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 Gold (pronounced /ˈɡoʊld/) is a chemical element with the symbol Au (Latin: aurum) and an atomic number of 79. It has been a highly sought-after precious metal for coinage, jewelry, and other arts since the beginning of recorded history. The metal occurs as nuggets or grains in rocks, in veins and in alluvial deposits. Gold is dense, soft, shiny and the most malleable and ductile pure metal known. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. It is one of the coinage metals and formed the basis for the gold standard used before the collapse of the Bretton Woods system in 1971.

At the end of 2006, it was estimated that all the gold ever mined totaled 158,000 tonnes. This can be represented by a cube with an edge length of just 20.2 meters. Modern industrial uses include dentistry and electronics, where gold has traditionally found use because of its good resistance to oxidative corrosion and excellent quality as a conductor of electricity.

Chemically, gold is a transition metal and can form trivalent and univalent cations upon solvation. Compared with other metals, pure gold is more chemically unreactive, but it is attacked by aqua regia (a mixture of acids), forming chloroauric acid, and by alkaline solutions of cyanide but not by single acids such as hydrochloric, nitric or sulfuric acids. Gold dissolves in mercury, forming amalgam alloys, but does not react with it. Since gold is insoluble in nitric acid which will dissolve silver and base metals, this is exploited as 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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review by . March 31, 2010
posted in All That Glitters
All that glitters
Ok, I'm not trying to be vain or anything, but I grew up with gold as my play toys. Or rather, I love to slip them into my bedroom and sleep with them. Necklaces, bracelets, rings... jewelries of all kinds. You see, I was blessed with a very capable grandma who was a goldsmith. I used to live with her during my childhood and all I really needed to do was to open the cabinet while the adults were busy & I'd have had my 'toys' with me in no time. It's a cat & mouse game …
Quick Tip by . August 09, 2011
posted in Business Matters
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In just less than 2 months, it has moved from a low of around $1500 to $1750+ (as of this writing) Gold is said to have become the unofficial reserve currency of the world! Uptrend intact with minor corrections along the way. Investors are loading up gold despite the fact that it's very much overbought at current level. Goldman Sach has put an immediate price target of $1860 while I do think that it'll hit at least $2000 in no time!      Gold rules! Staggering losses …
Quick Tip by . May 16, 2011
posted in Business Matters
It amounts to cash, need i say more? It's called Yellow Gold in the Orient but when it comes to Gold, I prefer White Gold :-) When it comes to cash, I don't really care which form they comes in as long as it's valid!           
Quick Tip by . November 10, 2010
posted in All That Glitters
Prices will keep going up as a hedge against the weak dollar. Whether to buy it or not is up to individuals and how much spare cash you have. Afterall, all investments should be made because you have spare money and not because you are greedy. Gold is expected to go up to US$2000 or more by many capital market experts. Adjusted for inflation, the former high of gold is supposed to be US$2300+. If you ask me, gold might still double in future if the U.S. economy and dollar do not improve!
Quick Tip by . April 02, 2010
posted in All That Glitters
The experts think it'll hit the price of US$2000 per troy oz in future. Can you believe it? Not impossible at all!
Quick Tip by . October 13, 2009
posted in Business Matters
All that glitters is GOLD! At over $1000 an ounce, I wish I've a roomful stack of them! Like it or not, Gold is here to stay, it seems!
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