The Terminator in the goldfields: speculative affects in an extractive frontier in Colombia

Abstract

This article analyses the relationships among speculative rumour, everyday storytelling, and financial speculation that impact small‐scale gold mining towns in Colombia. By following the stories surrounding the visit of Arnold Schwarzenegger to Marmato, a mining town in central Colombia, and its consequences, I explore how people speculate about such ‘speculative’ visits so as to reframe the events as part of wider colonial histories. I aim to comprehend the affective constellation of lives criss‐crossed by financial speculation and the political openings created by rumour, storytelling, and fabulation. I argue that people locate the Schwarzenegger visit as part of a crisis‐ridden history that counters the narratives of modern and responsible mining. The argument contributes to the conceptualization of speculation in anthropology, as well as to questions of history, temporality, and politics of extractive frontiers. The article is based on ethnographic fieldwork carried out between 2016 and 2019 in the central Andes of Colombia and with governmental and corporate representatives.