Gold has an inflation bug

Gold has an inflation bug

mining.com/web/uganda-says-exploration-results-show-it-has-31-million-tonnes-of-gold-ore/

Attached: Screenshot_20220724_022245.png (1145x586, 602.86K)

>he reads precious metals digest for fun
ngmi

here come the flashminers

That was proven to be fake news, probably FUD created by central banks.

Let me know when they are producing until then it's a nothing burger.

>ore
nothingburger
Good luck setting up a mining operation in Uganda of all places

>Uganda says

>Believing chinese companies that fly over a region and guess about gold ore.

Are you actually retarded, or just mildly autistic?

Kek

>uganda
>gold ore

>Keep hodl diam... I mean gold hands my fellow shiny rock tranny sisters lfg only 20-40 more years and we can finally have our 4x crypto cucks will seethe!!!1!!!1!!!!!

Attached: 1639138753605.png (1248x878, 239.52K)

This
> Africa
> Gold
It’s literally everywhere there.
Good luck ever getting any of it mined let alone exported.

>gold ore
It's like 99% worthless rock, user

Looks like a shitcoin that pumped in 2017 then got a sympathy pump in 2021

Chinks already have a $200million facility up and running. Should have a couple hundred tonnes of refined gold EOY.

>dude just buy le btc dip, it's gonna go to one zillion dollhairs

yes. good advice

>bro (african accent) we flew a helicopter with a remote sensor over a mountain and it said we have more gold that has ever been mined before in the combined history of every nation for all time
Yeah, very believable.

Thanks for the advice this is actually true.

Attached: 1656931857180.jpg (2187x855, 276.65K)

>shills immediately reply YES PLEASE BUY LE CRYPTO
Nah. Still buyin gold/silver thanks. And at least one Texas billionaire agrees with me

>This so much this my fellow shiny rock tranny.

Attached: 1647506758873.jpg (1170x2532, 628.96K)

>Gold ore typically contains 1 gram per ton on average
>31 million grams or 1 million ounces of Gold can be refined from this deposit
>Total value of Gold mined would be around 1.7B at current prices
>A mere drop in the ocean of Gold's 11 trillion dollar market cap
Barely news.

Attached: 6F239238-F536-4A96-BEFA-F68275842550.png (705x800, 320.98K)

they are claiming it's something like 10 times richer than the richest ore ever mined.

>and this is assuming it can be mined, which it cannot, because uganda is a war-torn shit hole