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Uganda discovers 31 million tonnes of gold worth $12 trillion

  • 13-06-2022 5:01pm
    #1
    TheWonderLlama
    Registered Users, Registered Users 2 Posts: 644 ✭✭✭


    LoL,

    Uganda looking very much like they are going to have democracy and freedom installed very soon.

    Uganda has announced that it has struck a deposit of 31 million tonnes of gold ore, with extractable pure gold estimated to gross 320,000 tonnes.

    President Museveni broke news of the find in his State-of-the-Nation Address yesterday, but provided little detail, pointing in general that the gemstones would fetch the country more than $12 trillion.


    https://www.monitor.co.ug/uganda/news/national/uganda-announces-huge-gold-deposits-3841862


    This should make all the other gold go down in price, right? since its supposed to be valued on its rarity.

    Post edited by TheWonderLlama on


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