Apparently Uganda has found new gold deposits

Discussion in 'Gold' started by Bullion_ron, Jun 24, 2022.

  1. Bullion_ron

    Bullion_ron Well-Known Member Silver Stacker

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    1for1 and jultorsk like this.
  2. Davros10

    Davros10 Well-Known Member Silver Stacker

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    Ag bullet likes this.
  3. Shlomo Goldberg

    Shlomo Goldberg Well-Known Member Silver Stacker

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    Regime change brewing
     
    Real $ likes this.
  4. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Get Ready For The Rumble In The Jungle!

    It will be a scramble between the Anglo-Amerikan Plantation Corporations and the Chinese to see who
    shares the loot with the corrupt local dictator overlords while the peasants get nothing out of the discovery.

    Same as it ever was.
     
    Last edited: Jun 26, 2022
  5. Real $

    Real $ Active Member Silver Stacker

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    Sceptical on this, the timing is highly coincidental amongst all the economic factors coexisting at the moment. Uganda has history of corruption in the mining sector, a new presidency is upcoming and this undermines the fundamentals of gold and countries that are backed by real commodities...like Russia. If true at the very least the facts and figures are murky at best and imo highly exaggerated.
     
  6. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    here there everywhere
    I have a geologist looking into it .
    Initial response was.
    Don't invest overseas.
     
  7. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    "sitting on more gold than has EVER been extracted"

    Smells just like Bre-X/Indoensia all over again...
     
    Last edited: Jul 25, 2022
    dollars and mmm....shiney! like this.
  8. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Sovereign risk can be overblown, always worth investigating regardless if it's overseas.
     
  9. Bullion NetWork

    Bullion NetWork Member Commercial Member

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    I deny your reality & replace it with mine :p
    I'll stick with what my geologist mate says .
    Instead of investing in a gold mine in Africa ,which I believe the US war machine will attack "IF it's really there "
    I don't believe the US war machine will let them have it ;)
     
    Real $ and mmm....shiney! like this.
  10. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Does pong a bit - of begonias and chrysanthemums. :p

    https://www.nasdaq.com/articles/uga...results-show-it-has-31-mln-tonnes-of-gold-ore

    A bit on Wagagai:

    https://www.wagagai.com
     
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  11. Real $

    Real $ Active Member Silver Stacker

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    It has to be exaggerated or mishandled stats whether intentionally or accidentally the amount quoted is more then has ever been mined in history of the earth. The only articles I've seen are through more obscure media and also crypto journals.
     
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  12. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Biggest deposit on Earth and never been found. Sounds like a story only a prospector would tell.
    "A mine is a hole in the ground and its owner is a liar"
    -Mark Twain
     
  13. GOLD1

    GOLD1 Well-Known Member

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    I think there are more gold in the ocean floor.... who can justify?
     
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  14. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Anyway.
    I call BS.
    If there is a big deposit there.
    The American war machine will have it's way.
    Not a hope in hell will the locals prosper from it .
    History.
     
    Real $, GOLD1 and adze67 like this.
  15. Oddjob

    Oddjob Well-Known Member Silver Stacker

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