Procedure for investing in Panamanian gold mines

From "Living And Investing In Panama: What To Look Out For" By Matthew Atlee, EscapeArtist.com:

The "investors" are flown in with great fanfare with women and booze laid out to the tilt, then everyone puts hard hats and ear plugs on and heads out to the "Site", where next to a drill or some loud piece of machinery they try to listen to the geologist, who is holding a rock and pointing at it with great determination, explain why they should put their money into the project. Following this, everyone heads back to the women and booze: speculation indeed. There's lots of screwing: other people's wives, local girls, whores - I never met so many people with two or three families in two or three places. Also, everyone has a firearm in case the locals rise up: in glove-compartments, under spare tires, below seats, and above sun blinders. But after a while the money tightens and all the foreigners that work at the mine are living together in one house, like when the project began. But now the good times are memories. The party dies, nerves tense, the money dries up and collapse. You're left with a new swimming hole for the locals - and the cycle begins again.

Written by Andrew Ittner in misc on Wed 25 June 2003. Tags: business, international