Research subject. The gold-bearing potential of modern (oceanic) and ancient industrial types of phosphorite ores, including aphanitic, microgranular, granular, nodular, shell and karst. Aim. To assess the ability of phosphorites to accumulate gold to industrial concentrations. This issue has been actively discussed in the geological community in recent years due to the advent of high-precision methods for studying matter. Methods. Russian and foreign publications, unpublished geological data, as well as the authors’ data collected over a 30-year period of studying phosphorites. Results and discussion. In the section, 14 packs of rocks were identified, which are represented by 6 lithological types of secondary dolomites. Their distribution along the section, along with the presence of characteristic faunal remains, made it possible to establish three members in the section, which can be correlated with the Katian, Hirnantian, and Ruddanian stages of the General Stratigraphic Scale. Conclusion. Conditions for the possible joint accumulation of phosphates and gold are manifested in black shale basins, as well as in shelf shallow waters with glauconite-sand sediments. However, due to significant differences in the natural features of gold and phosphates, their industrial clusters are formed separately from each other. This is evidenced by the insignificant accumulation of phosphorus in the ores of gold deposits of black shale formations,as well as its low-quality concentrations in industrial phosphorite beds of phosphorite-bearing basins. For gold, phosphorites are only temporary collectors, the productivity of which depends on the combination of many, frequently random and slightly related factors.