GOLD COIN

Brief description: gold is usually alloyed in jewellery to give it more strength, and the term carat describes the amount of gold present (24 carats is pure gold). It is estimated that all the gold in the world, so far refined, could be placed in a single cube 60 ft. on a side. It is metallic, with a yellow colour when in a mass, but when finely divided it may be black, ruby, or purple.

It is the most malleable and ductile metal; 1 ounce ( g) of gold can be beaten out to 300 square feet. It is a soft metal and is usually alloyed to give it more strength. It is a good conductor of heat and electricity, and is unaffected by air and most reagents.

Gold is readily available commercially and its price (see theUtiliseGold directory) changes day by day and is one of the most widely tracked commercial prices.

The most common gold compounds are auric chloride (AuCl₃) and chlorauric acid (HAuCl₄). A mixture of one part nitric acid with three of hydrochloric acid is called aqua regia (because it dissolved gold, the King of Metals). It is unaffected by air and most reagents. It is found free in nature and associated with quartz, pyrite and other minerals. Two thirds of the world's supply from South Africa, and ²/₃ of USA production is from South Dakota and Nevada. Gold is found in sea water, but no effective economic process has been designed (yet) to extract it from this source.