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

Colombia’s government plans to start purchasing gold directly from small-scale producers in a bid to curb illegal activity and formalize an unregulated mining boom fueled by surging prices.

By Andrea Jaramillo, Oscar Medina · Bloomberg Markets

Colombia’s government plans to start purchasing gold directly from small-scale producers in a bid to curb illegal activity and formalize an unregulated mining boom fueled by surging prices.