1800 KG of gold exported from Sanaag last year

[codewebsduh]

 

[codewebsduh]

Cal madow has alot of Gold, 1800 KG is hundreds of millions. There is a gold rush going on!

 

[𐒁𐒚𐒒𐒂𐒘𐒂𐒗 𐒎𐒚𐒗𐒗𐒒]

Unregulated and dangerous, they are leaving holes all over the place , this does not bode well for Calmadow locals. I heard foreigners are also digging around, I bet you Arabs and Indians are increasing in number.

 

[Kanan]

1 kilogram of Gold is worth nearly 60k

60 x 1800 = +100,000,000$

100 million dollars worth of annual exports.

 

[FBIsomalia]

Puntland will secure sanaag, so no worries.

 

[SirLancelLord]

1 kilogram of Gold is worth nearly 60k

60 x 1800 = +100,000,000$

100 million dollars worth of annual exports.

Who has that money.

The Govt is inept, Kulmiye days are numbered.

Where's this money

 

[Gantaal97]

Who has that money.

The Govt is inept, Kulmiye days are numbered.

Where's this money

Ina bixi pockets

 

[codewebsduh]

1 kilogram of Gold is worth nearly 60k

60 x 1800 = +100,000,000$

100 million dollars worth of annual exports.

Lol, that's alot of money. Where did that money go?

 

[codewebsduh]

Puntland will secure sanaag, so no worries.

We have majority of Cal Madow, Puntland needs to set up gold mines.

 

[Gantaal97]

We have majority of Cal Madow, Puntland needs to set up gold mines.

lmao you don't do you know where it is ??

 

[SirLancelLord]

Why export gold so foolishly.

Every govt is trying in the world is trying to fill their reserves with gold.

Somalis are foolish.

Gold is meant to be stored

 

[BigBreak]

All of Sanaag (and likewise Sool) belongs to Somaliland

 

[freedomrider]

Why export gold so foolishly.

Every govt is trying in the world is trying to fill their reserves with gold.

Somalis are foolish.

Gold is meant to be stored

why not process it to jewelry or something. You can make more money by adding more value to it. Exporting raw material will not make you rich.

 

[freedomrider]

All of Sanaag (and likewise Sool) belongs to Somaliland

belongs to who ever accoupy those land.

 

[Calaf]

All of Sanaag (and likewise Sool) belongs to Somaliland

Okay, but where does the money go? 100 million for SL from just Gold Export can make SL a strong powerhouse? Or it goes in the pockets of the fat man in charge?

 

[codewebsduh]

Okay, but where does the money go? 100 million for SL from just Gold Export can make SL a strong powerhouse? Or it goes in the pockets of the fat man in charge?

Probably sold at less then marketplace value, also government only taxes the items so they won't make more then 1-5 million on it.

 

[codewebsduh]

Btw this was all done by locals, no government local/national is helping. This could be extremely lucrative if they helped.

 

[Calaf]

Probably sold at less then marketplace value, also government only taxes the items so they won't make more then 1-5 million on it.

So your telling me, not only it ain't government regulated, or government owned, and the government makes peanuts on tax, but Gold, a literal commodity is getting sold lower then the marketplace value?

Corruption is a trait, Somalis, from North to South have. Either that, or doqonimo.

 

[Dharbaaxo Jin]

So your telling me, not only it ain't government regulated, or government owned, and the government makes peanuts on tax, but Gold, a literal commodity is getting sold lower then the marketplace value?

Corruption is a trait, Somalis, from North to South have. Either that, or doqonimo.

You are jumping the gun. Not a single person in this thread has provided any facts. It is all based on people's guestimates and speculation thus far.

You are responding to mere speculation, which is fine, but you can't then draw conclusions from that as though it were fact.

 

[Dharbaaxo Jin]

Btw this was all done by locals, no government local/national is helping. This could be extremely lucrative if they helped.

Source?