What did Uganda discover? 31 million tons of gold ore, worth 12 trillion dollars. This is equivalent to 320,000 tons of refined gold, enough to reshape the global gold market landscape.
To be honest, if mining and smelting go smoothly, this wealth could completely transform Uganda's economy. A large influx of foreign investment is certain, but will global gold prices be driven down? It depends on how they handle these minerals.
The historical discovery of minerals at this level has also had significant geopolitical implications. Let's wait and see how Uganda plays this hand.
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What did Uganda discover? 31 million tons of gold ore, worth 12 trillion dollars. This is equivalent to 320,000 tons of refined gold, enough to reshape the global gold market landscape.
To be honest, if mining and smelting go smoothly, this wealth could completely transform Uganda's economy. A large influx of foreign investment is certain, but will global gold prices be driven down? It depends on how they handle these minerals.
The historical discovery of minerals at this level has also had significant geopolitical implications. Let's wait and see how Uganda plays this hand.