9. Illicit Gold Trade
Due to regulations required for importing gold, the black market for gold has flourished and continued to grow. Right now, it generates more than $2 billion per year, and it doesn’t seem like this market is going anywhere. The Philippines, for example, are rich in minerals and a huge part of their gold finds its way to China where gold is in high demand. According to Business Insider, small-scale mining is pushed to the black market worldwide.
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