In difficult economic and political times, investors bet on gold because of its ability to save price.

Gold prices rose sharply last year, with some analysts predicting that the precious metal could reach its peak $3,000 per ounce by the end of 2025. But this increase has also been linked to an increase in illegal gold mining.

“What we have found this time research What we published is that more than 435 tons of gold were extracted from Africa in 2022,” said Marc Ummel, head of production at Swissaid. .”

Illegal small-scale miningin Ghana, which is known as galamsey, provides funds to help people and boost the economy of the West African country. It is also related to environmental damage and disease.

In South Africa, at least 87 illegal miners died this week after being trapped in an abandoned gold mine southwest of Johannesburg, according to The Associated Press.

So what should investors know about gold’s future, and should the price continue to rise? We went to Ghana to see the impact of illegal mining.

Watch this video to learn more.