Gold News: How Much Gold Is Thrown Away? | The Mesh Report

Gold News: How Much Gold Is Thrown Away?

Mike Hammer January 9, 2018 Comments Off on Gold News: How Much Gold Is Thrown Away?

It’s like the winning lottery ticket that got lost.  We like to talk about gold as a permanent asset, like it never goes away.  We usually think gold is mined out of the ground (or sifted from a river or ocean), then made into bars, coins, or jewelry, then stays that way forever.  At the very least, jewelry is sold to a pawn shop, melted down, and used to make more jewelry. Today’s gold news reminds us that the real world isn’t so simple.

Gold is used in electronics whenever a circuit designer needs a completely non-corrosive conductor, usually in fine wires or protective casings for electronic parts. And while many cities and states require recycling of electronics, a lot of gold still gets simply thrown out with the trash.

A staggering 15 million ounces worldwide, according to the latest estimate.  Or, if you prefer thinking in money, $22 billion worth of gold went into trash dumps in 2017.  Almost makes one wonder why they don’t mine trash dumps.

Continue Reading At The Gold Enthusiast

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