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TobyBoy comments on Why To Move To Colombia?

Colombia - I love you! La Colombie - Je t'aime! Colombia - Te quiero! ...how much longer before the rest of the world sees the light? Hmm, perhaps SOONER than anyone can possibly imagine. PLEASE REMEMBER THIS POST 10 MONTHS FROM NOW. Adieu

TobyBoy comments on Lima or Bogota ?

OK, here you go, for any of you who think Bogota is "closed for business," and forget that Bogota has ALWAYS been a more advanced and thrivingcity than Lima and others (-from today's El Tiempo http://www.eltiempo.com/colombia/bogota/bogota-asciente-en-el-escalafon-de-las-ciudades-de-latinoamerica-con-mejor-clima-para-negocios_4675520-1): Bogotá asciente en el escalafón de las ciudades de Latinoamérica con mejor clima para negocios Foto: Archivo / EL TIEMPO Después de Curitiba y Ciudad de Panamá, Bogotá es la ciudad con mayor infraestructura disponible para eventos y ferias comerciales. Tres razones han llevado a que la capital suba del puesto 11 en el 2007 al octavo en el 2008 en esta clasificación. La primera, el buen nombre ganado en el exterior; la segunda, las mejoras registradas en seguridad, y la tercera, presenta el mayor nivel de emprendimiento de la región. Esa es la explicación que encuentra Rodrigo Díaz, director de investigaciones de América Economía Intelligence, firma que acaba de presentar, junto con la Cámara de Comercio de Bogotá, el escalafón anual de los destinos más competitivos de la región. Según el estudio, que evalúa a 42 ciudades de América Latina, Bogotá es una de las que más avances presentan en buen ambiente para los negocios y este año, por primera vez, llegó al grupo de los 10 destinos más atractivos para los inversionistas. La superan Sao Paulo, Miami, Santiago de Chile, Ciudad de México, Buenos Aires, Monterrey y Río de Janeiro. En la región andina, la capital colombiana está por encima de Lima, Caracas, Quito y La Paz. En el escalafón de América Economía Intelligence, Medellín está en el puesto 22 (el año pasado estuvo en el 25) y Cali se ubica en la posición 36 (cayó tres posiciones este año). "En cuanto a destinos de negocios en el Cono Sur del continente, todo el mundo habla de Bogotá y de Lima como las ciudades de moda", resume Díaz. Sin embargo, no todo son elogios para la ciudad. Cuatro retos le impiden aún meterse en el listado de las cinco más competitivas de la región: "Mejorar el buen clima para hacer negocios, que nuestras empresas salgan a vender sus productos y servicios al mundo, generar valor agregado y salir a vender nuestra ciudad", explica María Fernanda Campo, presidenta de la Cámara de Comercio. Entre los datos rojos está la capacidad de la ciudad para exportar sus productos: Bogotá tiene un promedio de exportaciones de 566 dólares por persona, mientras en América Latina el promedio es de 1.300 dólares. "A Bogotá le faltan mejores profesionales, mejores científicos y universidades prestigiosas. En esos tres aspectos está muy mal todavía. Además, debe tener al menos una universidad entre las mejores 500 del mundo", explica Díaz. 42 ciudades evaluó 'América Economía Intelligence' y Bogotá se ubicó en el octavo escalafón, con lo que ganó tres puestos.

TobyBoy comments on Lima or Bogota ?

PBHJon, You obviously have no idea how old the Muisca, Chibchan and many other pre-Columbian Colombian cultures are. Did you know that in Bogota there was an ancient civilization that was in its final days living in Bacata -that would one day turn into Bogota? Please believe me (as I have other more important things to do today); the migration of indigenous people move southward from North-America into Colombia to finally populate points near Patagonia. People did NOT start living in Peru before they did in Colombia. I am surprised you failed to see that simple FACT (-and even though the Incas have received more notoriety of late, does not negate the age of other cultures in the region). I can’t even believe how some other posters think that the Spaniards landed in Peru first! …don’t any of you know that Columbus landed in Colombia (-or what used to be Colombian; Panama …hello –why do you think the country is called COLOMbia?) Now with regards to travelers and cuisine experience, I have had a different experience with my international friends. You see, if you travel throughout Peru, I mean really travel, you will be hard-pressed to find much more than potatoes to eat, or even Spanish speakers to speak with. I dare you to go to the slums of Lima, and then to the slums of Bogota, and then we can have a conversation about how good the food and water are in those two cities. ...and please try not to be so pendantic next time, it really cheapens your arguments, especially whe you are so wrong. So long!

TobyBoy comments on Lima or Bogota ?

..please, go for it!

TobyBoy comments on Lima or Bogota ?

Hey, go invest in Peruvian Banks, and I will keep my investments in Colombian banks, and let's get together again in 4 years or so. ...you may one day find out why Bogota has FAR more banks than Lima.

TobyBoy comments on Lima or Bogota ?

GoingSotuh: - No they did not, a bunch of wanna-be leftists who did not even understand real socialism started a CONFLICT, NOT a civil war. Now there are jsut a bunch of murdering narcothugs (from left & right) which MOST Colombians do NOT support. Oh, and reagrding banking; the complainers might be better served in the money-laundering banks of Panama. Doesn't anyone ever wonder why there have always been far more foreign corporations operaitng in Bogota than in Lima? This is getting too absurd now..

TobyBoy comments on Lima or Bogota ?

Ha? Codyintl: “Peru may have a sketchy history (who cares),”” …well guess what, many people care, not only historians and people that enjoy being educated, but especially those who lost their children fighting the Peruvian invaders, just like many care about the aggressions of Germany in the 20th century. Do oyu even know how many wars Peru has started? …Colombia NONE! I really do not understand your allegations, but hey, you are free to think whatever you want. You keep chasing me in these posts with your constant anti-Colombia gobbledygook. While I am certain that I have probably spent more time living in and comparing Bogota to Lima (and other cities), you are sure not going to convince me or even other Bogota haters like yourself that Lima has anywhere near the amount of cultural venues or historic dynamism. SOME foreign banks have held back investing in Colombia because Colombia has the most respectable banking system in the region, which due-to because of their tough regulations, have actually protected the Colombian economy as the ONLY one to have never had a significant currency devaluation, etc. There is NO civil war in Colombia! There is a horrid civil conflict instigated by mostly criminals for over 40 years! …have you any idea what happens to a nation that is REALLY in a state of civil war? Read-up on 1936 Spain if you have not. I did not attack the architectural patrimony of Lima (of which I am obviously more familiar than you), rather criticizing their long neglect of their beautiful colonial structures which only in recent years have caught the investor’s eyes for renovation. Colombia has its UNESCO –blessed patrimony too; all of old Cartagena (much larger than old Lima). Many beautiful buildings were destroyed in the Bogotaso of 1948, but Colombia’s democratic integrity was not. A claim that no Peruvian can ever make. How can you even compare Colombian Cuisine to Peruvian? …granted it is very good in Peru, but have you any idea how much more diverse and sophisticated food preparation (not to mention restaurants in Bogota) can be? Besides the more varied topography that Colombia richer bio-diversity offers to Bogota, Bogota can also obtain seafood from two oceans. I compare dining in Bogota to Paris, Barcelona or Lyon, seldom to Lima. …but that is just my taste. Gosh, I often wonder if it is even worth my time here on PBH. I think PBH should branch out and give all of you Colombia haters a blog. And leave those of us with common sense love for Colombian and a stand-alone set of threads, in order to help those people who truly want to learn about Colombia.

TobyBoy comments on How are you guys staying in Colombia for more than 90days??

ca321; While I wish you all the best; I hoep you shed your superiority complex: "If I were them I would hire foreigners from Industrialized countries just to steal all of their ideas." In case you haev not noticed, most major economies are already in a recession, headign itno a depression at warp speed. Colombia's GDP GROWTH is expected to hover around 3.5% in 2008, adn abotu 3% in 2009. In any case, I still wish you all the best in wonderful Colombia.

TobyBoy comments on Lima or Bogota ?

TobyBoy comments on Lima or Bogota ?

How can anyone even compasre the two cities? Bogota is FAR more sophisticated and cultured, with an OLDER culture (-BOTH: pre-Columbian & post Colonial), In Lima they did not even respect their old Opera house as they destroyed it, whereas look at the Teatro Colon today and the plethora of some the finest(and largest) libraries in the world -so accessibel in Bogota. Bogota is cleaner and safer by FAR! Bogota is home to the oldest cosntitutional democracy in Latin America (second oldest in the modern world after the USA). Peru has a sanguine history that is worst that the Colombian civil strife of the past 40 plus years. Read how belligerent the Incas where. compared to the Chibchas. similalrly, one of Peru's many ditactors dared to attack Colombia (and thank goodness, Colombia, with the help of it's state-of-the-art airforce drove the Peruvian invadors back out of Leticia). Now with regards fo the economy, only fools would invest in a country such as Peru that has had several economic collapes (which Colombia has NEVER had), and whihc is only one election away from electing another Evo or Hugo Chaves type. Thank you for the question, but I will stay home in prosperous, more affluant, progressive and safer Bogota, Colombia, land of poets and all things beautiful.

TobyBoy comments on First Latin Grammy for Filarmonica de Bogotá

Yep!

TobyBoy comments on What are the firearm laws in Colombia?

Great comment Chriscan -I totally agree.

TobyBoy comments on Gringo murdered in Armenia

JustisS, Thank you very much for being such a gentleman with our dialogue (-and I wish other PBH posters had your character). It means a lot to me, especially in a blog that should serve to help others. Actually, we are much alike when it comes to getting bored. I have lived throughout Europe, the US and Canada, and after a while, much of it can become a blur. I have aslo travelled extensively throughout Latin America. Threre are places that I love; Paris, Biarritz-Saint Jean de Luz, Salamanca, Valparaiso, Edinburgh, Firenze, Urbino, Casablanca, Lugano, just to name a few, but it is Colombia where I feel most at home, and never bored. The landscapes of Colombia are breathtaking, as much in beauty as in diversity; deserts, two oceans, thousands of lakes, mountains, lost cities, an ancient island town (Mompoz with rare artisans) pine-forests and jungles, and no less important, the sight of a delicious and nutritious fruit juice, wherever you happen to go. You are obviously a seasoned traveler (which you will need in a country not well-geared yet for tourists) so you should have no problems. Again, I sincerely wish you all the best!

TobyBoy comments on Gringo murdered in Armenia

I am sure there is RobertJorge, but nowhere as acute a problem as in the USA. I have four significant police officer friends in the US who have privately corroborated it. I wonder how many of my fellow US-Americans know the figures for kidnappings in the USA? Well, we could start with this assessment: http://en.wikipedia.org/wiki/Kidnapping

TobyBoy comments on Gringo murdered in Armenia

JustinS, I wish you all the best in Colombia. In fact you may be surprised to find how nice people are, and how safe it is. In the big cities you will need to be careful, as you know you would in any large city in the world. As for where I live, you should know that I have never lived in any ghetto, but I have helped many who do. Among other things, I have been a philanthropist. I love Colombia because I see it as a naiton fighting to improve its old democracy and way of life, a progresive nation while some others go backwards. I sincerely hope you discover that Colombia when you finally get to visit it.

TobyBoy comments on Gringo murdered in Armenia

Good grief ManInRed... Where do you get such inferences (re personal expereinces being fact) from? My point was simply this, while there is crime and corruption in Colombia, ther is cime and corruption in the US and everywhere else. As a New Yorker, I am still inconsolable at the fact a man was brutally sodomized by the NYPD and the outcry was so sadly muted by the public.

TobyBoy comments on Gringo murdered in Armenia

Funny think Morphus, I wear my baseball cap sideways when I visit el Bronx, and nothing's ever happened to me either!

TobyBoy comments on U.S. super bugs surface in Colombia:

You KNOW it!!!

TobyBoy comments on Gringo murdered in Armenia

What absurd comparisons… Tomtom 33: while I am happy that nothing has ever happened to you in rural Wisconsin, I can tell you that as a gringo American I have been victim of several muggings and crimes in my native East Side of New York, as well as in New Orleans, Baltimore and Palm Beach. My best friend was even stabbed to death in a very plush suburb of NYC while another co-worker of mine lost his daughter in affluent Columbine High School. I have also lived in Bogota for many years (in and out), and to date I have never been a vivitim of crime, moreover, I know many Colombians who have not been either. JustinS: I do NOT overexaggerate. Have you any idea how many municipalities have/are in trouble with their constituents in the US because they are under-reporting crime DELIBERATELY in order for tourism and investment not to suffer? Are you aware that Bogota (with 17 murders per 100,000) is today safer than MOST large US cities??? You are probably someone who believes that the anachronistic Right To Bear Arms in a great and patriotic thing. Well I DO NOT, and I while I pray for my fellow Americans, I leave you the US to do as you will in 2009.

TobyBoy comments on U.S. super bugs surface in Colombia:

I've seen it, but in recent years I have not looked for it. Sorry. -They are usually found in health-food stores. One can always purchase acidophilus as a similar supplement anyway. My secret is raw-uncooked honey daily. I have not been ill in over twenty years (not even a little cold with fever). I also love DARK chocolate.

TobyBoy comments on U.S. super bugs surface in Colombia:

Kunmis / Yogurst are good but they are diffrent from Kefir -which has more cultures.

TobyBoy comments on Gringo murdered in Armenia

Hi VickySanmon ! I have been meaning to do the research on the name-change myself but have been too busy. However, I met one of the Coffee Federattioin big-wigs recently and he explained the decision to me ...for tourism reasons. The big irony for me is that I had always hoped they would change the name since it was so hard for me to describe the pronunciation of "Eje" to my friends and acaquaintaces around the world –in different languages. Frankly, it was a pain the butt. Well, I think one fo us should defianltey look into it with the Federation. I will try to get back to you with a response. In the meantime, look what I just Googled: http://www.grupocolombiaturistica.com/triangulodelcafe.php

TobyBoy comments on U.S. super bugs surface in Colombia:

You are right about that Morphus, and than good lactate products are aslo so great in Colombia (...in fact, the French discovered this fact, and ar now buidling a alrger Dannone palnt in Bogota).

TobyBoy comments on Gringo murdered in Armenia

Igyon, I am a US-American that has spent a great deal of time in Armenia (I often rent vacation-fincas there) and I can categorically tell you that it is very safe. There is plenty of crime in Uruguay and even more in Argentina ..so please don’t believe the silly anti-Colombia posters who get a kick exaggerating stuff. Lately Pereira has seen a spike in crime and murders –but mostly drug related. Colombian cities and towns are safer than most Peruvian ones. Despite uninformed popular belief, crime statistics tend to be more accurate in Colombia, given the omnipresence of ONGs and the fact that more police are inclined to report the crimes in Colombia than in Mexico, Brazil or Peru, where cops often simply kill young (supposed-) hooligans instead of arresting them. The whole coffee growing region is indeed stunning (originally called the “Eje Cafetero” –but recently changed name to “El Trinagolo del Café” ..most people do not yet know this). Speaking for myself, even an offer of a billion dollars could not tempt me to return to the US –where crime is truly out of control and not making it to the media. Heck an 8 YEAR OLD BOY was recently arrested for shooting his father (and other adult) deliberately! …and let’s not even start to talk about what is in store in the States in 2009 where unemployment is going to go through the roof in a society where so many kids and adults carry concealed weapons! I am certain you will love Armenia! -best of luck!

TobyBoy comments on First Latin Grammy for Filarmonica de Bogotá

Colombia Rules indeed. The Filarmonice de Bogota; yet another treasure that foreigners have yet to truly discover.

TobyBoy comments on U.S. super bugs surface in Colombia:

I can't leave the USA for Bogota (permanently) qucikly enough!

TobyBoy comments on

Oh give it up Morphus, NO Colombia does NOT have a greed problem as malevolent as that of New York! …how much itme have you spent in NY or Colombia to be able to compare? Colombia does NOT have the greatest wealth-to-poor ratio in the world, though it is certainly not one of the best. Please start to study the facts here: http://en.wikipedia.org/wiki/List_of_countries_by_Human_Development_Index ..and don’t forget Colombia was raked NO. 1 in the Americas (22nd in the world) for health care, well above the USA (in 37th place) and just below UK (which was low within western Europe, in 18th place); see: http://www.photius.com/rankings/healthranks.html . Therefore, while Colombia, Brazil and Chile are leading the way in bridging the poverty gap annually, other nations like UK and USA are leading the way into a two class society, as the gulf between rich and poor continue to increase in those nations. By the way, I am far more sensitized to the issues of the poor in Colombia, UK and USA than you could ever possibly imagine …since you present yourself as an ingénue with regards to the facts about the poor.

TobyBoy comments on

No contest; Medellin would be my pick (-though I much prefer Bogota). I am true born-and-raised Manhattanite from the heart of the East Side, and yea, the energy is great in NYC -until you get to know the avarice that it is made of. "New York; greed capital of the world'"-as I call it, and now at warp speed going down the tubes, taking the whole country with it. Not counting the recent massive Wall Street lay-offs, the city government has also announced thousands of other lay-offs. With sincerely advice an escape to Colombia soon, irrespective of the better quality of life that you will find in cities such as Medellin or Bogota. About a year ago, a world-class Chef from a top NYC restaurant called Le Bernadin moved for that better quality of life and he set up shop in Bogota, and he has never looked back. I like your check--list.

TobyBoy comments on Latin America (Colombia) to be affected by the Credit Crisis

Hi La Huella, You will be happy to learn that President Uribe (this year) has already given the green light to re-furbish old railways and build lots of new ones -a real mega-project of new railways for Colombia. In fact, it is to be so extensive that when he met with President Lula earlier this year (in Leticia), the two agreea to build the first trans-amazonian raliway -and to give Brazilian goods Colombian-port access for exports.

TobyBoy comments on Latin America (Colombia) to be affected by the Credit Crisis

...Speaking of which, this just appeared in today's El Tiempo: "Política de seguridad democrática blinda a Colombia de crisis económica, dice Uribe El país está "entre los 10 países mejor protegidos" para enfrentar la debacle financiera que ha sacudido al mundo, aseguró el mandatario en un evento de la Policía. Uribe sustentó su tesis con un reporte de la firma Merrill Lynch sobre los países que mejor condición presentan frente a la crisis financiera mundial. Para Uribe, la seguridad democrática ha ayudado a recobrar la confianza inversionista y a obtener el resultado de esa firma de análisis de riesgo. En un discurso en el marco de la celebración de los 117 años de la Policía colombiana, afirmó que esa calificación es fruto del trabajo de policías y soldados en la implementación de esa política de lucha contra la violencia y el terrorismo. "La seguridad democrática (...) le permite a Colombia ser calificada hoy, como se está dando la noticia internacional, como uno de los diez países que arriba a esta crisis con la economía mejor protegida", destacó el gobernante. Según el informe sobre el análisis de riesgo de 44 economías mundiales que realizó Merrill Lynch, México, Nigeria, Filipinas, Colombia, Egipto, Indonesia, Perú, China, Rusia y Omán son las economías con menor vulnerabilidad en medio de la crisis financiera. Uribe recordó que en los últimos años las reservas colombianas pasaron de 10.600 a 24.000 mil millones de dólares, mientras que la cobertura en los bancos para la cartera morosa pasó de un 39 por ciento a un 110 por ciento." http://www.eltiempo.com/colombia/justicia/politica-de-seguridad-democratica-blinda-a-colombia-de-crisis-economica-dice-uribe_4661910-1

TobyBoy comments on Latin America (Colombia) to be affected by the Credit Crisis

Tinto, Once again, I thank you for your good help (in a response before). While your chart is a good comparison of “reserves & per capita”, standing vis-a-vis oil reserves (–which was not my initial point), I nevertheless do stand corrected because Brazil’s “production output” has also dramatically increased in recent years (and though I was aware of it, I did write about it in haste). Not to worm my way out of this ridiculous contretemp, but the truth is that I wrote my initial comment rather fast, and the focus of my comparison was Colombia vs. Chile, against which in this and various other posts I have had to point out my favored Colombian position. Nevertheless, we must all keep in mind that Colombia's actual oil reserves are still an unknown and quantity, and heavy exploration is only now beginning to take place again. With regards to output; the essence of my thesis was simply that all round; Colombia is uniquely positioned to weather the worst of any financial crisis ahead, better than most other nations, in Latin America or elsewhere. –That is what the original post is inviting discussions about, and not who has the biggest oil-rig. However, it is sad to see that the rest of my other very valid points about the plethora of Colombia’s natural resources are ignored, just so that someone can have fun attacking me in what should have been a more mature dialogue, about what is a very serious and cloudy future for all of us in the months to come …and I really hope I am wrong on this issue.

TobyBoy comments on Latin America (Colombia) to be affected by the Credit Crisis

Pedro, do not twist my words just so can insult me. Once again, READ what I said (penultimately): "...Colombia has the biggest reserves of Coal in Latin America, more oil, gas and gold reserves (just to name a few) than either Chile or Brazil (though recent figures for oil reserves vary a lot between Brazil & Colombia –but Colombia still has more per capita either way)." Irrespctive of reserves, Colombia has had more oil production PER capita than Brazil. I never addressed future output. Now, with regards to Gold, if you think there is no more gold to be mined in Colombia, then you'd better start telling companies to stop mining for it Colombia ! SEE: http://www.taomining.com/TAO_Ad.pdf ..if you dare. Have a good life.

TobyBoy comments on Latin America (Colombia) to be affected by the Credit Crisis

Pedro, I wish you had at lease READ the article before slinging your ubnfounded critique at me. I will attempt to paste again at least the relevant paragraph from the article, please take teh time to read it, as it is from 2008: "There are proven multi-million ounce deposits of rich gold under Colombian soil. Colombia is the highest-yielding nation in South America, having produced more than 125 million ounces of gold. But it is also the most under-explored and under-developed. With the notable exception of neighboring Frontino Gold Mines LTD -- which has produced over 5 million ounces of gold in the Segovia area -- the majority of local miners have not had the resources or technology to sustain maximum production." Now wiht reagrds, to your so called figures; it is emabrrasing to see that your "analytical skills" be so milsleading. Did you happen to notice the DATES of your supposed sources? Have you any idea why Ecopetrol BP and otehres aregoing gangbusters THIS year exploring for oil in Colombia? I'm outta here, whata waste of time these exchages can be. I have better things to do while the world's economy starts to burn. Ciao.

TobyBoy comments on Latin America (Colombia) to be affected by the Credit Crisis

Pedro, I am quite sure about Colombia's abundance of natural resources. While Chile may have more copper, Colombia has the biggest reserves of Coal in Latin America, more oil, gas and gold reserves (just to name a few) than either Chile or Brazil (though recent figures for oil reserves vary a lot between Brazil & Colombia –but Colombia still has more per capita either way). Colombia is truly better poised to survive much better the worst global tempest. Certainly it will be felt hard, but compared to the rest of Latin America –but especially the world, it will be as good as it can be. While I do not have the time to continuously have to provide proof as you and others ask, please note that this information is always available to those of you who are really interested (on line, etc.). Nevertheless, I have pasted below one recent article that points out the fact that Colombia is No. 1 in Gold reserves from http://www.redorbit.com/news/entertainment/490221/mgm_mineral_resources_acquires_exceptional_property_in_colombias_high_yielding/index.html . The rest is even easier to verify on your own. ___________________________ MGM Mineral Resources Acquires Exceptional Property in Colombia's High Yielding Gold Zone Posted on: Wednesday, 3 May 2006, 09:00 CDT Metro Gold Mines Mineral Resources Inc. (OTC: MGMX), a growing gold mining company engaged in the acquisition and development of production properties in South and Central America, announced that it has completed the acquisition of La Esperanza gold mine. La Esperanza is located in Segovia, the richest, most gold-bearing municipality in Colombia. There are proven multi-million ounce deposits of rich gold under Colombian soil. Colombia is the highest-yielding nation in South America, having produced more than 125 million ounces of gold. But it is also the most under-explored and under-developed. With the notable exception of neighboring Frontino Gold Mines LTD -- which has produced over 5 million ounces of gold in the Segovia area -- the majority of local miners have not had the resources or technology to sustain maximum production. MGM Mineral Resources is working to modernize operations and maximize profitability of La Esperanza mine, which is located within the province of Antioquia where between 60 and 80 percent of the nation's gold is produced. Through partnerships with local and federal government authorities and the surrounding communities, the company is ramping up the mine to achieve full production capacity. MGM Mineral Resources believes it can significantly accelerate the extraction process, increase overall productivity and lower production costs. "MGM Mineral Resources has been working to acquire La Esperanza since its inception and it is extremely gratifying to see this exceptional property become part of our portfolio," said Ken Lamb, President of MGM Mineral Resources. "The Company is very excited about La Esperanza's prospects and would like to thank Mr. Jairo Giraldo, our CEO, for orchestrating this acquisition. Mr. Giraldo is a highly respected figure in the Colombian mining community with more than 40 years of proven experience in the industry. Due in large part to his hard work, close relationships with government and industry officials and excellent reputation we are able to embrace this opportunity." "We are working on releasing the results of our geology reports, which will outline just how extensive a project this mine will become," said Chairman and CEO Jairo Giraldo. "La Esperanza is located within our country's richest gold zone. We are highly pleased with what we have seen so far. We believe this acquisition has the potential to significantly improve our bottom line and increase shareholder value." About MGM Mineral Resources (OTC: MGMX) Metro Gold Mines Mineral Resources Inc. is a growing, expertly managed gold mining company focused on acquiring and producing an impressive portfolio of exploration and production properties in South and Central America. MGM Mineral Resources is working to establish itself as a world-class gold company, capitalizing on smart acquisitions, leading edge technology, modernized operations, deep industry expertise and a strong gold market to cost-effectively produce high quality gold. The company has identified a significant opportunity to exploit proven but under-developed mineral resources in Colombia and is in the later stages of negotiations with several high grade gold and silver properties. MGM Mineral Resources is initially targeting the richest gold zone in Colombia, where between 60 and 80 percent of the nation's gold is produced. Forward-Looking Statements Statements contained in this news release, which are not historical facts, are forward-looking statements within the meaning and pursuant to the Safe Harbor provisions of the Securities Litigation Reform Act of 1995 that involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things: volatility and sensitivity to market prices for gold; replacement of reserves; procurement of required capital equipment and operating parts and supplies; equipment failure; unexpected geological or hydrological conditions; political risks arising from operating in certain developing countries; imprecision in reserve estimates; success of future exploration and development initiatives; competition; operating performance of the facilities; environmental and safety risks including increased regulatory burdens; seismic activity, weather and other natural phenomena; failure to obtain necessary permits and approvals from government authorities; changes in government regulations and policies including tax and trade laws and policies; ability to maintain and further improve positive labor relations; and other development and operating risks. Although MGM Mineral Resources believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this report. The company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Contact: For further information on MGM Mineral Resources please call: 905 704 8026 SOURCE: MGM Mineral Resources Source: MARKET WIRE

TobyBoy comments on Colombia - a good intro to South America travel?

Hi Eric, I agree very much with what Jonas has already stated, and I would leave Colombia for last, this way you can better appreciate its hidden magnificence …I would also add that it generally is safer these days than most of South America. Bogota alone has so much culture and an incredible culinery scene, that you will enjoy true quality of life, especially if you want to avoid the nightclubs (of which there are many too). Save the best for last; let Colombia embellish you with its passion.

TobyBoy comments on first time in Bogota

What bad things? Bogota is awesome ...a world class cutural Mecca, It's a very big city, so just be prudent, but statistically, it is now safer than Pereira (which I've also enjoyd very much) and it is the second safest capital is South America. Have fun!

TobyBoy comments on Latin America (Colombia) to be affected by the Credit Crisis

Agree totally Tinto.

TobyBoy comments on Latin America (Colombia) to be affected by the Credit Crisis

Thanks for the article but I find it very sloppy and uninformed. Some of my previous posts have illustrated or alluded to the fact that both the IMS and World Bank, etc. have already distiguisehd the Colombian and Chilean economies as being able to weather the sotrm better than te rest of Latin America. In fact, this has been a mian reson why the EU is now looking for a bilateral FTA with Colombia -as it was announced today. Those of you truly informed about the reasons for the growth of the Colombian economy in recent years know the following fact(s), which I call the “Colombian Singularity (made-up of three components):” 1. Colombia’s GDP is principally catalyzed by internal consumption, far more than any other large Latin American economy. While exports of course play an important role (like for everyone), Colombia can still chug-along in a worst case scenario because of a well-developed infrastructure of commerce and banking system (that even influences its neighbors, more than the converse). Remember, Colombia’s growth has been by ar more driven by internal investment than by foreign investment, in sharp contrast to the case of Chile –and to some degree Peru (with its FTA/TLC). 2. Colombia has a much larger and more diverse natural resources pool “per capita” than any other Latin American nation, by far, and year-round growing seasons and an uninterrupted flow of oil (and refineries) even if an OPEC oil embargo were to ever take place. 3. Last but not least; Colombia’s monetary policies (as demanding as they may be for die-hard capitalists) is the envy of Latin America. …Remember; Colombia has the only major economy in the region whose currency has NEVER has any major devaluation or crash. All of this is beautifully packaged by the fact that Colombia’s democracy, despite its failings, is still the most mature and seasoned democracy in Latin America –a fact that even the most ardent Colombia-haters amongst you cannot argue with historians about. The ONLY major concern that I have (RE: economy), is that Colombia/ns may over-invest in US-Dollars in the weeks to come, thinking it will protect them.

TobyBoy comments on Another MUST see RCN News in English segment...

Yep Mongo, I agree. Brian Andrews had an impressive Resume before arriving in Bogota, as he has worked around the globe, and it clearly shows. His sophisticated webcast is punctuated by the fact that it can reach the diverse group of people -that is his worldwide viewership; for all ages and economic strata. I seldom miss his newscasts. Cheers.

TobyBoy comments on Another MUST see RCN News in English segment...

Thank you Mongo for responding to Tolu. As someone who feverishly works daily to prevent US mediocrity from creeping inot into Colombian culture, I could not be more proud of the fine work that Brian Andrews and RCN are doing. It is not even worth it for me to respond furtherto Tolu's deliberately and bombastic critique. I only enjoy intelligent discourse. Envy is never a healthy virtue worthy of acknowledgement.

TobyBoy comments on Another MUST see RCN News in English segment...

Lighten-up Tolu. ...And just what do you know about journalistic sophisttication? RCN News in Engilsh is not pretending to be most important WEBcast in the world. However, IT IS the MOST important and highly relevant webcast to be broadcast twice a day in English, from Colombia to the world, reaching remote places (like Afghanistan) where it is difficult to obtain image-feeds about Colombia for those of us who really care. I would certainly like to see how truly mediocre similar webcasts from other nations would result compared to the great and timely work of Brian Andres and his VERY professional RCN news team which make the most (and with great diversity) of such a short time-slot webcast.

TobyBoy comments on I´m thinking about FORCLOSING on my condo and moving to South America - ADVICE?

Pardon my typos pls.

TobyBoy comments on I´m thinking about FORCLOSING on my condo and moving to South America - ADVICE?

CdxxFriend: Again, I heartfully agree with your penultimate entry (addressed to me). Thank you. ..Oh, and remember; we also have no more time to worry about those who would insult us either. I do not consider me a believer in "conspiracy theories," I am just consider myself as someone with eyes wide open.

TobyBoy comments on I´m thinking about FORCLOSING on my condo and moving to South America - ADVICE?

Briarblue Sorry, but your analysis of me could not more wrong, but you are free to attack me personally all you want here. Have fun. However, you should know that I left my native Manhattan many years ago because I did NOT want to live in a city which I consider to be the Greed Capital of the world. If you think that I want to make profit out of people's suffering, then that is really an insult, and you may soon be gnashing your teeth when you and others come looking for me later for financial advice during the coming global crisis. Still, despite your insults, I will try to help you. That is who I really am.

TobyBoy comments on I´m thinking about FORCLOSING on my condo and moving to South America - ADVICE?

So much noblesse oblige by so many well-intentioned posters. I wonder where it all was during the 2000 election. If the US becomes bankrupt soon, how many of you are going to be concerned about your credit scores? In France, such a thing as Credit Scores are inconceivable, and with their tight money policies (like Colombia) their real estate is still doing fine these days.

TobyBoy comments on I´m thinking about FORCLOSING on my condo and moving to South America - ADVICE?

Thanks a million again Gringoloid. Yea, I've been monitoring the CFR since I was a teen -heck even Carter was a member -they've all been/are. Somehting is definately cooking and it stinks more than a good Tamal Tolimense. I am afraid that part of it (though unrelated perhaps) will be Chop Sui, and I am not just refering to the recent Chinese espionage hacking of the White house. That is just the soy sauce on the surface.

TobyBoy comments on I´m thinking about FORCLOSING on my condo and moving to South America - ADVICE?

WOW cdxxfriend! …Did you just read what Turnmeon said above? It is exactly what I have been saying sporadically, one way or another throughout PBH for a while now. Few are listening, and I even get attacked for being such a realist, often with very trite comments. Some people are more concerned with protecting their ego-filled points of views than with listening to reason. It was the same during the 1930s in Germany. A few Jewish families felt the impending doom -and managed to get away before the onset of hostilities, while most did not. There is no time left for arguments, and I sure cannot get bogged down anymore trying to wake up people still sleeping –many of which think that things will turn around in about a year or so. While I pray they are right, I will stake my life on saying they are wrong. We are entering a seriously bad period in world history, and its epicenter will be the USA. But to get back to your follow-up question; I would defiantly avoid Europe (especially UK –where new laws being enacted are even going to make the miserable even more so), but in particular trouble will be Canada (which despite its natural resources remains too dependant on the US for goods and many services, especially during winter), and certainly NOT Mexico, where like Venezuela, the crime is so out of control that it is mostly not even tabulated correctly by government officials –often deliberately. Like Turnmeon said; Colombia will be truly safe compared to the rest of the world –and I have been studying this for DECADES. Another suggestion I might make is to transfer your cash, whatever you have, into Euros or Swiss Franks. Though not totally sure about it -I actually believe that the Colombian Peso will kick butt over most currencies in the months to come, and though it may at first be perceived as a problem in Colombia (for exports) -it may actually save Colombia fromthe worst of things to come. There are some foreign banks that will allow you to open accounts in other currencies (even internet only), even if you are a US citizen, including of course, in Colombia.

TobyBoy comments on without british soldiers simon bolivar could never win

Very well said Pedro.

TobyBoy comments on without british soldiers simon bolivar could never win

Is you wife Venezuelan? Did she ever study in Colombia? I did, and I sure as heck learned about it. Does she also know that Bolivar wanted to become king? -and that Santander woudl not have a Monarchy in La Gran Colombia/Nueva Granada? I also learned about pirates, and especially the British ones.

TobyBoy comments on I´m thinking about FORCLOSING on my condo and moving to South America - ADVICE?

Oh. and Cdxxfriend .. I agree with much of the advice alreay menitoned; always rent first..