Why cant we increase bullion reserves?

[TNT]

We all know there are good gold reserves in Pakistan. Why doesnt the government have a national gold company to extract gold that all will go to state reserves?
Its basically paying PKR for gold at very cheap rates. Wouldnt this increase our reserves and enhance our business?
Any economic expert's take on this?

 

[Pakistansdefender]

We all know there are good gold reserves in Pakistan. Why doesnt the government have a national gold company to extract gold that all will go to state reserves?
Its basically paying PKR for gold at very cheap rates. Wouldnt this increase our reserves and enhance our business?
Any economic expert's take on this?

Where would you bring the money to make a company to start digging .
Look at Kekra 1, there is no oil in the well we drilled. But there is surely oil in other Wells. And in land too. India got successfully on 40th try.
But Pakistan would get such a shock that I think they would think before giving the lisence to dig a thousand times over.
Because there are equally as much chance of failure as success.
It is a speculation. If you succeed you are golden and if you don't you are dommed .
Surely when we are rich and we have money to spend on such missions which even failed would not cause any problem on our treasury.
I don't fans boys guided by Haqeeqat TV like you can make stupid threads and me such an old member cannot make threads yet .
I do belive that we have petrol and gold and ofcourse precious gems but we don't have resources to dig them friend.
This is wrong.. I am waiting to make some serious threads for so long .

 

[TNT]

Where would you bring the money to make a company to start digging .
Look at Kekra 1, there is no oil in the well we drilled. But there is surely oil in other Wells. And in land too. India got successfully on 40th try.
But Pakistan would get such a shock that I think they would think before giving the lisence to dig a thousand times over.
Because there are equally as much chance of failure as success.
It is a speculation. If you succeed you are golden and if you don't you are dommed .
Surely when we are rich and we have money to spend on such missions which even failed would not cause any problem on our treasury.
I don't fans boys guided by Haqeeqat TV like you can make stupid threads and me such an old member cannot make threads yet .
I do belive that we have petrol and gold and ofcourse precious gems but we don't have resources to dig them friend.
This is wrong.. I am waiting to make some serious threads for so long .

I never watch haqeqat tv mate. And im no kid. My point is because gold reserves are very much known and its extraction does not require complex technology.
The government can make a national company and let it acquire equipment, it wont be that expensive.

 

[Pakistansdefender]

I never watch haqeqat tv mate. And im no kid. My point is because gold reserves are very much known and its extraction does not require complex technology.
The government can make a national company and let it acquire equipment, it wont be that expensive.

Please listen a headlines....and see the storm in a teacup.
Everyone fighting the government to save their corruption.
And government last 9 months barely tried to save the country from default and when this year they want to enter a stabilisation phase look what these crooks are doing.
And sadly government won't have enough money to spend on that.
It is not that easy as it sounds .
First they need to survey then dig .
And also need new technology and then gold mines maybe in balochistan and then security and provincial autonomy and what not. These type of things suit a country running normally. You would even find investors . But now you have to stabilise the country for an year and then go towards growth the year next and only then when things settle down only then you see investment in this sector. Saudis are very interest they have even signed mou with balochistan government and work is going on it.

 

[nahtanbob]

We all know there are good gold reserves in Pakistan. Why doesnt the government have a national gold company to extract gold that all will go to state reserves?
Its basically paying PKR for gold at very cheap rates. Wouldnt this increase our reserves and enhance our business?
Any economic expert's take on this?

are there known gold reserves in pakistan ?

http://www.usfunds.com/investor-library/frank-talk/top-10-gold-producing-countries/#.XQgLVnVKjCI

 

[AZ1]

are there known gold reserves in pakistan ?

http://www.usfunds.com/investor-library/frank-talk/top-10-gold-producing-countries/#.XQgLVnVKjCI

There are known oil reserves but that also not extracted.

 

[nahtanbob]

There are known oil reserves but that also not extracted.

a reserve that cannot be extracted is probably not a reserve

 

[Handshake]

Where would you bring the money to make a company to start digging .
Look at Kekra 1, there is no oil in the well we drilled. But there is surely oil in other Wells. And in land too. India got successfully on 40th try.
But Pakistan would get such a shock that I think they would think before giving the lisence to dig a thousand times over.
Because there are equally as much chance of failure as success.
It is a speculation. If you succeed you are golden and if you don't you are dommed .
Surely when we are rich and we have money to spend on such missions which even failed would not cause any problem on our treasury.
I don't fans boys guided by Haqeeqat TV like you can make stupid threads and me such an old member cannot make threads yet .
I do belive that we have petrol and gold and ofcourse precious gems but we don't have resources to dig them friend.
This is wrong.. I am waiting to make some serious threads for so long .

You are wrong.
Digging has started and yes we do have gold deposit among best copper in northren area. You have no idea that how much Allah has blessed pakistan. Balochistan is a bit tough atm to work sue to security reason.

 

[Lincoln]

a reserve that cannot be extracted is probably not a reserve

Its called potential. It is estimated that there are many reserves, and not estimated by Pakistan but by companies and organizations. I don't know how they study this thing, but it's known we haven't tapped into our resources much at all, specially Balochistan.

 

[nahtanbob]

Its called potential. It is estimated that there are many reserves, and not estimated by Pakistan but by companies and organizations. I don't know how they study this thing, but it's known we haven't tapped into our resources much at all, specially Balochistan.

I am fine with potential. but you cannot quantify potential as reserves

 

[Lincoln]

I am fine with potential. but you cannot quantify potential as reserves

Potential reserves, okay?

 

[Foxtrot Delta]

We all know there are good gold reserves in Pakistan. Why doesnt the government have a national gold company to extract gold that all will go to state reserves?
Its basically paying PKR for gold at very cheap rates. Wouldnt this increase our reserves and enhance our business?
Any economic expert's take on this?

We pakistaniz are very cheap and courpt people we wont find oil or gold or extract them until amd unless we becomes good human beings first. Courption = hell on earth and here after. 99% of pakistaniz in government or semi governemnt organization are couprt.

Pakistaniz Don't deserve a single good thing. Unless they (we) change. **** u all courpt people of pakistan

 

[blueazure]

to cut through the b.ull $hit here and to the above 'expertens' .. ( the gutter this forum has become with muppets running around and tossing one liners)



1.we have ample gold in rikko diq . reserves are proven . zardari the muchar gave all that to TCC . PML N started international arbitration to take it back . PTI is stuck with other matters.

https://tribune.com.pk/story/1896993/1-pakistan-makes-final-push-reko-diq-settlement/

https://tribune.com.pk/story/1612383/1-pakistan-faces-11-43b-damages-claims-reko-diq-mining-case/


2.extracting gold is far easier vs oil . ( coal is being extracted from sindh thar, ) . gold extraction is being done for 1000s of years . you make an agreement with a company ,the company brings its equipment , starts extraction, proceeds are shared,

basic of business really


3.russia /china/ turkey are all buying gold en masse and stocking their central bank vaults . the dollar and FIAT collapse is inevitable . any currency not backed by collateral is doomed to fail..

https://www.businessinsider.com/gol...ontinues-as-central-banks-boost-demand-2019-4
https://www.bloomberg.com/news/arti...cking-up-on-gold-as-putin-ditches-u-s-dollars

central bank money printing without collateral backing it is the greatest heist of humanity

print a note, stamp it and throw in circulation .... an 'illusion' of wealth is created in the society when actually your purchasing power is decreasing ...

-------------------------

 

[Abdussamad]

We all know there are good gold reserves in Pakistan.

Where? Where?

 

[TNT]

to cut through the b.ull $hit here and to the above 'expertens' .. ( the gutter this forum has become with muppets running around and tossing one liners)



1.we have ample gold in rikko diq . reserves are proven . zardari the muchar gave all that to TCC . PML N started international arbitration to take it back . PTI is stuck with other matters.

https://tribune.com.pk/story/1896993/1-pakistan-makes-final-push-reko-diq-settlement/

https://tribune.com.pk/story/1612383/1-pakistan-faces-11-43b-damages-claims-reko-diq-mining-case/


2.extracting gold is far easier vs oil . ( coal is being extracted from sindh thar, ) . gold extraction is being done for 1000s of years . you make an agreement with a company ,the company brings its equipment , starts extraction, proceeds are shared,

basic of business really


3.russia /china/ turkey are all buying gold en masse and stocking their central bank vaults . the dollar and FIAT collapse is inevitable . any currency not backed by collateral is doomed to fail..

https://www.businessinsider.com/gol...ontinues-as-central-banks-boost-demand-2019-4
https://www.bloomberg.com/news/arti...cking-up-on-gold-as-putin-ditches-u-s-dollars

central bank money printing without collateral backing it is the greatest heist of humanity

print a note, stamp it and throw in circulation .... an 'illusion' of wealth is created in the society when actually your purchasing power is decreasing ...

-------------------------

Finally some mature reply. That is what i was wondering, its not a complicated process. Why even give it to foreign company?
A state owned company if extract all gold can keep all the gold as state reserves and pay in Rs. Its easier than coal extraction. I wonder why PTI is not thinking of this.