I just watched Lonardo di Caprio’s movie entitled Blood Diamond and I was surprised to see read that it was based on a true story in the last film credits. How many families suffer because of diamond mining! And here I am thinking mining all over the world has been upgraded and advanced due to technology and international safety standards. I guess there will always be controversial mines.
Precious metals like gold, silver and platinum are priced highly in the world market. That is why many companies invest in so much money trying to find a “gold mine”, hoping they can strike gold in whatever they dig in.
I know that in most countries (not all though) mining activity is done in a way that it affects the environment in the least obtrusive way, and in almost all cases (under U.S. standards) the property is brought back to the natural conditions after the mining is completed. This is a fact that very few other than those in the industry are actually aware. So owning a mine doesn’t have horror stories that most people would like to believe.
Unlike silver, platinum is far more valuable. Silver is more popular because it’s cheaper than buying gold or platinum. Silver mines are plenty. Platinum is a metal that is far more rare to find. It’s a lot more rare to find a platinum mine, and to therefore dig for it. It takes far more platinum ore to make a piece of platinum than silver. Furthermore, platinum jewelry holds up better than silver, or even gold jewelry. It’s a much harder metal than the two.