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144
Uganda discovers 31 million tons of Gold ore.
posted 4 years ago by Blind-fury 4 years ago by Blind-fury +144 / -0
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▲ 18 ▼
– Iknowstuff 18 points 4 years ago +18 / -0

In unrelated news Monkey Pox has consumed the population of Uganda and China has arrived to help. /s

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– cyberrigger 2 points 4 years ago +2 / -0

The last time they wanted to scare people out of gold

it was mining asteroids for gold.....

I would be looking for a run in gold.

It gets to where these bullshit stories don't work anymore.

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▲ 18 ▼
– VoatAnon1984 18 points 4 years ago +18 / -0

Uganda is now richer than the USA

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▲ 9 ▼
– deleted 9 points 4 years ago +9 / -0
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– 11Jeffs 4 points 4 years ago +4 / -0

Technically, how do we even know they have the amount of gold they say they do?

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– deleted 3 points 4 years ago +3 / -0
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– Quixotic 4 points 4 years ago +4 / -0

Really it may just be a foil for gold price increase

“Price suppression? That’s a conspiracy theory - this is a supply/demand situation. Look at all the supply!”

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– Lapstrake 10 points 4 years ago +10 / -0

So I guess they won't be needing nearly $1 Billion of our tax dollars per year any more, huh? Keep in mind that only 74 Million USA residents actually pay any income tax. When they piss away $40 billion to Ukraine or anything, do the division to see how they are taking from you, and/or borrowing in your name.

U.S. Assistance to Uganda

The United States provides significant health and development assistance to Uganda, with a total assistance budget exceeding $950 million per year. The U.S. government plays a key role in improving health outcomes by strengthening Uganda’s capacity to sustainably address emerging health threats, tuberculosis (TB), malaria, maternal/child health, family planning, and HIV/AIDS (including by providing anti-retroviral treatment for more than 1.2 million Ugandans). Our assistance also focuses on boosting economic growth and agricultural productivity, including through improving educational outcomes; and supporting democratic governance through inclusive, accountable institutions. The U.S. mission is working with the government of Uganda to improve tax collection and oil revenue management, and to increase Uganda’s domestic funding for public services and the national response to HIV/AIDS.

https://www.state.gov/u-s-relations-with-uganda/

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▲ 2 ▼
– RC22 2 points 4 years ago +2 / -0

Wow 950 million for poor starving people and 40 billion for Ukraine to squander away

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▲ 8 ▼
– deleted 8 points 4 years ago +8 / -0
▲ 8 ▼
– MoLibertyson 8 points 4 years ago +8 / -0

And trying to kill everyone on the USS Liberty.

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– Hogbutcher 1 point 4 years ago +1 / -0

And being jewish.

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▲ 4 ▼
– Hodar 4 points 4 years ago +4 / -0

31,000,000 tons Say the ore is high grade, which is 8-10 grams/ton; let's be generous and say 10 grams/ton.

1 gram = 0.0022 lbs; so 10 grams would be 0.02 lbs/ton of Gold

31,000,000 tons x 0.02lbs gold/ton = 620,000 tons of gold 620,000 tons gold x 2000 lbs/ton = 1,240,000,000 lbs 1,240,000,000 lbs x 14.53 = 18,017,200,000 troy oz. Value at today's price of $1,648 yields $29.692 Billion

Do you image Uganda will be as generous with their wealth, as other developed countries have been to them?

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▲ 3 ▼
– Hogbutcher 3 points 4 years ago +3 / -0

Free solid gold neck stretchers and lip plates for every citizen!!

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– GA_Logic 2 points 4 years ago +2 / -0

Uganda could become a localized superpower in a hurry if that yield from those ore deposits are high grade.

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– deleted 4 points 4 years ago +4 / -0
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– Lapstrake 9 points 4 years ago +9 / -0

https://www.msn.com/en-xl/africa/africa-top-stories/uganda-announces-discovery-of-huge-gold-deposits/ar-AAYdOsQ

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– deleted 3 points 4 years ago +3 / -0
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– deleted 2 points 4 years ago +2 / -0
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– JackArrow 3 points 4 years ago +3 / -0

https://www.thecitizen.co.tz/tanzania/news/east-africa-news/uganda-announces-discovery-of-huge-gold-deposits-3842400

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– deleted 2 points 4 years ago +2 / -0
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– deleted 4 points 4 years ago +4 / -0
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– Vapourface 3 points 4 years ago +3 / -0

Reminder: THEY want the price of Gold to stay the same, this "discovery" happens right as they were running out of paper gold games to keep the price stable to look like we aren't in a financial Armageddon scenario... The demand for a discovery was extremely high. Will the actual output of physical gold happen? that is the real test.

On the other hand, maybe the cabal control and aid-money was to keep the gold under wraps, and now a new plan is in play? It was hidden by corruption and now the corruption is gone? I don't know enough about Uganda..

Timing is notable.

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– deleted 2 points 4 years ago +2 / -0
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– BubberDude 3 points 4 years ago +3 / -0

Say raw ore yields say 1% pure gold that's $16 trillion at current prices... Did I do that math right?

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– deleted 8 points 4 years ago +8 / -0
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– hope4gaia 2 points 4 years ago +2 / -0

God help them! No-one else can.

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– M25WhiteFeather 2 points 4 years ago +2 / -0

Uganda also happens to be the country to which our (Sri Lanka's) dollar reserves disappeared into via a suspicious set of flights from our flag-carrier, Srilankan.

The more you know.

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– deleted 2 points 4 years ago +2 / -0
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– inquimous 2 points 4 years ago +2 / -0

But how rich is the ore? Could be only a gram per ton.

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– VetforTrump 2 points 4 years ago +2 / -0

If you can validate its there it doesn't have to be mined to be used to back currency. If u leave it they can't move it.

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– deleted 2 points 4 years ago +2 / -0
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– MileHiLife 2 points 4 years ago +2 / -0

I, for one, would like to Welcome our new Masters

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