Gold is a result of a supernova star explosion that deposited gold all over the earth. Geological activity has concentrated it in certain areas, but I doubt that much gold concentrated in a tiny country. Probably DS trying to devalue gold due to the move back to gold from oil as a backer of currency. They want people trapped in the stock market.
This itself is an instant Fed killer. Too much gold. Uganda was relieved by Ubuntu Linux money until now. Tomorrow, they own 21 thousands billions of dollars in gold.
That is 31 million tons of rock with veins of gold. The actual gold is only estimated to be 320,000 tons. But even that seems extremely optimistic, and something that large will take decades or even centuries to mine out of the ground.
I've been around gold miners enough to know very high grade ore is still a small fraction of 1% and they all exaggerate (lie about) what they've got! That's a lot of waste material to dispose of, it's a messy business. Iron does run 70% in that big red Australian mountain range.
A typical yield is about 30g of actual gold per ton of ore for a good mine. A very small fraction of 1%. These guys are claiming 10kg of ore per ton of rock. That has never been found at scale anywhere on the planet.
I think someone is blowing smoke. I don't think it is a coincidence either that it came on Jun 8, just a week before the Fed tried to raise the rates.
Was just visiting an old gold mine today. I believe the person said 1 ton of ore produced a little over an ounce of gold. So the 70% is off by a huge amount. If I did my math correct that's about 0.003% gold from raw ore. Now this guy might have been stating numbers from when the mine was started, somewhere around the late 1800's early 1900's. But regardless, there's no way you're going to get 70% gold out of gold ore.
Is the gold cache the IRL version of Wakanda and vibranium?
I've done a lot of research on the value of collodial silver and gold nutritionally. If Trump, Musk, Q Team, etc can somehow influence what happens from here, is this what powers the medbeds or vaccine antidotes?
Uganda will be in the news. Listen for this and listen to what happened there. Uganda, many evil things have happened in your land, things that were hidden that you didn't know. The elites thought this would be a safe place to hide those things they didn't want released, but they didn't know they can't hide anything from Me, saith the Lord. A great discovery will be found. Yes, listen and watch to see what comes out of this. To all enemies of Almighty God, your time to fall is now.
Makes me wonder if this is Uganda's way of saying "we're also going asset backed currency".
Fed stated they need to go digital currency to maintain the dollar's international primacy. I wonder if the Fed is worried about all these countries going asset backed
This sounds like the Caspian Sea Basin oil and gas reserves that were greatly exaggerated. It got us involved in the region. Afghanistan was chosen as the route for an oil pipeline that fed into western India and the the port of Karachi on the Indian Ocean. This is how the US really got involved militarily in Afghanistan with the aid of the NYC FF.
Remember, Khadafi and Libya? It was about its 'sweet' oil and the many tons of gold that Muammar Khadafi built up over the years and the basis for a pan-African currency. The international fractional reserve banking system didn't like that idea.
What's in store for Uganda and Africa? Why did Biden send troops back into Somalia? Something about to happen in Africa? Does it have something to do with many African nations rejecting the recent WHO take over governments through vaxxxine fiat?
Try to connect recent moves with this rather odd report and it suggests the Cabal's next move.
Uganda just put a "kick me" sign on their back.
Gold is a result of a supernova star explosion that deposited gold all over the earth. Geological activity has concentrated it in certain areas, but I doubt that much gold concentrated in a tiny country. Probably DS trying to devalue gold due to the move back to gold from oil as a backer of currency. They want people trapped in the stock market.
So pull from stock market and bear on gold?
I bought a bit of gold but still have DWAC stock.
I am baffled as to why they would announces this. This must be something that has been known about for awhile.
Another place everyone will be fighting over.
This itself is an instant Fed killer. Too much gold. Uganda was relieved by Ubuntu Linux money until now. Tomorrow, they own 21 thousands billions of dollars in gold.
That is 31 million tons of rock with veins of gold. The actual gold is only estimated to be 320,000 tons. But even that seems extremely optimistic, and something that large will take decades or even centuries to mine out of the ground.
I got a bridge for sale.
I've been around gold miners enough to know very high grade ore is still a small fraction of 1% and they all exaggerate (lie about) what they've got! That's a lot of waste material to dispose of, it's a messy business. Iron does run 70% in that big red Australian mountain range.
A typical yield is about 30g of actual gold per ton of ore for a good mine. A very small fraction of 1%. These guys are claiming 10kg of ore per ton of rock. That has never been found at scale anywhere on the planet.
I think someone is blowing smoke. I don't think it is a coincidence either that it came on Jun 8, just a week before the Fed tried to raise the rates.
It’s a scam to create cover for the continuation of suppression of gold prices as though it’s an oversupply issue.
Was just visiting an old gold mine today. I believe the person said 1 ton of ore produced a little over an ounce of gold. So the 70% is off by a huge amount. If I did my math correct that's about 0.003% gold from raw ore. Now this guy might have been stating numbers from when the mine was started, somewhere around the late 1800's early 1900's. But regardless, there's no way you're going to get 70% gold out of gold ore.
Seems to be invester bait for dumb investors with too much money and no common sense.
"expects to mine and start refining at least 5,000 kilogrammes of gold a day in Busia by the close of this year"
Impossible. 5 tons a day??? By the end of this year? On a new deposit with no infrastructure in a dense jungle? I call BS on this.
Show me
We're going to invade soon for a "peacekeeping mission."
This is a trap to lure the deep state.
64 million for 1 tonne of gold
Read article. IF IF IF IF IF IF IF , Ahem, if accurate. Just saying.
Prepare for Deep State invasion in 3….2…..1…..
Exactly! And look for massive civil war to break out in Uganda.
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.
https://www.state.gov/u-s-relations-with-uganda/
I’m sure that means they’d pay it back right? Right?
Hah at the very least this aid should be cut... And shouldn't have been given so freely in the first place.
Is the gold cache the IRL version of Wakanda and vibranium?
I've done a lot of research on the value of collodial silver and gold nutritionally. If Trump, Musk, Q Team, etc can somehow influence what happens from here, is this what powers the medbeds or vaccine antidotes?
Haha, that's what I thought. It's like wakanda became real. Kek
Post 2619
"Gold shall destroy the Fed"
You guys are slipping. ;)
WOW
From Julie Green Ministries 3/24/2022
Uganda will be in the news. Listen for this and listen to what happened there. Uganda, many evil things have happened in your land, things that were hidden that you didn't know. The elites thought this would be a safe place to hide those things they didn't want released, but they didn't know they can't hide anything from Me, saith the Lord. A great discovery will be found. Yes, listen and watch to see what comes out of this. To all enemies of Almighty God, your time to fall is now.
How long until Hillary’s brother gets a license to Mine it?
Makes me wonder if this is Uganda's way of saying "we're also going asset backed currency".
Fed stated they need to go digital currency to maintain the dollar's international primacy. I wonder if the Fed is worried about all these countries going asset backed
Who's mining it because we should all invest in that company. It's not HYMC as of now.
This is comms. As many comments have stated 31 million is improbable. So what does 31 mean in terms of comms?
13 = bad luck 31 = 13 reversed = bad luck reversed
What this article is basically saying is that Uganda is transitioning towards a gold standard and not getting wrecked by the US Dollar anymore
This sounds like the Caspian Sea Basin oil and gas reserves that were greatly exaggerated. It got us involved in the region. Afghanistan was chosen as the route for an oil pipeline that fed into western India and the the port of Karachi on the Indian Ocean. This is how the US really got involved militarily in Afghanistan with the aid of the NYC FF.
Remember, Khadafi and Libya? It was about its 'sweet' oil and the many tons of gold that Muammar Khadafi built up over the years and the basis for a pan-African currency. The international fractional reserve banking system didn't like that idea.
What's in store for Uganda and Africa? Why did Biden send troops back into Somalia? Something about to happen in Africa? Does it have something to do with many African nations rejecting the recent WHO take over governments through vaxxxine fiat?
Try to connect recent moves with this rather odd report and it suggests the Cabal's next move.
GOLD WILL DESTROY THE FED???
that much.. will it lower the price of gold?
A lot. Back in the eighties, they said all the gold on Earth could be kept in a 17m high cube. These 320000 tons are a 25m high cube.
Sources: https://www.traditionaloven.com/metal/gold-converter.html And https://www.calculatorsoup.com/calculators/algebra/cuberoots.php.
Gold value just got lowered by 3 quarters as 25^3 = 3 x 17^3 …
Excuse me but I am kind of stupid with math.
17m high cube but what are the dimensions of the (a) cube. Is it one cubic meter?
A cube would be entirely equal on all sides
Stupid me. Now I understand.
If it is a cube 17m high, then the width and length are also 17m.
Okay, wow I can't believe I did not see that.
It will take decades or possibly centuries to mine it. There is going to be very little immediate effect.
Immediate like "In our lifetimes"
And just like that for some reason the people now demand socialism.