You are here

Keith Barron struck it rich in Ecuador and now is looking for the lost cities of gold

Section: Daily Dispatches

By Laura Millan Lombrana and Danielle Bochove
Bloomberg News
Wednesday, December 20, 2017

Keith Barron is deep inside a Vatican library, hunkered over a 17th century tome bound in Moroccan red leather. "The country is the richest in gold in all the Indies," reads one passage. "The natives are cannibals and very warlike, and devastated the city of Logroño de los Caballeros, massacring the Spaniards and burning the churches."

A geologist by training, amateur historian and professional gold hunter, Barron is on a mission. Ecuador's two "lost cities of gold" exist only in legend and in fragments of old texts like this one, written by a Spanish priest traveling through the region a half century after the settlements were destroyed.

... Dispatch continues below ...



ADVERTISEMENT

Fisher Precious Metals is preparing and equipping
clients for the upcoming 'Everything Bubble'

Fisher Precious Metals, North America's top-rated bullion dealer, known for personal service and great pricing, has been helping Americans and Canadians protect their wealth with precious metals for more than a decade. Enjoying a five-star client rating across the internet with no complaints at the Better Business Bureau, the team at Fisher Precious Metals works hard to serve you.

We have helped thousands of clients in buying and selling bullion, arranging segregated and offshore storage, establishing precious metals IRAs, and obtaining certified precious metals appraisals. We provide security to our clients with our Bullion Authenticity Guarantee. We recommend that you read our article "How to Avoid Bullion Counterfeits":

https://fisherpreciousmetals.com/precious-metals/bullion-authentication/

As a family-owned business, we strive to help you assess your wealth-protection goals and overall investment objectives. From the new precious metals buyer to the seasoned bullion investor, we are here to help you with a no-pressure, confidential consultation. Rest assured that everyone in our firm owns physical precious metals and no one is compensated via commission -- period.

Fisher Precious Metals is your full-service precious metals investment partner for life. Please call us at 1-800-390-8576 or visit us here:

https://fisherpreciousmetals.com



Spain eventually gave them up for lost after dispatching more than 30 failed expeditionary forces to reclaim them. Barron and a team of researchers have spent years sleuthing around the Vatican library, the immense General Archive of the Indies, in Seville, Spain, and in small churches and libraries scattered throughout Latin America. With the aid of colonial-era chronicles and maps, they've narrowed the search to the Cutucú mountains, a lush jungle range 230 miles south of Quito. Buried under a thick green carpet lie the ruins of Logroño and Sevilla del Oro, two of the Empire's most prodigious 16th century mining towns where, according to accounts at the time, laborers using primitive tools managed to extract about 4,100 Troy ounces of gold in a single year. (A Troy ounce of the precious metal is worth $1,260 at today's prices.)

Barron, who still delights in dipping into the Jules Verne and Jack London books of his youth, certainly has a quixotic side. He is betting old-fashioned gumshoe techniques coupled with modern aerial surveys will lead him to tunnels, piles of rocks, musket bullets, horseshoes or even the bells that tolled when the cities were under attack from indigenous tribes. "If we find the cities, we find the gold," he says. ...

... For the remainder of the report:

https://www.bloomberg.com/news/features/2017-12-20/he-struck-it-rich-in-...

* * *

Join GATA here:

Vancouver Resource Investment Conference
Sunday-Monday, January 21-22, 2018
Vancouver Convention Centre West
Vancouver, British Columbia, Canada
https://cambridgehouse.com/e/vancouver-resource-investment-conference-20...

Mining Investment Asia
Monday-Wednesday, March 26-28, 2018
Marina Bay Sands, Singapore
https://www.mininginvestmentasia.com/

Mines and Money Asia
Tuesday-Friday, April 3-6, 2017
Hong Kong Convention and Exhibition Centre
https://asia.minesandmoney.com/

* * *

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16