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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 for electronics (there is some in almost every computer).
The disadvantages include that mining can damage the environment both on and below the surface. It can imperil water resources by contamination with heavy metals. The miners may be exploited by companies to work in old or dangerous mines, and the temptation to theft can lead to harsh treatment.
Most consumers don't know where the gold in their products comes from, or how it is mined. Gold mining is a dirty industry: it can displace communities, contaminate drinking water, hurt workers, and destroy pristine environments.
Wiki User
∙ 10y ago
Wiki User
∙ 11y agoan advantage of this is you can get more job opertunities whereas a disadvantage is population increase so you get bigger crime rates
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