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.
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.