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Such a thing as clean gold investing?

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  • Tue, Jul 26, 2016 - 05:03am

    #1

    Bill Pfeiffer

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    Such a thing as clean gold investing?

Gold is discussed regularly here as a sound investment in a house of cards economy. Ok, but what about the environmental consequences? Are ETF’s any better/cleaner? Are they supporting”old gold” or just another way to bring personal reward while poisoning the water and degrading the land? Obviously, I would like to invest $ safely without increasing my already huge footprint of being American.

http://www.smithsonianmag.com/science-nature/environmental-disaster-gold

  • Wed, Aug 03, 2016 - 07:49pm

    #2

    pyranablade

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    Important Topic

Haven't gone to your link yet, but I'll report how I've responded to this dilemma.

In a perfect world I would entirely steer clear of gold, silver, etc.

But it isn't a perfect world and I want to save myself from unnecessary suffering… So the deal I made with myself is that I would invest in bullion but not in mining stocks. The rationale is that the miners are the ones that are raping the earth and paying their lawyers well to keep doing more of it. Yeah, I know, all the gold and silver there is was once mined. My only response to that is that what they're mining now is a poorer grade of ore and it needs a lot more refining and a lot more energy to produce an ounce of the stuff than it did before.

 

  

  • Wed, Aug 03, 2016 - 08:12pm

    #3

    Bill Pfeiffer

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    thanks

Thanks for responding. You are the first. Your perspective was what I was unconsciously thinking. I'm appreciative that you have bothered to look into precious metals more deeply. My sense is that most investors are concerned with the bottom line in an imperfect world—"therefore I'll watch out for #1"…only. It takes guts to look beyond our own bank accounts and families  and see how are choices do matter… And as 1st Worlders they matter a lot! Will ponder all this and consider how best how to act. All best, Bill

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