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July 7, 2022 | Gold Discovery in Uganda Rocks the World
Martin Armstrong
QUESTION: OK. How did Socrates know that they would find 31 million tonnes of gold in Uganda to create a bear market? I really want to hear this one.
Thanks
DH
ANSWER: I believe that the answer lies in the very same reason I found it has been able to forecast war. Someone has information BEFORE it becomes public. That then impacts the capital flows and market movements. The computer is monitoring everything and it is picking up the very subtle trends that are every so insignificant to the eye. You are too caught up in the fundamental nonsense. The movie, The Forecaster, showed that the government wanted the source code. To produce such a film, they have to have liability insurance. Llyods of London insured the film and EVERY allegation had to be documented to them in order to even do that film.
This is why some people trolling for the “establishment” or for “government” are so desperate to prevent t people from looking at Socrates. They want you to buy the BS and the lies to keep you blind to reality. They are like pretend fact-checkers like SNOPES who swore that there was no validity to COVID being produced in a lab – it was a natural evolution. Every one of the so-called fact-checkers are funded by the very people they claim to be fact-checking.
Socrates is monitoring everything. Here is the Silver to gold ratio. Notice it is NOT a straight line. This is because, throughout history, the gold and silver discoveries have not taken place at the same time. Hence, the ratio fluctuates wildly since 1792.
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Martin Armstrong July 7th, 2022
Posted In: Armstrong Economics
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An estimate – a high quality underground gold mine will yield 8 to 10 grams of gold per tonne of gold ore, a marginal quality mine will yield 4 to 6 grams per tonne, so at an average of about 7 grams per tonne of ore, the Ugandan discovery will yield approximately 217 tonnes of gold. A far cry from the “31 million tonnes of gold” alluded to by the poster.
This will raise the world’s gold inventory by about one tenth of one percent. Even this slight rise will be spread out over many. many years since all the gold will not be mined/refined instantaneously. So in my opinion the so-called “discovery” will have very little to no impact on the price of gold.
Reference: World Gold Council