Colombia Turns to Gold Trade in Bid to Starve Criminals of Metal

BloombergTuesday, October 28, 2025 at 6:33:16 PM
Colombia Turns to Gold Trade in Bid to Starve Criminals of Metal
Colombia's government is taking a proactive step by purchasing gold directly from small-scale producers to combat illegal mining and criminal activities. This initiative aims to formalize the booming gold market, which has been driven by rising prices, and could significantly reduce the influence of criminal organizations in the region. By supporting legitimate miners, the government hopes to create a more sustainable and regulated industry, benefiting both the economy and local communities.
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