Uganda’s gold discovery: What it could mean for crypto !!!

[landheer]

In my opinion, the discovery of gold in Uganda will not affect crypto . but indeed a lot of people who ask like that. but indeed there is nothing wrong with questions like that, because indeed with the discovery of gold in Uganda, many investors ask this question, because I myself as a beginner investor sometimes often think about gold that is found in Uganda. whether it has an effect on crypto or not. but now I think it will not affect crypto.

[Sithara007]

Details are not available and for me it just sounds like another wild claim. We need to remember that gold is pretty plentiful in the planet. But in most cases, it is not economically viable to mine it, because the quality of the ore is too low to make the operation profitable. The presence of gold in the ore ranges from around 10 to 40 grams per tonne in some of the high quality deposits, to 1 to 4 grams for low quality deposits. The lower the quality, the more expensive it gets to mine gold. Uganda hasn't yet provided any solid proof to claim that their gold deposits are profitable to extract.