Coming to Ecuador to Pan for Gold
I have heard there are a lot of spots in Ecuador to pan for gold. However, the last time I was there, 10 years ago, the side shops paid $20 - $30 a gram which was 30 - 40 percent of the true value. Have there been any refineries built or places that actually pay what the gold is close to what the gold is worth?
What are the export regulations for gold in Ecuador?
All of this is providing I find any gold in Ecuador.
Stan's response: Discovering the very best places to sell your gold in Ecuador takes a little time and investigation, not to mention speaking some Spanish.
There are gold buyers all over the entire country. Some pay quite well; most don't.
My favorite gold buyers pay generously. Some pay up to spot price for alluvial gold which is only 22 or 23 karats in purity.
Normally, you will find the best prices in alluvial mining centers where there is a lot of buying competition.
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