For 2021, gold exports in Central America obtained a 387% increase in sales by reaching $310 million, with Nicaragua being the main exporter with a value of $1,534 million and a volume of 47 tons, being the main buyer the United States with $1,064 million.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]
By the third quarter of 2021, gold exports in the Central American region increased by 387% reaching $310 million in sales, the main destination being the United States of America.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]
The value of gold exported from Central America in the first three months of the year reached $132 million, 11% more than the value reported for the same period in 2017.
Figures from the information system Mercado de Oro en Bruto, Semilabrado o en Polvo en Centroamérica, from the Trade Intelligence Area of CentralAmericaData: [GRAFICA caption=Click to interact with graphic"]
The World Bank projects that the price of a barrel of oil will rise to $56, metal prices will stabilize, gold prices will tend to rise and agricultural prices will increase, due to a decline in supply.
From a report by the World Bank:
WASHINGTON, October 26 - Oil prices are forecast to rise to $56 a barrel in 2018 from $53 this year as a result of steadily growing demand, agreed production cuts among oil exporters and stabilizing U.S. shale oil production, while the surge in metals prices is expected to level off next year, the World Bank said on Thursday.
In 2012 gold exports to Canada amounted to $377 million, equivalent to 54% of the total exported by the region that year, but four years later the figure has fallen to 0.
Figures of the information system on the Gold Market in Crude, Semi Wrought or Powder form in Central America, compiled by CentralAmericaData's Business Intelligence Unit: [GRAFICA caption = "Click to interact with the graph"]
On August 16 and 17 industry representatives from around the globe will be taking part in business conferences and lectures on the role of mineral resources and the impact of the activity on the economy.
The II International Mining Congress is being organized by the Mining Chamber of Nicaragua and will be held on August 16 and 17 in Managua.
The conference will include business conferences, panels and lectures on the economic and social impact of mining on communities; the role of metallic and non-metallic mineral resources in developing countries and environmental challenges in modern mining.
Behavior of markets and prices in February 2016 of beef, cattle, gold, rice, coffee, sugar, corn and wheat.
From a report by the Central Bank of Nicaragua:
Behavior of markets and prices of major commodities up to February 2016:
Coffee: Coffee futures price in February fell by 0.8 from the previous month, standing at 116.4 cents per pound. Similarly, the price was lower by 25.1% in annual terms.
In the nineties a village in Costa Rica was populated by dreams of a promising future driven by the exploitation of a gold mine. Today there are only 27 inhabitants, left without hope.
EDITORIAL
An article on Nacion.com reports on the ups and downs of the gold mine project in Crucitas, in Costa Rica, which eventually fell through because environmental forces prevailed over sustainable development, leaving a long series of damages to the country in terms of confidence in the security of investments, tax losses, and mainly in the hopes of human beings who believed in and supported the mine being a catalyst for progress in the area. As usually happens, the only winners were the lawyers who litigated and continue litigating for both sides.
The Superintendency of Companies has pointed to objective and known facts of illegal collection of money from the public by the operations of Emgoldex, which is also currently operating in Panama.
From a statement issued by the Superintendence of Companies of Colombia:
Superintendence ordered intervention of operations Emgoldex
in Colombia Bogota, May 12 (SS).
Due to the slow progress of the Chinese economy and the possible sale of reserves by Cyprus, the price of gold closed at $1,361.1, its lowest level since 2011.
"At the end of the first session of the week, at the Mercantile Exchange in New York, the most traded contracts for gold, due in June, lost $140.3 an ounce (a drop not seen in three decades) to end up at their lowest level since February 2011," noted an article in Laprensa.com.ni.
With gold as a prime example, the recommendation to protect purchasing power is to diversify by acquiring natural resource assets, particularly productive land.
Although the European crisis has shown that despite the enormity of the U.S’s public debt, bonds that back it still have the confidence of many investors, the dollar as a reserve asset raises many doubts.
During 2011 the price of gold has continued to rise, and so far this year has recorded growth of 16%, which has encouraged mergers and acquisitions in this mining sector.
In the eleventh year of rising prices, gold reached the record value of $1,923.70 an ounce on September 6.
"BlackRock Inc., which manages natural resource funds for $35.750 million, estimated there could be more mergers and acquisitions in the gold mining sector after the price of gold rose to unprecedented levels", reported Bloomberg News.
El Salvador and Costa Rica say NO. Panama and Nicaragua say YES. Guatemala and Honduras are expected to decide soon.
Gold and copper prices are on the rise, and investors are eager to put money in extraction projects all over Central America.
But the governments of Central America have different opinions over this industry. While these projects are welcomed and authorized In Panama and Nicaragua, informal and formal moratoriums to the activity are being decreed in Costa Rica and El Salvador, stopping mining concessions under pressure from environmentalist groups. Meanwhile, in Guatemala and Honduras new projects are awaiting rules and regulations that will likely toughen environmental regulations for the mining industry.
Paulo de León, from Central American Business Intelligence, analyzes 4 hypothesis for explaining the sustained increase in the price of gold.
According to De León, one of the most recent theories and which "is being backed up by the behavior of the markets, is the demise of the U.S. dollar as a risk-free, international reserve currency". This idea is also backed by India's decision of buying gold from the IMF as a means of diversifying against the dollar.