Czech Republic’s new gold rush

Written by on October 5, 2012 in Business, Europe, News - No comments

Gold has fascinated people for thousands of years. From the ancient Egyptians who used it to craft elaborate artifacts to the Aztecs who worshipped it as a gift from God, few civilizations have been able to resist the precious metal’s dazzling allure.

Nowadays, the reasons for this durable commodity’s popularity are in large part economic. While currencies everywhere have taken a beating amid the global recession, gold has enjoyed a glittering run during the past decade. Current prices have reached almost $1780 per ounce, representing an increase of some 500 per cent compared with 2002.

This has brought gold mines in the Czech Republic back into the spotlight: Four different companies have applied to the environment ministry for exploration licenses in six central and south Bohemia territories.

Read the full story in The Prague Post.

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