Precious Metals have been around for ages, and have been providing different categories of jobs ranging from casual workers, goldsmith, brokers, production specialists, control personals, jewellery specialists, etc. However, the precious metals sector, even though it provides decent and well paid jobs, is not much talked about. But is precious metals a good career path? In this article we shall talk about the opportunities in precious metals and how many Jobs are available in precious metals.

It is important to note that there are different job sections in precious metals industry. This article will take you through the various jobs available in the precious metals sector. Also, it will equip you with the right knowledge to decide which job best fits you in the precious metals industry.

Highlights on precious metals; is it a good career path?

With the precious metals sector being less talked about, one could be wondering what ‘precious metals’ are. You may be having similar thoughts, but worry no more…not only would your thoughts be cleaned, but you will find the best job opportunities available in precious metals for yourself.

Precious metals explained

According to wikipedia, the online encyclopedia, Precious metals are ‘rare, naturally occurring metallic chemical elements of high economic value’. Precious metals react less in a chemical composition than some other elements.

Economically, precious metals are used as raw materials in industries. Since they are used as industrial raw materials, they are seen as an investment. Precious metals were used as a currency from the past and may still be in use in some countries. Let’s take a look at them and explore the opportunities they come with in terms of job availability. Here is a list of some of the most common precious metals: palladium, platinum, silver, and gold.

Palladium

Palladium is a white and shiny precious metal that looks silvery in nature. It is used in the electronic manufacturing industries, for the manufacture of some electronic components. and industrial products. Also, it can be used in the field of medicine, especially in dentistry. Just to mention a few.

This precious metal can be mined into jewellery too, and is obtainable in the USA, South Africa, India, and Canada.

Platinum

Platinum has some characteristics similar to palladium and silver. It looks shiny and attractive – a whitish and silver color. One good thing about it is that it is not easily worn out. Day to day chemicals used in homes and offices like detergent and bleach don’t have the capacity to change its refined nature. This precious metal is mined in industries specifically for jewelries.

Silver

Silver is the second precious metal next to gold. It is basically extracted from Peru and mexico. Silver is extracted from iron ore by different methods. These include mining, panning, placer mining, and sluicing.

Gold

Gold is mostly extracted in South Africa, Canada and the United States. Although, it is very important to note that gold can be found in any county around the globe because its abundance is second to none of the other precious metals. Gold is extracted from iron ore by using different kinds of mining available.

How many Jobs are available in precious metals?

According to the Bureau of Labor Statistics, there are over 3,801 jobs available in the precious metals sector in the United States as at October 2022. This means that there are a handful of job opportunities in the precious metals sector. The precious metals industry is valued at about $182.1 billion in 2019 and its revenue is projected to rise by 9.0% annually through 2020 – 2027.

Here are a list of jobs available in precious metals sector:

Goldsmith

Specialist in Jewelry and Coins

Gemologist

Miners

Precious Metals manufacturer

Quality Control Specialist in Precious

Advisor or Consultant in Precious Metals

Precious metals marketing and sales personals

Lapidaries

Jewelry appraiser

Precious Metals Broker

Let’s take a look at some of them.

Goldsmith

The role of a Goldsmith in the precious metals industry is to form metals either by casting, forging, soldering, filing and polishing. So if you are looking for a job in precious metals as a goldsmith you are required to have the skills to undertake this task.

Miners

The extraction of useful natural minerals from the earth is referred to as mining. Such natural minerals include gold, silver, platinum, and palladium. Workers in the mining department of the precious metals industry are saddled with the responsibility to extract these minerals. They are also expected to have the ability to separate them from the impurities that may follow suit.

Precious metals manufacturer

The precious metals manufacturers play a significant role in the precious metals industry. They are tasked with the responsibility to fabricate, clean, and assemble products for final consumption.

The precious metals sector is a sensitive sector- every bit of material counts and it’s valuably expensive. So the workers in the manufacturing unit of the previous metals usually have a background in engineering and, or manufacturing with some touch of experience.

Finance and Investment Advisor or Consultant in Precious Metals

Finance and investment advisors or consultants play a critical role in the precious metals sector by identifying market trends and investment opportunities. They also analyze the precious metals market for or against possible outcomes. Market valuation is one key point that gives investors an insight about the value of an asset or commodity they want to invest in. Finance and investment advisors offer this service.

Precious Metals Marketing and Sales Personals

Workers in the marketing and sales unit of the precious metals sector are expected to have a good knowledge of taking financial records and interpreting them. They are well trained sales personals with the ability and responsibility of taking sales orders and delivering them timely.

Precious metals Jewelry Appraiser

A jewelry appraiser is a professional who analyzes through critical examination and tags an equivalent monetary value to a particular piece of jewelry. This jewelry could be gold, silver, diamond, or a ring. This jewelry appraiser is important in the precious metals industry because it determines the worth of each metal.

Source: https://baygalleria.com/how-many-jobs-are-available-in-precious-metals/