SHAWORDS
Gold

Gold

Gold

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Gold is a chemical element; its chemical symbol is Au and atomic number 79. In its pure form, it is a bright-metallic-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal, a group 11 element, and one of the noble metals. It is one of the least reactive chemical elements, being the second lowest in the reactivity series, with only platinum ranked as less reactiv

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"In England the functions of a standardising commodity and of a medium of exchange are both alike performed by gold. Gold is applied to a vast number of purposes in the arts and sciences, and were it more abundant it would replace other metals in many more. Consequently a great number of easily accessible persons actually give a relatively high place to gold on their scales of preference, in virtue of its direct significance to them. It is established by custom (and, so far as that is possible, by law) as the universally accepted commodity; and at the same time it is used as the common measure in terms of which our estimates of all exchangeable things may be stated."
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"Gold is mined in around 80 countries, with approximately 3,200 tons produced every year. The largest producers are China, Australia, Russia, and the US. Most gold comes from large, industrial mines, though 15 to 20 percent of the worlds gold comes from small-scale or artisanal mines, primarily in Africa, Asia, and Latin America. Jewelry accounts for over 50 percent of the worlds gold demand, an estimated 1,600 tons of gold for 2016...Gold from industrial mines may be exported directly to refiners, while artisanal gold may pass from one trader to another before being exported for refining. Gold refiners play a crucial role in the gold supply chain. Because the vast majority of the world’s gold passes through a small number of refiners, these companies are sometimes called the "choke point" of the gold supply chain.Once gold is refined, it is sold to banks, manufacturers, jewelry and watch companies, electronics companies, or other businesses. Jewelry companies may source their gold directly from refiners, or from manufacturers, banks, or international gold traders. China and India are the largest markets for gold jewelry, representing over 50 percent of global jewelry demand."
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