Should it? I don't know, but it will be. But not to the US (lol), but rather to the offshore banks of multinational corporations. Or does China have its dick in Uganda now?
Joseph Mitchell
Typically if you dump a bunch of something in the supply chain and the demand stays the same, the price goes down. If Uganda knows da wae, they will manage how fast they mine and sell it so as not to tank the price and watch it sell for cheap.
Aiden Jones
Checked. What would the prices look like? A rough guess?
No clue, I'd need to know more about the current supply.
Gavin Green
this is old news, Any Forums did the math weeks ago >estimated yeild is something like ~1kg/ton, most commercial mines is ~3 kg >entire deposit will take decades to mine and total will come out to 0.038% of global supply it's worse than a nothingburger. depending on oil prices, at somepoint within the next few decades it will cost more to mine+refine (via machinery) than the gold is worth. thats when you bring in the slaves.
Dylan Smith
Good on Uganda. Time for the USA to bring democracy to them!