Which are already popular. Investment gold will only become more expensive The role the metal plays in the global economy is likely to remain the same under any scenario. Like Renaissance art, gold is valuable precisely because it is scarce. The cessation of production will not stop the process of buying and selling for bank vaults, but, on the contrary, will make existing reserves more valuable. Economics of education Golden people: where to get scarce personnel for mining Inspiration can be found in other transitions Like gold, fossil fuel mining also harms the environment. However, the main difference is that oil, gas and coal provide people with heat, energy and fertilizer. They are difficult to replace quickly.
It took decades of research and investment in clean energy whatsapp mobile number list technologies to transition to other resources. This process is still ongoing. The search for gold substitutes does not require complex research. by simply mixing it with other metals. Investors will be able to replace shares with other assets. And the industry can continue to use recycled gold in difficult-to-replace areas. Already, almost 25% of the annual demand for the metal is covered by recycling. Steps to Stop Mining Responsible reductions in gold production will take time.
Experts believe that this should be taken care of today, and some companies have already heeded their advice. For example, major jewelry brands have committed to using only recycled metal by 2025. Apple has set itself the same goal by 2030. In order to reduce the supply, the world must stop mining exclusively gold. You can focus on copper mines, where the metal is extracted as a by-product. Ecologists advise investors to stop investing in new mines. Their appeal goes to financial groups such as the World Bank , which has invested $800 million since 2010 in gold mining in Africa.