When the dollar tumbled and stock quotes come adrift, while food prices, oil and electricity climb disturbing, many investors retreat in gold. Gold Rush is a permanent reality that animates fantasies, but lead to loss of lives and destruction of wildlife. For a child to swing Japanese nabob in a golden horse, thousands of African children with nails scratch the clay. For a Canadian company to fill the reserves of gold from overseas, must go and four millenniums of history mountains in the heart of Romania. It does?
The American economy in the current recession, train financial crisis the world markets. Euro climbs in value, yet the stock exchange's shareholders, investors, companies, banks, and ordinary European citizens do not feel safe.
Until 1914, he wrote notes on all their value is anytime, returned to gold. Gold yes definitely, it's a sign of wealth and power, which were built empires.
After the Second World War, the U.S. dollar has replaced gold as a valuable reference. Although, in 1949, we began with strict reporting of the dollar to gold -35 dollars an ounce, while, the dollar moved away from traditional value, which guaranteed the conversion of the "reliability and stability."
"Like gold, U.S. dollar has value only to the extent that its offer remains strictly limited," said the head of the Federal Reserve Bank, Ben Shalom Bernanke. "But the U.S. State management is a technique at hand, namely the printing press, which enables print and out on the market, how many U.S. dollars would" he added.
Fed chief currency bank statement indicated earlier practices, but more recent issue of banknote paper market without coverage.
Refuge in gold
After the war in Vietnam, the U.S. has reached the threshold of "insolvency", which President Nixon made his break, unilateral, dollar-gold relationship. Since then, the value of paper money is based largely on the trust that a citizen has, banks and their strength.
Paper banknotes are printed by a ton. "Since March 2006, their volume is bathed in darkness, because the Fed bank currency is not fully public, corresponding figures" it said in a study of the German weekly Spiegel, 17 March 2008.
In such a situation, in which paper money circulated without coverage, and the values of bank stock and real estate are in doubt, enter into force "gold bugs", as called investors announcing apocalyptic "heart of paper currency, the money badly. "
They feel precious metals higher as money printed, precisely because "the resources of the first known today, will be drained in 20-30 years." These limits are added to offer natural millennial fascination they exert on the human, shiny metal, as signs of personal wealth.
Me, cyanide and craters visible from outer space
For wealth to store bullion in banks and to hang around his neck and fingers, jewelry, hundreds of thousands of searchers - employees, slaves, or fanatics, forcing bowels of the earth, from Australia, Brazil to the Andes, from Mozambique to China , Russia, Spain and Transylvania.
Gold prices rise again, reaching, from 300 dollars per ounce (31.1 grams) in 2000, nearly $ 1,000 in 2008. It is natural for mining companies to grow, it's all so natural that, in market competition, not only survive the big sharks, with significant funding for mining investments, which give results only over years or decades.
These consortia specialized in mining claim that exploits precious ore veins through the application of modern technologies and less polluting, respecting the environment. They fool governments and public opinion by declarations of good intentions and transparent employment of labor and environmental protection in mining regions concerned.
Cyanide but does not forget. Used in rock ore settling, deployed in thousands of tonnes of landscape, red poison pond drains poorly secured seeps everywhere. It remains, as nuclear waste, a nightmare for decades. Are digging huge craters in Australia has remained one who "sees even from outer space" (Spiegel).
Same prestigious German magazine covers last week, and the ecological disaster caused by dam breaking the gold mining operation in Romania, and discharge waste into the Tisza cyanide, a few years ago. "On 300 kilometers of the river life was completely destroyed," it said in the article.
The two-money, happiness
At the end of last year on dirt, and decadence brought by mining pollution in the Amazon region, Indian tribal chief Yanomani Davi said Brazil's president, looking him straight in the eye: "Your government must be very careful, because do not know how to proceed with nature. You say that the car that picks holes, Earth's lungs hurt and the world will bleed. "
In his metaphorical Yanomani released a warning, not only true for mining in South America.
In the mountains of Mozambique, thousands of malnourished African country, or in neighboring Zimbabwe, scratch the earth for gold pins, and this sporadic. She paid with her, a morsel of bread, a glass of brandy and a cheap prostitute, all made weekly, the merchants of Manica, the nearest town. If anything remains, put aside for hungry families from abroad.
I eat dirt and malaria, he beat sheaves Mozambican policemen and soldiers, who hardly mastered hysteria Revue gold from river mouths. Every night, violence is at home, illegal camps Desperados of gold.
Rosia Montana Gold Corporation, a project stake
Mining in Europe takes place in another framework, work. However, unscrupulous gold fever acquired, is present in this context.
Operation of the Rosia Montana and surrounding areas in the Apuseni Mountains, endorsed by the Canadian company Gabriel Resources, through Rosia Montana Gold Corporation (RMGC) in partnership with the State ationar novel, is a high-stakes project for everyone involved.
Gabriel Resources has spent millions of dollars trying to implement the project, which was hit by the recent level of resistance to the Roman government, in fact the Ministry of Environment, but also a sustained opposition practiced at non-governmental organizations and personalities in Romania or international.
Canadian strategy, which, during the former government, received operating licenses and a majority shareholding (80%) in the company that runs the project was and is convinced all stakeholders that the project is good, provides several hundred jobs work does not affect the environment and brings all the profits.
RMGC position towards its shareholders and investors is clear: tens of millions of dollars have been invested in a project that has stumbled, most recently, the urban renewal of a certificate, challenged in court by the NGO Alburnus Maior and stubbornness Ecological Environment Ministry.
Money invested in the project RMGC recover and multiply. The deposit of Rosia promises over 300 tons of gold and 1,600 tonnes of silver. Porphyria Copper discovered in the area, is used in the construction of computers and is a potential ace up his sleeve, the mining business in the Apuseni Mountains.
What about Government?
In or quarterly report, made public on 6 November 2007, Gabriel Resources Ltd. assess their performance, detailing their losses related to the development of mining project in Rosia Montana, Bucium and Baisoara, but proposes and strategies.
"The third quarter was a hard for us," said Alan R. Hill, President and CEO of RMGC. "While filling in sight Technical Evaluation Committee's report on the issue of environmental impact assessment / EIA for the Rosia Montana, Romanian Ministry of Environment has suspended the process of analyzing arbitrarily, without citing all the legal arguments." Hill says in the report: "The company will use all means available" to counter the arbitrary action of the ministry.
"The parliamentary elections are scheduled for autumn 2008, however, if the current coalition will fall, elections could be expected, opposition parties not being able to agree on a new government. Appears very likely that a change in government is necessary in order to restart the process of acceptance, "the report mentions Gabriel, 6 November 2007.
Annihilation by real estate
Transnational companies, big corporations with the interests of profit, do not hesitate to intervene through political lobbying and state. A different kind of intervention is that "by surrounding" the annihilation of the opposition and civil society institutions in the area of dispute.
RMGC massive real estate acquisitions made in the area covered by the mining project was thus tried relocation opponents and getting sympathy from the local authorities, across from investors.
Construction of 100 new homes in Alba Iulia, for stramutatii in Rosia Montana, began in October and is expected to be completed in 18 months, the report also says Gabriel Resources in November 2007. Another putative resettlement of population from the mining area, it is predicted to White Rock, which was completed by way of access and where it will build a new village.
Gabriel reports that "in addition to private properties required the Company to purchase the property (approx. 35% of area) of institutions, including local administrations and Abrud Rosia Montana, and some church and state mining companies. Public property acquisition process is in progress. "
"On 31 October 2007, the company had owned. 73% of homes located in the industrial zone in the protected and adjacent. Once construction of negotiations on the institutional properties, our property will increase to about 80% in the three areas of the project, demonstrating strong local support for the project, "it noted in the report.
It is understandable that for local poverty and lack of perspectives, a compensation offer of a home, or of a hypothetical job, she has her attraction. But mining area in the Apuseni Mountains can not be compared to none in the world, because underneath that old musteste history of Romania, this is the exact hour of birth of the Roman people.
In a decision of such impact, no state is allowed to act in virtue of cumetrii of interest. He is obliged to consider offers investors alternative employment in the area, but also to firmly defend the historical values, identity and natural heritage.