Is sustainable Gold important when considering buying gold?

The dark side of gold

Gold is no longer a means of payment today, but you can buy and sell coins or bars as an investment at any time. The price is set anew per troy ounce. This process is called “fixing”. Gold is also a popular and valuable material for jewelry.Most likely, gold will never lose all of its value since its quantities are limited worldwide. So it is a crisis-proof facility. Stiftung Warentest, however, expressly points out that the gold price can fluctuate significantly and is therefore a speculative form of investment. For example, if you buy at an expensive gold price and want to sell when the price has dropped, you will suffer a loss.In addition to these considerations, you should also be aware of the dark side of the precious metal. Because the path of gold begins in a gold mine. The work there is often at the expense of workers and the environment. But is there also sustainable gold?

 

Problematic gold mines

Gold mines often have little to do with sustainable raw material extraction. The environmental organization Rettet den Regenwald e.V. reports of often catastrophic conditions in gold mines. Many of the large mines are located in South America, Asia or Africa. Open pit gold mines tear large craters into the landscape. The situation is only slightly better for mines that ransack entire mountains.