Mining Gold

Gold Mining comes with a price and a heavy one at that. Gold is costing the planet and its people far more than the metal itself is worth. According to the EARTHWORKS (a non-profit organization dedicated to protecting the environment from the destructive impacts of mineral development) the production of one gold ring generates 20 tons of wastes - See source research here.

Gold mining is one of the world's dirtiest industries: it uses cyanide, generates tons of waste, and leaves a long-lasting scar on landscapes and communities. In places as diverse as Ghana, Indonesia, Peru and the United States gold mining operations have displaced people from their homelands against their will, destroyed traditional livelihoods, and damaged ecosystems. Given that 80 percent of all gold is used to make jewellery, recycling your old gold jewellery is good for the environment and also good for you pocket.

Gold in antiquity was relatively easy to obtain geologically; however, it is estimated that 75% of all gold ever produced has been extracted since 1910. Gold bullion is Gold in the form of bars, ingots, or plates.

The term Gold Bullion is used to define quantity rather than value. In financial terms bullion is defined as Gold and Silver that is officially recognized as high quality (at least 99.5% pure), and is in the form of bars rather than coins.

Gold Commodity

Gold is used for different purposes, and these include commodity uses. Industrial applications of gold account for about 10% of demand each year. Demand for gold as jewellery absorbs around 75% of the gold supplied to the market each year, with the balance made up by investment. Gold is certainly included in the leading tradable commodity indices. So for practical purposes, gold is viewed by most as a commodity.

ForgottenGold.com Pays More!

As heard on Pat Kenny's Today Show, on Wednesday 3rd of February, 2010, ForgottenGold.com pays more than any other national gold buyer. In fact Pat's researcher found during an anonymous survey that ForgottenGold.com pays up to 17% more than other national service providers. This is further proof that we are the leaders in the Irish Market.

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