Gold is a pure element; a type of metal that is incredibly valuable. For this reason, it is worth mining gold. Gold can be sold at a very high price, and will be worth more if it is in a purer form. Mining organizations have the potential to make large profits from discovering and selling gold.
Over a century ago, it was not uncommon for countries to seek out new lands that could be exploring for gold. Expeditions would be undertaken that aimed to discover gold mines that had yet to be mined. However, in the 21st century, the planet's natural supply of gold is running out. Some say mining is no longer worthwhile due to the fact there simply isn't any gold left in the ground. As with any business plan, mining is not worth while if they cost of mining the gold (labor costs; equipment costs; costs of purchasing land) outweigh the revenue that will be gained from selling the final product. Mining can therefore be risky, as a company can never be sure how much gold will be discovered.
That said, many companies still do mine gold due to its high value. It is a precious metal for a number of reasons:
• Gold is very strong and non-reactive, meaning objects made from it are unlikely to break, rust or deform. It is widely used to produce jewelry.
• Gold, despite its strength, is slightly malleable, meaning it can be manipulated to produce the shape desired. This makes it a suitable material to be used in dental restorations, gold crowns and permanent bridges are popular in dentistry.
• Gold is very attractive; gold dust is often used at events to decorate foods and other items, as the host seeks to demonstrate their wealth.
Over a century ago, it was not uncommon for countries to seek out new lands that could be exploring for gold. Expeditions would be undertaken that aimed to discover gold mines that had yet to be mined. However, in the 21st century, the planet's natural supply of gold is running out. Some say mining is no longer worthwhile due to the fact there simply isn't any gold left in the ground. As with any business plan, mining is not worth while if they cost of mining the gold (labor costs; equipment costs; costs of purchasing land) outweigh the revenue that will be gained from selling the final product. Mining can therefore be risky, as a company can never be sure how much gold will be discovered.
That said, many companies still do mine gold due to its high value. It is a precious metal for a number of reasons:
• Gold is very strong and non-reactive, meaning objects made from it are unlikely to break, rust or deform. It is widely used to produce jewelry.
• Gold, despite its strength, is slightly malleable, meaning it can be manipulated to produce the shape desired. This makes it a suitable material to be used in dental restorations, gold crowns and permanent bridges are popular in dentistry.
• Gold is very attractive; gold dust is often used at events to decorate foods and other items, as the host seeks to demonstrate their wealth.
