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How to Enjoy Gold and Help the Environment at the Same Time

28 March, 2023

 

gold jewelry

Gold has been among the world's most valuable and sought-after metals for centuries. It has been used as a symbol of wealth, power, and prestige and remains a popular choice for jewelry today. However, the environmental impact of gold extraction and mining involves energy-intensive processes that cause severe damage to the environment.

Gold mining often involves toxic chemicals such as cyanide and mercury, which can contaminate soil and water sources and harm local wildlife and ecosystems. It also requires large amounts of energy and water, contributing to greenhouse gas emissions and water scarcity.

Gold mining can have significant negative impacts on native communities, mainly when it occurs on or near their ancestral lands. Here are some ways in which gold mining can affect native communities:

  1. Displacement: Gold mining often requires the clearing of large areas of land, which can result in the forced displacement of native communities from their homes and traditional lands. This can lead to losing access to important cultural sites, traditional foods, and other resources.

  2. Environmental degradation: Gold mining can cause significant environmental degradation, including soil erosion, deforestation, and pollution of waterways. This can harm the natural resources that native communities depend on for their livelihoods and cultural practices.

  3. Health impacts: Gold mining can also have negative health impacts on native communities. Exposure to toxic chemicals used in the mining process, such as mercury, can cause serious health problems, including neurological damage and birth defects. Native communities may also be at risk of contracting diseases from exposure to contaminated water sources.

  4. Social disruption: Gold mining can disrupt traditional social structures within native communities, leading to social conflict and division. This can also contribute to the erosion of cultural practices and the loss of traditional knowledge.

 

Gold mining can have profound negative impacts on native communities, including displacement, environmental degradation, health impacts, and social disruption. It is essential to ensure that mining companies engage in responsible practices that respect the rights and needs of native communities.

Despite these environmental concerns, the demand for gold jewelry remains strong. People are drawn to this metal's beauty and prestige, often overlooking its extraction's environmental costs. However, there are alternatives to using newly mined Gold in jewelry production.

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One option is to use recycled Gold. Recycled Gold comes from old jewelry, electronics, and dental fillings and can be melted down and reused in new jewelry. This option reduces the need for new mining and extraction and helps to conserve natural resources. However, each ounce of mined Gold is estimated to produce approximately 250 tons of blasted rock, 11,000 kilowatt-hours of wasted electricity, 300 gallons of arsenic-polluted water, 6 tons of carbon emissions, 9 lbs of lead, 5 lbs of arsenic, 3 ounces of mercury, and 3 ounces of cyanide.

Another alternative is to support environmental NGOs through gold donations. This has become a new alternative for charities with the advent of Ethical Gold, the first public charity permitted explicitly by the Internal Revenue Service to convert donated Gold into monetary awards for nonprofits. 

Ethical Gold's mission is to facilitate a new source of income from the gold property for charities. A single ounce of donated Gold means hundreds of dollars in new philanthropic funding and creating significant social and environmental benefits. 

Grants are awarded only to qualified U.S. charities with 501(c)(3) status that does not promote hatred or violence. Donations may include any gold property, of any karat type (10K, 14K, 18K, 22K, and 24K), in any form or condition, including rings, necklaces, brooches, pins, watches, findings, fillings, and decorative objects. 

Ethical Gold receives the donated property, physically tests it to determine its gold content (assaying), and emails a donation receipt for 100% of the market value of the donated Gold and a detailed valuation report.

Jewelry box

Ethical Gold then sends the designated charity a check for 70% of the gold value for unrestricted use in about 4 to 6 weeks. The 30% balance covers the costs of precision metal analysis, assaying, security, processing, and technology. Importantly, this beneficial recycling/upcycling charitable program helps reduce the need for gold mining activities that tremendously impact Earth and people.

In addition, consumers can make more informed choices when purchasing gold jewelry. For example, they can choose jewelry made from recycled Gold or from companies that prioritize sustainable practices and ethical sourcing. They can also opt for simpler designs that use less Gold, reducing the environmental impact of their purchase.

In conclusion, while people love gold jewelry, the environmental impact of gold extraction and mining is significant. However, alternatives such as recycled Gold and gold donations to environmental NGOs exist. By making more sustainable choices, we can enjoy Gold's beauty and prestige while protecting our planet.

 

 

Image by Hannah Alkadi from Pixabay

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