Thursday, 12 May 2016

The Real Price of Gold

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It's strange how our society values things that are relatively worthless and convinces people that not only do they need them, but they should pay a lot for them. I've heard of blood diamonds and decided way before I got married not to get a diamond wedding ring. Precious metals also have a dark side to them.

I recently came across this article published by National Geographic in January 2009 about the real price of gold. While 7 years old it still holds true today. With Incas, coca, pisco, an ancient lottery system that is still used today, Quechua, shantytowns, and the impracticality of gold it makes for an interesting read.

Gold is Peru's biggest export and Peru is the fifth largest exporter of gold in the world. All this comes at a price though. 

At 13 pages it is a bit of a long article, but it's thought-provoking and makes me think how first world countries take advantage of third world countries. Other countries such as Indonesia, India, China, and the US are mentioned as the history of gold is discussed.

Some people believe that the bubble has burst and that gold will no longer be as highly valued as it is today.Gold Bubble: Profiting From Gold's Impending Collapse discusses the history of gold and talks about what the future brings.

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Tuesday, 12 April 2016

How to Give Up / Renounce Peruvian Citizenship

Some foreigners decide to become naturalised Peruvian citizens. They move to Peru and Peru becomes their home. Sometimes Peruvians decide to leave Peru and sever all ties. One way to do that is by renouncing (or giving up) Peruvian citizenship. If you do this you will no longer be a Peruvian citizen and will have to hand your DNI and passport over to the embassy.

Usually to do this you will need to have another citizenship since being stateless is not something you should become unless there are dire circumstances. If that's the case, then what you usually need to do is go to another country and declare yourself as a refugee. Rules vary country to country.

Assuming that you already have another citizenship the process to renounce Peruvian citizenship is pretty straightforward. You have two choices: you can either do it at a Peruvian embassy/consulate abroad or in Lima at the Superintendencia Nacional de Migraciones aka migraciones. The information below was taken from the Chicago consulate's website:
The time varies depending on whether you do it in Lima or abroad. If you're doing it abroad it varies on the embassy/consulate due to holidays and such, so be sure to ask. Keep in mind that just to get a DNI abroad it takes 2-3 months. So don't expect this to be instantanous. In addition, if you're giving up Peruvian citizenship in order to try to avoid being prosecuted for breaking the law, don't expect your request to be granted.

The information above it only for those over the age of 18. You're not allowed to renounce citizenship on behalf of a minor. If you aren't sure if you want to renounce Peruvian citizenship or if you're hoping your minor children will do it in the future, here are somethings you can do.
  • First,change your DNI to show an address abroad so you won't be fined for not voting
  • Secondly, cut ties with Peru: close bank accounts, sell property, don't visit, etc.
  • Third, even though it might be tempting to destroy documents such as birth, marriage, or death certificates, or your DNI or passport: don't do it. Just keep them since destroying them could cause you legal problems. 
  • Lastly, don't renew your DNI or passport. Simply let them expire. For all intents and purposes Peru won't be able to keep tabs on you and you can just disappear. 
That's about it. It's a bit step to take, so make sure you're ready before you sign any papers.

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