Any industry is lumbered with buzz words. Precious metals are no different.
One being thrown around now is ‘green gold’. ‘Ethical gold’ is another. As is ‘eco friendly gold’. These labels may track in Google searches, but they don’t really tell you much.
Frankly, this is because the global precious metals sector is still trying to find the most articulate way to explain their environmental and ethical practices.
It’ll likely take a few more years for the precious metals industry to settle on one phrase. Much like ‘ESG’ (environment, sustainability and governance) has become the catch all slogan for any business promoting their eco friendly credentials.
The good news is, broadly speaking precious metal miners and refiners are working to delivering better sustainable outcomes for investors and consumers. The bad news is, it’s hard for the average investor to sift the ‘wheat from the chaff’, if you’ll indulge my lazy musings.
For us mere mortals to understand what this means, it’s important to look at the information these companies offer up to the market…and the internationally recognised accreditations they come with.
ABC Bullion’s parent company, Pallion, is actively taking steps to demonstrate this. Here, we explain the benefits of having a transparent supply chain.
In other words, we can trace exactly where our precious metals come from. We’ve called this process Considerate® Precious Metals.