Gold Market Analysis – Selected Aspects

  • Barbara KOWAL AGH University of Science and Technology, Cracow, Poland https://orcid.org/0000-0003-4395-1140
  • Szymon PRUSAK AGH University of Science and Technology, Cracow, Poland
  • Przemysław POKUSA AGH University of Science and Technology, Cracow, Poland
DOI: https://doi.org/10.29227/IM-2023-02-54
Keywords: gold, metallic raw material, precious metal, deposits, mining, use, recovery, illegal mines, gold rivers

Abstract

Metals and precious stones are precious mineral raw materials. Precious metals include gold, silver, and platinum, while the group of
precious stones includes, among others: diamonds, rubies, emeralds, sapphires, and many others. Gold as a mineral has no significant
economic importance and as a metal, it is of little use. However, it has long been a symbol of power, wealth, and security. This symbolism
is the basis of the value of this precious metal.
The article discusses selected aspects of the gold market. It presents information on the origin of gold and the location of places with
the largest gold deposits in the world. It presents the largest gold producers and leading mines, where the level of extraction accounts
for almost 12% of global gold mining. It presents possible directions for the use of gold, which is used mainly in the jewelry industry, in
dentistry, and as an investment. Additionally, the social and natural aspects of gold mining were presented. The authors pay particular
attention to illegal "mines" that do not comply with fair trade activities and whose activities degrade a large scale of rainforest areas.

Published
2024-02-19
How to Cite
KOWAL, B., PRUSAK, S., & POKUSA, P. (2024). Gold Market Analysis – Selected Aspects. Test, 2(2 (52), 37–44. https://doi.org/10.29227/IM-2023-02-54
Issue
Vol 2 No 2 (52) (2023): Inzynieria Mineralna
Section
ARTICLES

Copyright (c) 2024 Barbara KOWAL,Szymon PRUSAK,Przemysław POKUSA

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