NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / World

Dispatch: In Venezuela’s El Dorado, finding one gram of gold in four hours is a good day

By Margioni Bermudez
AFP·
17 Jun, 2025 06:00 PM4 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

Gold has the advantage of not depreciating. Venezuela's currency has lost 50% of its value this year. Photo / File

Gold has the advantage of not depreciating. Venezuela's currency has lost 50% of its value this year. Photo / File

In the Venezuelan mining community of El Dorado, the majority of residents carry around gold instead of cards or cash to pay for groceries.

They live in a town named after the mythical City of Gold and untold riches - but most of them are poor.

Merchants use scales to carefully weigh the flecks people guard in plastic pill bottles or wrapped in pieces of paper, and market goods are priced in weight of gold.

For 0.02 grams, you can get a small packet of maize meal, for 1g a pre-packaged bag of groceries that includes flour, pasta, oil, margarine, ketchup and milk powder.

A gram of gold can purchase between US$85 and US$100 worth of goods but takes hours of back-breaking work to amass. If you’re in luck.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

“Gold is a blessing given to us so we can buy what we want, but you have to work hard,” 48-year-old Jose Tobias Tranquini told AFP in the town of 5000 residents mostly employed in mining - legal and illegal.

“One day at the mine you might find nothing; there are lucky people who have [got] up to a kilo, but ... I haven’t had that kind of blessing,” said Tranquini.

El Dorado’s residents have limited access to banking services.

Advertisement
Advertise with NZME.

They could sell their gold at one of the dozens of dealers that dot the streets, but most prefer not to.

Gold - unlike the battered Venezuelan currency that has lost 50% of its value this year - does not depreciate.

No gold, no life

El Dorado arose as a military fort as Britain and Venezuela squared off in 1895 over the mineral and the oil-rich region of Essequibo now at the centre of an increasingly heated territorial dispute with Guyana, which has administered it for decades.

The oldest inhabitants of the town remember that when it rained, particles of gold emerged from the town’s clay streets.

Nowadays, the streets are tarred, though potholed, and the population rely for transport mainly on motorcycles that zoom noisily to and fro.

Hilda Carrero, a 73-year-old merchant, arrived in Eldorado 50 years go in the midst of a gold rush. The town, she recalls, was just “jungle and snakes ... It was ugly.”

Carrero sells cans of water for 0.03 grams of gold apiece but business, like mining hauls, is erratic. Some days she sells nothing.

“If I don’t have gold I have no life,” Carrero sighed.

It can be hard to make a living in a place where abundant reserves of gold, diamonds, iron, bauxite, quartz and coltan have attracted organised crime and guerrilla groups that mine illegally, and sow violence.

Extortion of small business owners is rife, and 217 people were killed in the four years to 2020 in clashes between rival criminal gangs.

Advertisement
Advertise with NZME.

Environmentalists also denounce an “ecocide” in the heavilyexploited area, and mine collapses have claimed dozens of lives.

Hazardous work

Around El Dorado, there are numerous camps processing the gold-laden sand that miners dig up daily.

In tall sheds with zinc roofs, mountains of sand are milled in machines that work with modified car engines, then washed in water and toxic mercury to separate the gold from other metals.

Tiny particles almost imperceptible to the naked eye are trapped in a green mat which is shaken out to collect them.

The granules are finally heated with a blowtorch to remove impurities before the gold can be traded or sold.

It is hard work, and hazardous.

Advertisement
Advertise with NZME.

“The danger of this is the smoke” produced by the mercury burning off, a mill owner explained while smoking a cigarette.

A family-of-five working at a mine visited by AFP spent four hours that day processing a tonne of sand.

For their efforts: 1g of gold.

“We’ll use it to buy food and whatever is needed at the mill,” a worker who asked not to be named told AFP as he cupped a tiny grain of gold in coarse hands.

It was a good day.

-Agence France-Presse

Advertisement
Advertise with NZME.
Save

    Share this article

Latest from World

World

Death toll from major Russian strike on Kyiv rises to 21, more than 130 injured

18 Jun 06:15 AM
World

Milestone move: Taiwan's submarine programme advances amid challenges

18 Jun 04:23 AM
World

Why Parnia Abbasi's death became a flashpoint in Iran-Israel conflict

18 Jun 02:36 AM

Jono and Ben brew up a tea-fuelled adventure in Sri Lanka

sponsored
Advertisement
Advertise with NZME.

Latest from World

Death toll from major Russian strike on Kyiv rises to 21, more than 130 injured

Death toll from major Russian strike on Kyiv rises to 21, more than 130 injured

18 Jun 06:15 AM

Sixteen bodies were recovered from a nine-storey building in Solomyansky.

Milestone move: Taiwan's submarine programme advances amid challenges

Milestone move: Taiwan's submarine programme advances amid challenges

18 Jun 04:23 AM
Why Parnia Abbasi's death became a flashpoint in Iran-Israel conflict

Why Parnia Abbasi's death became a flashpoint in Iran-Israel conflict

18 Jun 02:36 AM
Premium
How Trump shifted on Iran under pressure from Israel

How Trump shifted on Iran under pressure from Israel

18 Jun 01:59 AM
Help for those helping hardest-hit
sponsored

Help for those helping hardest-hit

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP