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August 6, 2012 |
Gold
The pursuit of gold medals has athletes and fans focused on the Olympic games in London, but the pursuit of gold is a worldwide obsession that extends far beyond the realm of sport. Investors and speculators drove the price of gold to dizzying heights a year ago as they sought refuge from volatile markets. Seeking gain in an uncertain recession, millions of people trade old jewelry as cash-for-gold businesses flourish. Throughout the ups and downs, gold extraction continues far from the glory of sports and the frenzy of markets. Gold is dredged, mined, and panned in operations large and small, often at great risk to miners. Processing gold with cyanide and other chemicals involves dangerous environmental hazards. What results is undeniably beautiful. Gathered here are images of people extracting, processing, refining, buying, selling, celebrating… all of them going for gold. -- Lane Turner (36 photos total)

A small-scale miner holds his gold that was melted together at a processing plant north of Ulan Bator on April 5, 2012. Mongolia is home to some of the world's biggest unexploited mineral deposits, and has become one of the hottest destinations for billions of dollars of mining investment. (David Gray/Reuters)

Reynaldo Elejorde, a former farmer and now a small-scale miner, shows a gold tooth made from particles he and his family gathered at a mining site in Mt. Diwata in Mindanao, Philippines. The Philippines is believed to have some of the biggest mineral reserves in the world -- the government estimates the country has at least 840 billion USD in gold, copper, nickel, chromite, manganese, silver and iron ore deposits, but the minerals have been largely untapped, partly because of a strong anti-mining movement led by the influential Catholic Church. (Ted Aljibe/AFP/GettyImages) #

An informal gold miner is roughed up by Peruvian riot policemen during clashes in the town of Puerto Maldonado, Peru on March 14, 2012. More than sixty people were arrested,at least three people killed, and 29 injured during protests against a new government decree that criminalizes illegal mining activity. (STR/AFP/Getty Images) #

Papuan villagers gather in a river to pan for gold after sludge containing gold leaked from a pipeline of US mining giant Freeport-McMoran in Kwamki Lama, Indonesia. Striking Freeport workers said the leak was due to corrosion and were demanding at least an eight-fold increase in the current minimum wage of $1.50 an hour. (Tjahjono Eranius/AFP/Getty Images) #

Artisanal gold miners pass up pans of sediment from an open-cast mine near the town of Mongbwalu, Democratic Republic of Congo on April 28, 2012. It is one of many areas of the country to have experienced bitter ethnic conflict between rival tribes in recent years. Massacres have left tens of thousands dead. (Jonny Hogg/Reuters) #

A man repairs a damaged water pump at a gold mine in Madre de Dios, Peru on August 25, 2011. Perhaps nowhere else in the Amazon is the battle between mining's economic possibility and environmental impact more apparent than in the state of Madre de Dios, where thousands of people depend on the industry to survive and a majority of miners operate illegally. (Dado Galdieri/Bloomberg) #

A worker walks through the Pueblo Viejo mine in Sanchez Ramirez province in the Dominican Republic on March 20, 2012. One of the world’s largest gold mining operations, run by a joint venture of Canadian companies Barrick Gold and Goldcorp, is about to open in the Dominican Republic, where the industry has a toxic legacy of pollution that stained rivers a searing red and failed to lift the fortunes of this largely poor country. (Manuel Diaz/Associated Press) #

Indonesian police clash with striking workers of US gold and copper mining company Freeport McMoran in Timika, Indonesia on October 10, 2011 where police shot and killed one protester and wounded another after the striking workers pelted them with stones, injuring seven policemen. (Tjahjo Eranius/AFP/Getty Images) #

Andean people protest against Newmont's proposed $4.8 billion Conga gold mine near the Cortada lagoon in Cajamarca, Peru on November 24, 2011. Protesters and farmers say the mine would cause pollution and hurt water supplies by replacing a string of alpine lakes with artificial reservoirs. (Enrique Castro-Mendivil/Reuters) #

Locals stand on the Phaung Daw (Royal Boat) during the annual 18-day Phaung Daw Oo festival at Inle Lake, Myanmar on October 4, 2011. The boat houses five statues of Buddha gilded with gold leaf, which are believed to have been brought there by one of the kings of Bagan in the 11th century. (Soe Zeya Tun/Reuters) #

Angelito "Karat Chef" Araneta Jr. looks at his edible water dragon sculpture made of gum-paste icing inside a restaurant in Manila on January 20, 2012. The sculpture is coated with 24k gold leaf and adorned with 17 Mikimoto pearls and two diamonds on the eyeballs. Angelito made the sculpture, which costs around 600,000 pesos ($13,863), for the Lunar New Year. (Romeo Ranoco/Reuters) #

A client whose face is covered with gold is seen at the Viet My beauty salon in Hanoi on February 13, 2012. Viet My is one of a small number of salons in Vietnam that provides 24k gold leaf face mask therapy, said to help make skin whiter. A single facial costs 1.8 million Vietnam dong ($86.41). (Kham/Reuters) #