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    The advantage to a company and country is that gold is a storehouse of value. Mining and refining it provides a form of hard currency. Gold is industrially useful as a corrosion resistant coating

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    Mining stocks decline sharply with even the slightest decrease in gold ps. In 2011, the precious yellow metal peaked at around $1,800 per ounce. When gold ps fell on the same year, mining stocks declined by around 50% 70%. Another disadvantage of owning gold mining stocks is that operating a gold mine is extremely difficult.

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    Disadvantages Of Gold Mining What are the advantages and disadvantages of mining gold. The advantage to a company and country is that gold is a storehouse of value. Mining and refining it provides a form of hard currency.

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    27/05/2020· The disadvantages of mining include harm to air pollution, water pollution, loss of usable land, destruction of animal habitat, and harm to local communities and the miners themselves.

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    Advantages and Disadvantages of Gold mining Yahoo Answers. Nov 01, 2010 Advantages Economic gain. The gold mined not only provides jobs, but for the stockholders of the mining company it creates significant wealth. Many companies also benefit by selling servs and equipment to the mines.