A Gold Bug On The Trail Of The Conquistadors
Bloomberg Businessweek|December 25, 2017

A Gold Bug On The Trail Of The Conquistadors

Laura Millan and Danielle Bochove
A Gold Bug On The Trail Of The Conquistadors

Inside a Vatican library, Keith Barron leans over a 17th century tome bound in 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.”

Barron, a geologist, amateur historian, and professional gold hunter, is on a mission. Ecuador’s two “lost cities of gold” exist only in legend and in fragments of old texts such as this, which was written by a Spanish priest traveling through the region a half-century after the settlements were destroyed. Spain eventually gave them up for lost after dispatching more than 30 expeditionary missions 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 other document repositories scattered throughout Latin America. With the aid of colonial-era chronicles and maps, they’ve narrowed their search to the Cutucú mountains, 230 miles south of Quito.

Buried somewhere in this lush jungle range 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 methods managed to extract about 4,100 troy ounces of gold in a single year. (A troy ounce of the precious metal is worth $1,262 at today’s prices.) Barron 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.

Esta historia es de la edición December 25, 2017 de Bloomberg Businessweek.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición December 25, 2017 de Bloomberg Businessweek.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE BLOOMBERG BUSINESSWEEKVer todo
Instagram's Founders Say It's Time for a New Social App
Bloomberg Businessweek US

Instagram's Founders Say It's Time for a New Social App

The rise of AI and the fall of Twitter could create opportunities for upstarts

time-read
4 minutos  |
March 13, 2023
Running in Circles
Bloomberg Businessweek US

Running in Circles

A subscription running shoe program aims to fight footwear waste

time-read
3 minutos  |
March 20 - 27, 2023
What I Learned Working at a Hawaiien Mega-Resort
Bloomberg Businessweek US

What I Learned Working at a Hawaiien Mega-Resort

Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.

time-read
10 minutos  |
March 20 - 27, 2023
How Noma Will Blossom In Kyoto
Bloomberg Businessweek US

How Noma Will Blossom In Kyoto

The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking

time-read
3 minutos  |
March 20 - 27, 2023
The Last-Mover Problem
Bloomberg Businessweek US

The Last-Mover Problem

A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps

time-read
10+ minutos  |
March 20 - 27, 2023
Tick Tock, TikTok
Bloomberg Businessweek US

Tick Tock, TikTok

The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban

time-read
10+ minutos  |
March 20 - 27, 2023
Cleaner Clothing Dye, Made From Bacteria
Bloomberg Businessweek US

Cleaner Clothing Dye, Made From Bacteria

A UK company produces colors with less water than conventional methods and no toxic chemicals

time-read
3 minutos  |
March 20 - 27, 2023
Pumping Heat in Hamburg
Bloomberg Businessweek US

Pumping Heat in Hamburg

The German port city plans to store hot water underground and bring it up to heat homes in the winter

time-read
3 minutos  |
March 20 - 27, 2023
Sustainability: Calamari's Climate Edge
Bloomberg Businessweek US

Sustainability: Calamari's Climate Edge

Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment

time-read
4 minutos  |
March 20 - 27, 2023
New Money, New Problems
Bloomberg Businessweek US

New Money, New Problems

In Naples, an influx of wealthy is displacing out-of-towners lower-income workers

time-read
4 minutos  |
March 20 - 27, 2023