Mexico’s City of Gold Sells It Cheap. Washington Says Do Not Go
Iguala has sold gold for generations and does it cheaply. It also sits in a state the US tells its citizens to avoid entirely. The post Mexico’s City of Gold Sells It Cheap. Washington Says Do Not Go appeared first on The Rio Times .
Iguala in Guerrero state, Mexico, is known as the City of Gold due to its long-standing jewellery trade. This trade has been happening for generations, with family workshops specializing in filigree, chains, beads, and gold sheet. The city is situated roughly midway between Mexico City and Acapulco on the old highway, making it a convenient destination for buyers from across the country.
Prices in Iguala are described as "fairly attractive," but no specific figures are published for per gram, per ounce, or typical finished piece prices. Bargaining is common in the plazas, and a quoted first price is rarely the final one. Travelers are advised to visit the historic centre, where the trade concentration lies. Local reporting indicates incidents of kidnapping, armed attacks, and a killing in Iguala, leading the United States State Department to issue a Level 4 advisory for the state, advising against travel.
The recent incidents, while specific, do not represent the entire situation, as many Mexicans still travel to Iguala without incident. The city is known for its skilled goldsmithing and jewellery trade, with the Plan de Iguala and the first Mexican flag being significant historical events tied to the city. Visitors should be aware of the security situation and take precautions, such as going by day, staying in the centre, and avoiding highways at night.
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