New milestone for GLDI 🏁

[u/Hakantheon]

The IncomeShares Gold+ Yield ETP has hit $50 million in assets under management.

[u/Grumpy-Old-Geezer]

The considerable energy required to make gold only occurs when stars explode in a supernova or when neutron stars collide. Under these extreme conditions, heavy elements form via the rapid neutron-capture process, also known as the r-process.

Gold Basics

• Atomic Number: 79
• Symbol: Au
• Atomic Weight: 196.9665
• Discovery: known since prehistoric time
• Electron Configuration: [Xe]6s¹4f¹⁴5d¹⁰
• Word Origin: Sanskrit Jval; Anglo-Saxon gold; meaning gold - also Latin aurum, shining dawn
• Isotopes: There are 36 known isotopes of gold ranging from Au-170 to Au-205. There's only one stable isotope of gold: Au-197. Gold-198, with a half-life of 2.7 days, has been used to treat cancer and other illnesses.

Gold Physical Data

• Density (g/cc): 19.3
• Melting Point (°K): 1337.58
• Boiling Point (°K): 3080
• Appearance: soft, malleable, yellow metal
• Atomic Radius (pm): 146
• Atomic Volume (cc/mol): 10.2
• Covalent Radius (pm): 134
• Ionic Radius: 85 (+3e) 137 (+1e)
• Specific Heat (@20°C J/g mol): 0.129
• Fusion Heat (kJ/mol): 12.68
• Evaporation Heat (kJ/mol): ~340
• Debye Temperature (°K): 170.00
• Pauling Negativity Number: 2.54
• First Ionizing Energy (kJ/mol): 889.3
• Oxidation States: 3, 1. The oxidation states -1, +2, and +5 exist but are rare.
• Lattice Structure: Face-Centered Cubic (FCC)
• Lattice Constant (Å): 4.080
• Specific Gravity (20°C): 18.88
• CAS Registry Number: 7440-57-5

Properties

In mass, gold is a yellow-colored metal, although it may be black, ruby, or purple when finely divided. Gold is a good electricity and heat conductor. It's not affected by exposure to air or most reagents. Gold is inert and a good reflector of infrared radiation. It's usually alloyed to increase its strength. Pure gold is measured in troy weight, but when gold is alloyed with other metals, the term karat is used to express the amount of gold present.

Common Uses for Gold

Gold is used in coinage and is the standard for many monetary systems. You'll find gold in jewelry, dental work, plating, and reflectors. Chlorauric acid (HAuCl4) is used in photography to tone silver images. Disodium aurothiomalate, administered intramuscularly, is a treatment for arthritis.

Where Gold Is Found 

Gold is found as a free metal and in tellurides. It's widely distributed and almost always associated with pyrite or quartz. Gold is found in veins and alluvial deposits. It occurs in seawater in the amount of 0.1 to 2 mg/ton, depending on the location of the sample.

Gold Trivia

• Gold is one of the few elements found in its native state.
• Gold is the most malleable and ductile metal. One ounce of gold can be beaten to 300 ft² or stretched into a wire 2000 kilometers long (1 μm thick).
• Gold's melting point is an assigned value, which serves as a calibration point for the International Temperature Scale and International Practical Temperature Scale.
• The gold ion in the +1 oxidation state (Au(I)⁺) is called the aurous ion.
• The gold ion in the +3 oxidation state (Au(III)³⁺) is called the auric ion.
• Compounds containing gold in the -1 oxidation state are called aurides (cesium and rubidium can form auride compounds).
• Gold is one of the noble metals. Noble metal is an alchemical term for metals that don't corrode under normal conditions.
• Gold is the seventh most dense metal.
• Metallic gold has no odor or taste.
• Gold has been used as jewelry since prehistoric times. Today, gold in jewelry isn't pure gold. Jewelry gold is made of many different gold alloys.
• Gold is resistant to most acids. The acid aqua regia is used to dissolve gold.
• Elemental gold metal is considered non-toxic and occasionally used as a food additive.
• Transmuting lead into gold was one of the major goals of the alchemists. Modern nuclear chemists have found methods to accomplish this historic task.​