Uganda Discovers the Largest Gold Reserves in History! 31M Tones of Gold Ore! Doubles World Supply!
In 2011, Gold was valued at $1,573 per ounce USD. Today that same Gold ounce is valued at $1,923 USD. An appreciation of $350 over 12 years. But is it? The US Dollar loses approx. 14% of its value each year, or 50% of its value over 5 years. Gold should be worth over $5,000 per ounce when inflation is factored in. So what happened? 🤔
This Uganda discovery that effectively doubled the world's supply of Gold will cripple the appreciation of Gold value for centuries to come. And there is no guarantee that with new mining and surveying techniques, more large deposits wont be found.
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