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How Many Jobs Are Available in Precious Metals?

Author: Jimmy Barron
Published:July 5, 2022
3 mins 44 secs

Would you like to know how many jobs are available in precious metals? There are numerous advantages to working in the precious metals sector. Careers in this field include a long-term career, high compensation, and many other bonuses and benefits. The precious metals market is profitable, with commodities like gold and silver in constant demand.

Precious metals companies have a wide range of opportunities, despite the shortage of accessible positions in the sector. Mining is a profession in which workers dig up precious metals from the Earth. Some people find employment in the manufacturing industry, where they create goods using precious metals. Work is available in finance and investing, as well as in advertising and promotion.

Continue reading to learn more about precious metals and the available jobs in the industry.

What are Precious Metals?

The reactivity of precious metals is often relatively low. Because of this, they’re commonly utilized in jewelry and coinage. Gold, silver, and platinum are three of the most common precious metals, each with unique properties.

Gold is the valuable metal found in the greatest abundance on Earth. It’s widespread in South Africa, the United States of America, Canada, and Russia. Gold may be extracted from ore using a variety of processes, including sluicing, panning, placer mining, and mining using either hand tools or machines.

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After gold, silver is the most common precious metal in the world. Mexico and Peru are the most common places to discover silver in its natural state. There are several methods for obtaining silver from ore, including panning, sluicing, mining by hand or machine, and placer mining.

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Platinum has the lowest natural occurrence rate of the three precious metals. Most of the world’s platinum reserves are located in South Africa, Canada, and Australia.

How Many Jobs Are Available in Precious Metals?

Before choosing a professional path, someone interested in this industry should extensively explore all of their available possibilities.

Precious Metal Broker

There has been a rise in demand for precious metals brokers over the last few years. A recent poll found that this is one of the most sought-after professions. 

Most employment in the precious metals brokerage industry requires candidates to have a bachelor’s degree and a specific amount of relevant work experience. This helps guarantee that only candidates with the required abilities are considered for employment. 

Most broker positions need a large portion of the work to be done from home, which is a crucial aspect to keep in mind.

Goldsmith

There has been an increase in the need for goldsmiths. This is primarily attributable to the fact that gold’s allure as an investment has been steadily growing in recent years.

Miner

Many individuals have the fantasy that they will get rich during the gold rush. Still, only a chosen number of them will truly achieve their goal. Everyone isn’t cut out to be a gold miner. Despite this, it is a vocation that pays well and is admired by many. 

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A thorough understanding of geology and mining methods is required to work as a gold miner. In addition, you will need to have an excellent level of physical fitness because you will be spending extended amounts of time at high elevations. You may start looking for mining jobs once you’ve obtained the required credentials.

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In contrast to many other occupations in the sector, mining is seasonally dependent. Due to the extended periods of unemployment and instability of the profession, you will need to be able to cope. On the other hand, if you are successful, you will be one of the very few people to gain millions during the gold rush.

Lapidaries

There is plenty of money to be made in this line of work, even though it can appear to be a strange choice for a job. 

A lapidary is a person who prepares precious stones for use in jewelry by cleaning and cutting them. People with experience in jewelry creation or design are typically the best for lapidary employment.

The lapidary can have a hand in producing other kinds of jewelry, such as pendants and locks. Your primary responsibility as a lapidary will be to ensure that the rocks, stones, and jewels under your care are spotlessly clean.

Conclusion

It’s essential to conduct adequate research before submitting a job application. Take the time to learn the job specifications and the expectations that come with them. You should ask as many questions as you can before taking a position.