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Comment and Earth

Comment: The real cost of gold

By William Laurance

13 August 2008

91av. Science news and long reads from expert journalists, covering developments in science, technology, health and the environment on the website and the magazine.
The price of gold has risen sharply in the last five years

The price of gold has risen sharply in the last five years

(Image: Kitco)

Watch a slideshow of the effects of mining

GOLD fever is upon us. As mineral prices spike, the lust for riches that once lured men to the distant Canadian Yukon and Australian hinterlands is today drawing countless thousands to remote rainforests. Thanks to escalating demands from developing and industrial nations alike, prices for gold, silver, copper, iron, tin and molybdenum have all shot up by 300 to 500 per cent in the past five years, and coal prices have doubled in the past six months.

The…

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