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Re: The GOLD scream room
Posted: Thu Jun 16, 2022 6:05 pm
by whatchamacallit
Story sounds suspicious.
Found this article from last year that says otherwise.
But the East African nation itself is not rich in resources. Much of this gold comes from neighboring countries, spirited across the border by shadowy smuggling networks. Uganda’s central bank estimated in 2019 that only about 10 percent of the gold flowing out of Uganda was actually mined in the country
https://www.worldpoliticsreview.com/art ... s-bustling
Re: The GOLD scream room
Posted: Fri Jun 17, 2022 3:32 am
by barrett
Agree with whatchamacallit that the story is probably way off in some way. Ugandan miners having found more gold that what currently exists (mined, above ground, etc.) doesn't pass the sniff test... along the lines of, "Did I say 320,158 tonnes? I meant 3.20158 tonnes. My bad!!"
Re: The GOLD scream room
Posted: Fri Jun 17, 2022 5:51 am
by dualstow
I haven’t watched it, but there’s a video on youtube called
Questions raised about quantity of Uganda’s gold exports
from June 10, 2022
Also, the story of the find hasn’t been picked up by a major paper.
Re: The GOLD scream room
Posted: Fri Jun 17, 2022 6:08 am
by Jack Jones
Muyita said an estimated 320,158 tonnes of refined gold could be extracted from the 31 million tonnes of ore.
Could be
My understanding of gold mining is that the extractability of gold varies. So they may be saying that if money was no object, they could extract that much. But how much is economically viable for extraction is another matter.
Re: The GOLD scream room
Posted: Fri Jun 17, 2022 8:35 am
by whatchamacallit
Re: The GOLD scream room
Posted: Fri Jun 17, 2022 1:36 pm
by dualstow
I’m kind of glad it’s turning out to be BS. I don’t want that amount of gold ore to be discovered. At least not all at once.
In other news, I just discovered 10 fifillion dollars worth of crypto on my desktop computer. And it’s for sale!
Re: The GOLD scream room
Posted: Mon Jun 20, 2022 8:06 pm
by whatchamacallit
Some more on Uganda gold discovery.
https://youtu.be/wNSZ_VIHlWk
Re: The GOLD scream room
Posted: Tue Jun 21, 2022 6:44 am
by dualstow
Switzerland Imports Russian Gold for First Time Since War
More than 3 tons of gold was shipped to refining hub in May
https://www.bloomberg.com/news/articles ... e-invasion
Re: The GOLD scream room
Posted: Fri Jun 24, 2022 1:44 pm
by dualstow
Recieved a “random year” sale krug in the mail which turned out to be a shiny 2022.
Still, I wouldn’t have ordered it if I had known so many surprise expenses would pop up this season. Joys of home ownership.
Re: The GOLD scream room
Posted: Thu Jul 14, 2022 12:55 pm
by Smith1776
dualstow controls the global gold price?
Re: The GOLD scream room
Posted: Thu Jul 14, 2022 1:01 pm
by Xan
Smith1776 wrote: ↑Thu Jul 14, 2022 12:55 pm
dualstow controls the global gold price?
Wait, didn't we tell you?
Re: The GOLD scream room
Posted: Thu Jul 14, 2022 2:12 pm
by Smith1776
That explains a lot.
Re: The GOLD scream room
Posted: Fri Jul 15, 2022 7:29 am
by dualstow
Enjoy the sale?
Re: The GOLD scream room
Posted: Fri Jul 15, 2022 8:35 am
by dualstow
The only snag is that it feels like the sale may extend beyond our lifetimes.
Re: The GOLD scream room
Posted: Fri Jul 15, 2022 9:16 am
by mathjak107
Falling asset prices may represent no sale …they are only worth what they are worth until worth more or less …
Since assets spend 80% of their time somewhere between the last low and last high that sale can still be buying at a high price
Re: The GOLD scream room
Posted: Fri Sep 09, 2022 6:21 pm
by johnnywitt
I can see two things that are negatively impacting the GOLD Price: Bitcoin & the USD. A lot of Folks think that Bitcoin is Digital Gold (NOT) and the strong dollar is a well known historical headwind for the 'Barbarous Relic'.
Re: The GOLD scream room
Posted: Fri Nov 04, 2022 10:32 am
by Kbg
How many times do we get to say gold is up nicely today!?
There, it was said.
Re: The GOLD scream room
Posted: Fri Nov 04, 2022 4:28 pm
by Dieter
Kbg wrote: ↑Fri Nov 04, 2022 10:32 am
How many times do we get to say gold is up nicely today!?
There, it was said.
More often than “LTTs are up nicely today”
Re: The GOLD scream room
Posted: Fri Nov 04, 2022 4:28 pm
by Dieter
Dieter wrote: ↑Fri Nov 04, 2022 4:28 pm
Kbg wrote: ↑Fri Nov 04, 2022 10:32 am
How many times do we get to say gold is up nicely today!?
There, it was said.
More often than “LTTs are up nicely today”
But, yes, nice to see
Re: The GOLD scream room
Posted: Fri Nov 04, 2022 5:09 pm
by Ugly_Bird
Kbg wrote: ↑Fri Nov 04, 2022 10:32 am
How many times do we get to say gold is up nicely today!?
There, it was said.
I hope it is finally time to shine :-)
Re: The GOLD scream room
Posted: Tue Nov 08, 2022 10:06 am
by dualstow
Wow, when did gold creep up into the 1700s
Re: The GOLD scream room
Posted: Tue Nov 08, 2022 1:46 pm
by Kbg
dualstow wrote: ↑Tue Nov 08, 2022 10:06 am
Wow, when did gold creep up into the 1700s
On the downside...bonds, stocks and gold are all moving in lock step. As of late we are getting zilch diversification.
Had to bring in some shade on the little ray of light I introduced. :-)
Re: The GOLD scream room
Posted: Tue Nov 08, 2022 2:16 pm
by Ugly_Bird
Kbg wrote: ↑Tue Nov 08, 2022 1:46 pm
dualstow wrote: ↑Tue Nov 08, 2022 10:06 am
Wow, when did gold creep up into the 1700s
On the downside...bonds, stocks and gold are all moving in lock step. As of late we are getting zilch diversification.
Had to bring in some shade on the little ray of light I introduced. :-)
Bonds still should go down if the feds keep bumping up the rates. And if other components stay the same or go up, there will be a chance to rebalance and buy more LTTs. I'm at 16.8% for those, pretty close to 15%. Probably sometimes before February?
Re: The GOLD scream room
Posted: Tue Nov 08, 2022 4:02 pm
by dualstow
Kbg wrote: ↑Tue Nov 08, 2022 1:46 pm
dualstow wrote: ↑Tue Nov 08, 2022 10:06 am
Wow, when did gold creep up into the 1700s
On the downside...bonds, stocks and gold are all moving in lock step. As of late we are getting zilch diversification.
Had to bring in some shade on the little ray of light I introduced. :-)
Yeah, over the past 12 years that I’ve been paying attention it is too often the case, it seems. Lockstep.
Re: The GOLD scream room
Posted: Thu Nov 10, 2022 10:06 am
by dualstow
1750. Lockstep