Precious Things in Peru

GoldPeru is an interesting country in that it has been forged by the Conquistadors, brought into modern times by the Japanese (including a famous Peruvian leader with Japanese DNA) and may fall into the orbit of Mainland China. Peru, like many Latin American countries, can indeed be seen as a natural resource colony for Asia’s emerging power houses.

According to an NGO worker based in Costa Rica, “America is losing power by the day and is no longer able to keep China out of Central and South America, nor Russia for that matter.”

In the wake of these erstwhile geopolitical changes, astute Latin America watchers may well ask what’s going on in Peru? According to Linda Dixon, an American gold entrepreneur now based in Peru, that South American nation ranks high in both silver and gold production. Corporations which may or may not adhere to environmentally-sound mining procedures are assessing the risks in the marketplace in regard to the terms of capital investment, borrowing and the rate of return. Opportunities exist in abundance for the small to medium scale investor.

A lack of solid English-language coverage of the precious metals industry in Latin America, says Dixon, makes the whole assessment process less than perfect. Fifty-plus percent returns are possible on small mining concession in Peru. This is something American and Western investors may well want to consider for their portfolio.

US$ 50 to $60,000 investments might be considered prudent, as a sort of micro-lending on steroids. Dixon might well take note of the fact that roughly 15 million artisanal gold miners are digging for gold right at this very moment to the four corners of the Earth.

Again we must ask “Why all the fuss about gold?” Almost everything in America that can be monetized (from AIG and major bank debt to stay at home mothering vs. day care) has already been monetized. After the housing and IT bubbles burst, there is no new source of wealth creation. America has been systematically de-industrialized. In times of bust and fear gold reigns supreme.

Gold mining in Peru offers low overhead and no shortage of buyers (in Latin America, North America, the West and the world.) On-line, vertically integrated real time data on gold extraction, procurement, spotting, selling, acquisition as well as personal and industrial use is not far off. Analyzing and profiting from extraction, refining and selling of gold directly to buyers with a “premium to spot” is the order of the day for entrepreneurs like Dixon.

Digging Deeper in Latin America

GoldSurely there is a great global .....




Register for free to read full article


More in this section:

Cuba Mining
by Christopher Ecclestone Cuba has a history of mining extending over a period of three hundred years. During the period 1900 to 2002, mining was a permanent activity, and during WWII the mining of manganese, some copper, and nickel was most important. The nickel resource comes from extensive laterite deposits that are considered among the largest reserves in the world, ranking alongside Canada, Russia, Australia and New Caledonia. Cuba is also an important nickel and cobalt producer, ranking s...<read full article>