How Many Jobs are Available in Precious Metals

How Many Jobs are Available in Precious Metals?

How many jobs are available in precious metals? This is a ubiquitous question that people ask, especially when they are looking for a new job. This can be a difficult question to answer because the growth in the industry could lead to oversupply. There have been times when entire companies have shut down due to a lack of demand and buyers, but this doesn’t often happen these days. The number of jobs depends more on where you live than most things. This article discusses buying, selling, and investing in precious metals. And also will be providing you with answers to all your questions regarding the same.

What are Precious Metals?

Precious metals are a type of metal with a high value due to their rarity, durability, color, and consistency. They are usually considered valuable because they are rugged and durable, making them ideal for jewelry, coins, and other objects.

How Many Jobs are Available in Precious Metals
Is Precious Metals a Good Career Path?

Is Precious Metals a Good Career Path?

Yes, precious metals are a good career path, Most people think of money as just bills and coins, but money can be anything that has value. The best example of money being anything is gold. Gold is not just metal; it’s also a currency, investment, and value store.

So what makes gold so valuable? Why can’t you buy things with it? Well, first off, gold is rare! There aren’t many places on Earth where you can find it quickly, and there’s only so much of it in the world. So if you want to buy something with gold, then you’d have to go out and find more of it. And when you find more gold, it becomes worth more because there’s less available for purchase!

How Many Jobs are Available in Precious Metals?

There are currently more than 5,000 people working as precious metals dealers in the United States. But that number is expected to increase as more dealers open their doors and new opportunities emerge for those who want to start their businesses in the industry.

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As of 2015, about 10,000 active precious metals dealers were operating nationwide. This represents about 3 percent of all dealers in the United States, according to a survey by the National Association of Dealers in Precious Metals (NADPM).

The majority of these dealers — about 70 percent — are small business owners or part-time employees with less than $1 million in annual revenue.

Best Paying Jobs in Precious Metals

Find out about what are the best paying jobs in precious metals. Recycling precious metals is an excellent way to earn some extra cash.

Archaeologist

Average salary: $56,000

An archaeologist is a professional who works with historical artifacts. Archaeologists search for ancient human remains and other items that reveal information about civilizations throughout history. They may also study artifacts from modern societies to learn about their origins and purposes. Archaeologists typically need at least a bachelor’s degree in either anthropology or archaeology before entering the field. They must then complete fieldwork experience before getting hired as an archaeologist.

Geologist

Average salary: $60,000 to $125,000

Geologists study Earth’s natural resources and how they interact with humans. They look at mineral and energy deposits and advise on how to extract them.

Mining engineer

Average salary: $125,000 

Mining engineers are tasked with extracting precious metals like gold, silver, and copper from the Earth. These engineers must be able to design and implement mining sites that can remove these metals cost-effectively. They must also ensure that they don’t destroy nearby ecosystems in mining. Mining engineers need at least a bachelor’s degree in engineering or geology.

Metallurgist

Salary range: $50,000 to $100,000

A metallurgist has studied how metals are made, processed, and used. They know everything there is to know about these materials and how they can be used for different purposes. Metallurgists usually have at least a bachelor’s degree in engineering or science; some may even have a master’s degree or Ph.D.

Gold and silver miner

Average salary: $64,740

Gold and silver miner is a great job. The work is outdoors, the environment is usually beautiful, and the pay is good. One of the best things about this type of job is that it doesn’t require special education or training. All you need is a strong back, a good attitude, a willingness to work hard, and some stamina.

Diamond prospector

Average salary: $71,000

As a diamond prospector, you’ll be joining an elite group of paid people looking for diamonds and other precious gems, but you don’t have to travel far from home to make it happen. Diamond prospectors work primarily in Arkansas and Montana, states where there are more than 300 working mines.

Geophysicist

Average salary: $120,000 

Geophysicists study the Earth’s structure and internal processes. They use seismic waves, gravity, magnetism, and heat to map the planet’s interior. Geophysicists work in various industries, from oil and gas exploration to environmental monitoring and mineral exploration. 

Engineer

Average salary: $58,507

A mining engineer works at a mine site and is responsible for designing and constructing mining equipment, facilities, and processes. Mining engineers also supervise the excavation and removal of minerals from mines. They may also be responsible for maintaining proper levels of production and efficiency within the mine site.

Platinum prospector

Average salary: $113108

Platinum is one of the rarest metals on earth but is also one of the most valuable. Platinum miners can expect to make $1,000 per ounce as they search for this metal in places like South Africa and Russia. The work is dangerous and challenging, but successful people can earn millions each year by selling their gems at local markets or online auction sites like eBay.

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Gold Trader

Average salary: $77,000

Gold traders work for gold dealers, banks, or other financial institutions. Most gold traders have at least a bachelor’s degree in finance or economics and may be required to take continuing education classes to maintain their licenses.

Conclusion

A lot of people are interested in jobs involving precious metals. It’s an easy interest to understand, too: what could be more exciting than dealing with gold, diamonds, and other precious metals? It’s a dream job for many. But how many jobs are genuinely available up there? It turns out that there are plenty of them—unfortunately, whether or not you’re cut out for that line of work is another story altogether.