The Bolivian Paradox

Bolivia's Paradox – at Moneyweek.co.uk - the best of the week's international financial media.

It was in the 16th century that Westerners first passed through Bolivia, and even back then it was the country's fabled wealth that had attracted them. Th'Conquistadores' (conquerors) had come to South America to seek out the legendary El Dorado, the place of abundant gold.

The legend of the 'golden man' had probably originated from a ceremony celebrated by the Muisca Indians. Upon his crowning, the new Muisca king was covered in a thick paste containing gold dust. He was then taken onto a raft and driven to the middle of a lake, where he plunged into the water so as to wash off the gold. Members of his entourage would carry out additional sacrifices by throwing items made of gold into the lake.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.