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Gold has been an important metal throughout human history, dating back to ancient Egypt where it was used for decorative objects and jewelry. It was also used extensively in the art and architecture of other ancient civilizations. During the Middle Ages, gold was used to create religious objects, castles, and as currency. The discovery of gold in the Americas in the 15th and 16th centuries led to international trade and economic growth.
Gold is a highly versatile metal that has been used for a variety of purposes throughout human history. It is commonly used for jewelry and currency, but it also has many other uses such as in electronics, medicine, and dentistry. Gold's unique properties, including its high electrical conductivity, malleability, and resistance to corrosion, make it a valuable material in many different applications.
The gold market is a global marketplace where gold is bought and sold for various purposes, including investment, jewelry, and industry. The gold market offers high liquidity and potentially excellent opportunities to profit in nearly all environments due to its unique position within the world’s economic and political systems.
Gold is considered a safe-haven asset, and holding gold offers investors protection against geopolitical and socioeconomic upheavals and is often used as a hedge against economic turmoil. Gold also offers a low correlation with both stocks and bonds, which provides a tangible diversification benefit.
Burlcore Mining Company Limited has a mining concession in Busia, Uganda. Busia is a district in Eastern Uganda, situated along the border of Kenya, that is known for its significant gold deposits.This area is part of the Lake Victoria Gold Belt which stretches across Uganda, Kenya and Tanzania.
In this area there are a number of artisan miners and also larger foreign corporations.As an example of how rich this region is, a foreign corporation who has a concession next door to Burlcore Mining Company Limited’s have a gold reserve worth approximately $16 billion in todays market. They are investing heavily (approx. $200 million) into their infrastructure and plant equipment.
Due to the gold deposits around the Busia area, Burlcore Mining Company Limited are actively scouting for new concessions to add to our portfolio to continually grow our gold reserves while also developing our current concessions.
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