Uganda says exploration results show it has 31 million tonnes of gold ore
Uganda on Wednesday said recent exploration surveys have shown it has gold ore deposits of about 31 million tonnes and it wants to attract big investors to develop the sector hitherto dominated by small wildcat miners.
I believe that these are just ores with unknown grade and neither has it been dug up nor refined.
Gold allegedly came from a super nova explosion along with other metals. Most if not all eons ago, possibly before life. So as time went by gold and other nifty things get pushed up to the surface as the Earth's crust etc... has a really active amount of change... There is probably gold all over the universe. A common theme in Sci Fi is that alien used us as mine slaves, and possibly upped our brainpower to make smart slaves. Also some people believe there are things like huge diamonds up to even planet sized out in space.
Quite a few videos about the minute amount of gold in Home Depot sand...
A dude that I used to work with, his dad sold some of that land to Disney. He didn't even know who the buyer was. They kept it under wraps with never ending llc's buying some small. Some big parcels of land for dirt cheap as most of it was just swampy, wetlands. Where was the EPA back then to protect the wetlands.
Yeah, was cattle land and a few groves...
Can easily believe this news. I know a friend who does Gold prospecting and these folks tell you that land is filled with Gold, all over the world. Every year he comes back with a decent haul.
Bix Weir from RoadToRoota has done a lot of research into the metal prices and Cabal shenanigans, and he has come to the conclusion that gold and silver price must be 1:1 based on real availability.
He also has theorized that Grand Canyon had shit tons of Gold and when Rothchilds found out about it, they got the government to suppress it, make it all into restricted park area, and was one of the important reasons for accelerating the plans for a Fed.
We might start seeing these kinds of news more and more often. For those who are collecting metals, I think a good way to go about is to hedge between gold and silver. Regardless of how much gold is there, both will shoot up in a free market since dollars are only 3% of what they were in 1913. So definitely no need for gold bugs to panic.
Gold is all over, even in your land, but in small amounts. Nature concentrates it. A lot of gold is probably deep in the bowels of the Earth, but only small amounts rise up to where we can mine it. I only got interested in precious metals recently, my nest egg is small since I retired early and built a house abroad. Back in the states, renting, and working. I am not trying to accumulate, I keep my nest egg at a certain value and will enjoy my earnings over that. I'm soon to be 65 and have no one I want to leave money to, my house abroad is for my wife... However, I don't want the meager amount to go poof!
Industry uses up silver, while gold mostly all around somewhere.
I have gold now, but have silver on the way, and since I rent, and may move back abroad, I like the portability of gold to conceal and carry.
As a kid I collected coins, but got away from it. I wish I'd stockpiled 90% silver coins.
For some reason I imagined reading this in the void of Ron Swanson
Yeah this is the biggest advantage for me with regards to gold.
Real money you can heft in your hand. One ounce bars and rounds are the sweet spot when it comes to retail markup. Stock gold for portability and silver for small transactions. The closer you get to spot price the better and view such as preservation rather than speculation.
However, less gold is mined every year, and all 4 precious metals have use besides as money. The two P's are used in catalytic converters as an example. Silver is more common, but actually is the most useful due to its antimicrobial properties, and it is also the best conductor of electricity by far.
Spot price of gold is @ $1971 , 31.1 grams to a troy ounce (63.38 a gram) 1 gram bar at a cheap online dealer is 80.49, more than 25% markup. 1oz bar is 2031.30 (65.33 a gram) around a 3% markup. Buying larger than 1 oz garners a very small savings and would be hard to barter. A 1 kilo gold bar is 64,180 (64.18 a gram) but who would have change?
Silver @ 23.77 an oz currently, 28.57 to buy a cheap 1 oz bar so about a 20% markup, however its considered a good barter metal and smaller change is readily available in pre-1964 silver coins (90% silver) denominated in 10,25,50 cents, 1.40 in those coins equals 1 oz. Stay away from lower percent silver coins, as they are considered too much trouble to calculate or to smelt.
As you can see you lose out when you buy, hence the wealth preservation term.
Gold Coins have a huge markup! 2,114 for a 1 oz gold eagle (not pure, but has 1 oz of actual gold)
Varying estimates, but a decent estimate, is that there is about 24T of gold with just over half in jewelry which is a small amount when viewed as a world currency, so gold should still hold good value even if Uganda's gold in the ground is true. I don't think so or the cabal would be there getting it all....