Eldorado: the myth Eldorado or El Dorado (Spanish abbreviation for El indio Dorado) is a legendary place where immense quantities of gold and precious stones are said to be kept, as well as ancient esoteric knowledge. Originally called El Hombre Dorado ("The Golden Man") or El Rey Dorado ("The Golden King"), it was the term used by the Spanish in the 16th century to describe a mythical chieftain (zipa) or king of the Muisca people, an indigenous people of the Altiplano Cundiboyacense, Colombia, who, as an initiation rite, covered himself in gold dust and immersed himself in the Guatavita lagoon....