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Gold Recycling
Yesterday was Earth Day and many people have recycling on their minds. When people think of recycling they do not think of something like gold, but gold recycling has been going on since ancient times. The gold industry has made efficient use of its product by re-purposing it and putting it back into the market. Gold is not something that is used once and then thrown away.
About two-thirds of the world’s gold supply comes from mining; the rest of the gold the world uses for jewelry, coins and other items comes from recycled gold. Of course the recycled gold was mined once, but saying it has been recycled distinguishes it from gold that had recently been taken from the Earth.
Gold is truly an international product that connects people all over the world. Your jewelry box may be the home of gold that has been shaped into something ornamental, but there is no way to tell exactly where that gold came from. And when you sell your gold, you are putting that gold back into circulation and it may travel the world and back once again.
While it is not possible to know exactly where your gold jewelry was mined, it is sometimes possible to find out where it was manufactured. Some countries require that gold be hallmarked. Hallmarking means that gold jewelry is marked with symbols that give information on where it was manufactured, as well as information about karats. There are countries with no hallmarking requirements at all and others that have very detailed hallmarking standards.
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