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Monday, October 20, 2008

Gold

Gold (pronounced /ˈɡoʊld/) is a chemical element with the symbol Au (from its Latin name aurum) and atomic number 79. It is a highly sought-after precious metal which has been used as money, a store of value and in jewelery, sculpture and ornamentation since the beginning of recorded history. The metal occurs as nuggets or grains in rocks, underground "veins" and in alluvial deposits. It is one of the coinage metals. Gold is dense, soft, shiny and the most malleable and ductile substance known. Pure gold has a bright yellow color traditionally considered attractive.

Gold formed the basis for the gold standard used before the collapse of the Bretton Woods system. The ISO currency code of gold bullion is XAU.

Modern industrial uses include dentistry and electronics, where gold has traditionally found use because of its good resistance to oxidative corrosion.

Chemically, gold is a transition metal and can form trivalent and univalent cations upon solvation, but is attacked by chlorine, fluorine, aqua regia and cyanide. Gold dissolves in mercury, forming amalgam alloys, but does not react with it. Gold is insoluble in nitric acid, which will dissolve silver and base metals, and this is the basis of the gold refining technique known as "inquartation and parting". Nitric acid has long been used to confirm the presence of gold in items, and this is the origin of the colloquial term "acid test," referring to a gold standard test for genuine value.

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