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El Dorado is a name that evokes limitless riches and wealth. The tales about this fabulous city of gold inspired countless expeditions, that often had tragic consequences. Furthermore, the story of the fabulously wealthy city was to play a very important role in the history of Latin America. Those who sought the fabled city place helped to explore the continent and even destroyed native civilizations. Moreover, the name El Dorado has entered popular culture and the story has inspired countless movies and books. The question arises, was the story of El Dorado based on a real cityplace, lost in the jungle, that was part of some undiscovered civilization. This article will argue that there was a historical basis for the story of the fabled city of gold.