The timing of this is suspect. It came out right as soon as the market tanked. Coincidentally, right when Moishe needs people to not put all their cash into gold, a story comes out that makes gold look like a bum deal for panicky people who don't read more than the headlines. Also: You think you can mine Africa? By the time you get your mine up and running the current head dude who didn't make any contracts with you says gimme dat and now you have no mine and no gold. You would need a substantial stable population and government. South Africa, sure, there's whites there for now. But Uganda? No thanks. I'll continue putting money into precious metals while the getting's good.
dicedice -1 points 2.8 years ago
The timing of this is suspect.
It came out right as soon as the market tanked. Coincidentally, right when Moishe needs people to not put all their cash into gold, a story comes out that makes gold look like a bum deal for panicky people who don't read more than the headlines.
Also: You think you can mine Africa? By the time you get your mine up and running the current head dude who didn't make any contracts with you says gimme dat and now you have no mine and no gold. You would need a substantial stable population and government. South Africa, sure, there's whites there for now. But Uganda?
No thanks. I'll continue putting money into precious metals while the getting's good.