For centuries, man has had an undying relationship with precious metals. These metals like gold and silver are prized not only for their beauty but also value. This is the only logical explanation for the high number of gold and other precious metals that can be found sitting in central bank vaults and jewelry boxes. According to U.S Geological Survey, there is roughly 171,300 tons of gold that have been mined in history. This is rising at a high rate of 3000 tons every year.
While nothing is wrong with gold, its mining is very bad for our environment. For every ring of gold, there are roughly 20 tons of toxic wastes being generated. And the toxic substances used in the process of mining the gold like mercury and cyanide pollutes both the air we breathe and the water we drink. In fact, gold mining is the number one source of mercury pollution. It is even ahead of coal-fired power stations.
Therefore, we cannot possible continue enjoying these precious metals when they wreak havoc on our planet. Options include using mining methods that are more eco-friendly. This might mean stopping dumping the toxic wastes into oceans and rivers or stop using things like mercury and cyanide. However, the best solution is recycling of the gold that we have already.
Silver is normally found in electronic and electric scrap, photographic wastes, coinage and jewelry. Given that silver is used for several different things, recycling it is very important. The demand for silver increases as the population grows. Many ways exist to enable reusing and recycling of silver. They include the following.
The simplest way to recycle silver and turn it into silver bars. Your local coin & bullion shop can assist you with this. To view the types of silver bars that can be made with your unused silver, check out the photos & resources at www.goldeneaglecoin.com.
Selling or donating
If you have a silver jewelry, consider selling it to any jewelry store or even donating it to an organization. This way, the silver will be reused. Alternatively, the jewelry store could melt and recast it to form new jewelry.