The high price of gold is causing massive Amazon deforestation

Illustration for article titled The high price of gold is causing massive Amazon deforestation


For the first time ever, gold has passed the $1500-per-ounce mark, and has been riding high for a very long time now. This incredibly high price has lead to a leap in scams taking advantage of people's interest in the precious metal, and a major increase in the amount of mining going on — to the detriment of the environment.

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A new research paper has looked at Madre de Dios, Peru, and found that the increased mining activity due to gold's high prices has lead to massive environmental destruction. Since 2003, the rate of mining deforestation has increased to six times the non-mining rate. Over 11,000 hectares of rainforest have been lost in this one area due to the high demand.

There has been an accompanying massive spike in the mercury imported into the country, which is used in extraction of gold — and due to poor policing, much of the waste metal is released into air, soil and water, leading to further environmental destruction.

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DISCUSSION

HAHAHAHAHAHAHAAAaaaaaa!!!! So you poor people won't have any air to breathe? Too bad!!!

I'll still have all my MONEY!!!!!

I don't think it's so much that gold has gotten more expensive. It's more like money has just lost a great deal of its value. Don't you find that many of your daily needs are much more expensive than three years ago?

I think that when the government simply pulls a pile of new money out of the air it strains the Fiction of Money that we all live with. If you compare all the things that money can buy with all the money there is, let's call that "the price of everything". Now throw another 87trillion dollars onto the money pile. It can't buy anything more. It just raised the price of 'everything'.

Money is only worth what people believe it is worth. When people start to worry that they won't have as much money as they will need in a few years (like you do) they will want to get more money together now against the bad times. And on it goes. . .