerrands to all of its trading partners during the 1960s to 80s when they found huge deposits of gold in their country, amounting to well over $12 trillion. It made them very wealthy and the global elite got real butthurt over it, hence they sanctions against them with the guise of 'muh racism' as cover. Uganda would likely limit the supply of gold so they could build up their nation like what Saudi Arabia and the oil rich countries do. $12 trillion isn't even that much, that's roughly $250,000 per citizen. hardly a dent in the global market, if they spread that out over 10 years.

>> No.50255226

>>50252831
i love when people post about this stupid uganda gold crap
it proves they have no idea about mining, gold, or PMs in general

>> No.50255445

>>50252831
uganda needs freedom
now

>> No.50255587
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50255587

>>50252831
This same story and thread again.

>> No.50255671

>>50255212
All the niggers over there could have grills and chains!

>> No.50255757

>>50252831
It's not real, it's a story concocted by hedge fund kikes so the options on gold futures they sold expire worthless

>> No.50257989

>>50252831
>+12 trils to supply
gold will just dump like shit

>> No.50259637

>>50252831
>be Ugandan
>rent chopper from white man
>fly over land
>"hm! lots of land"
>"must be many gold here"
>do some stick in the mud calculations
>Uganda has de gold of 12 trillion

>> No.50261107

>>50252831
It's not real. It's fake exaggerated news created by the bullion banks and/or various government actors to drive the price of gold down, strategically timed just as DXY is going up. Meanwhile, physical gold and silver is leaving COMEX vaults at record speeds. Banks and insiders are loading up on the real deal. Fearful retail traders are selling into the bottom and spiteful crypto bagholders are laughing, not understanding what comes next.

>> No.50261303

>>50252831
Honestly, the 1849 gold rush turned the US into an economic powerhouse. We had a dirt poor subsistence economy until then.
China will not let that happen to another dirt poor subsistence economy again.