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SPDR Gold Shares

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SPDR Gold Shares (also known as SPDR Gold Trust ) is part of the SPDR family of exchange-traded funds (ETFs) managed and marketed by State Street Global Advisors . For a few years, the fund was the second-largest exchange-traded fund in the world, and it was briefly the largest. As of the close of 2014, it dropped out of the top ten.

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93-475: This ETF denotes a fixed amount of gold bullion , unlike many ETFs which represent ownership in a basket of stocks. SPDR Gold Shares are designed to initially track the price of a tenth of a troy ounce of gold. If the share price differs from the gold market price, the fund's manager exchanges blocks of 100,000 shares for 10,000 ounces of gold. The possibility of such exchanges keeps the ETF price roughly in line with

186-399: A fault . Water often lubricates faults, filling in fractures and jogs. About 10 kilometres (6.2 mi) below the surface, under very high temperatures and pressures, the water carries high concentrations of carbon dioxide, silica, and gold. During an earthquake, the fault jog suddenly opens wider. The water inside the void instantly vaporizes, flashing to steam and forcing silica, which forms

279-444: A magnetic field . Electrons, due to their smaller mass and thus larger space-filling properties as matter waves , determine the size of atoms and molecules that possess any electrons at all. Thus, anions (negatively charged ions) are larger than the parent molecule or atom, as the excess electron(s) repel each other and add to the physical size of the ion, because its size is determined by its electron cloud . Cations are smaller than

372-421: A + or - is present, it indicates a +1 or -1 charge. To indicate a more severe charge, the number of additional or missing atoms is supplied, as seen in O 2 (negative charge, peroxide ) and He (positive charge, alpha particle ). Ions consisting of only a single atom are termed atomic or monatomic ions , while two or more atoms form molecular ions or polyatomic ions . In the case of physical ionization in

465-487: A combination of energy and entropy changes as the ions move away from each other to interact with the liquid. These stabilized species are more commonly found in the environment at low temperatures. A common example is the ions present in seawater, which are derived from dissolved salts. As charged objects, ions are attracted to opposite electric charges (positive to negative, and vice versa) and repelled by like charges. When they move, their trajectories can be deflected by

558-483: A dilute solution of gold(III) chloride or chlorauric acid . Unlike sulfur, phosphorus reacts directly with gold at elevated temperatures to produce gold phosphide (Au 2 P 3 ). Gold readily dissolves in mercury at room temperature to form an amalgam , and forms alloys with many other metals at higher temperatures. These alloys can be produced to modify the hardness and other metallurgical properties, to control melting point or to create exotic colors. Gold

651-398: A fluid (gas or liquid), "ion pairs" are created by spontaneous molecule collisions, where each generated pair consists of a free electron and a positive ion. Ions are also created by chemical interactions, such as the dissolution of a salt in liquids, or by other means, such as passing a direct current through a conducting solution, dissolving an anode via ionization . The word ion

744-415: A gas is extensively used for the detection of radiation such as alpha , beta , gamma , and X-rays . The original ionization event in these instruments results in the formation of an "ion pair"; a positive ion and a free electron, by ion impact by the radiation on the gas molecules. The ionization chamber is the simplest of these detectors, and collects all the charges created by direct ionization within

837-400: A gas with less net electric charge is called the ionization potential , or ionization energy . The n th ionization energy of an atom is the energy required to detach its n th electron after the first n − 1 electrons have already been detached. Each successive ionization energy is markedly greater than the last. Particularly great increases occur after any given block of atomic orbitals

930-579: A gold-from-seawater swindle in the United States in the 1890s, as did an English fraudster in the early 1900s. Fritz Haber did research on the extraction of gold from sea water in an effort to help pay Germany 's reparations following World War I . Based on the published values of 2 to 64 ppb of gold in seawater, a commercially successful extraction seemed possible. After analysis of 4,000 water samples yielding an average of 0.004 ppb, it became clear that extraction would not be possible, and he ended

1023-830: A golden hue to metallic caesium . Common colored gold alloys include the distinctive eighteen-karat rose gold created by the addition of copper. Alloys containing palladium or nickel are also important in commercial jewelry as these produce white gold alloys. Fourteen-karat gold-copper alloy is nearly identical in color to certain bronze alloys, and both may be used to produce police and other badges . Fourteen- and eighteen-karat gold alloys with silver alone appear greenish-yellow and are referred to as green gold . Blue gold can be made by alloying with iron , and purple gold can be made by alloying with aluminium . Less commonly, addition of manganese , indium , and other elements can produce more unusual colors of gold for various applications. Colloidal gold , used by electron-microscopists,

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1116-567: A large alluvial deposit. The mines at Roşia Montană in Transylvania were also very large, and until very recently, still mined by opencast methods. They also exploited smaller deposits in Britain , such as placer and hard-rock deposits at Dolaucothi . The various methods they used are well described by Pliny the Elder in his encyclopedia Naturalis Historia written towards the end of

1209-483: A minus indication "Anion (−)" indicates the negative charge. With a cation it is just the opposite: it has fewer electrons than protons, giving it a net positive charge, hence the indication "Cation (+)". Since the electric charge on a proton is equal in magnitude to the charge on an electron, the net electric charge on an ion is equal to the number of protons in the ion minus the number of electrons. An anion (−) ( / ˈ æ n ˌ aɪ . ən / ANN -eye-ən , from

1302-440: A molecule/atom with multiple charges is by drawing out the signs multiple times, this is often seen with transition metals. Chemists sometimes circle the sign; this is merely ornamental and does not alter the chemical meaning. All three representations of Fe , Fe , and Fe shown in the figure, are thus equivalent. Monatomic ions are sometimes also denoted with Roman numerals , particularly in spectroscopy ; for example,

1395-562: A name change on 20 May 2008, SPDR Gold Shares has traded on NYSE Arca ( NYSE Arca :  GLD ). It also trades on the Hong Kong Stock Exchange ( SEHK :  2840 ), Singapore Stock Exchange ( SGX :GLD 10US$ ), and Tokyo Stock Exchange ( TYO : 1326 ). In June 2018, State Street started the Gold MiniShares ( NYSE Arca :  GLDM ) Trust with a lower expense ratio of 0.18% and a lower NAV at one-hundredth

1488-402: A neutral atom or molecule is called ionization . Atoms can be ionized by bombardment with radiation , but the more usual process of ionization encountered in chemistry is the transfer of electrons between atoms or molecules. This transfer is usually driven by the attaining of stable ("closed shell") electronic configurations . Atoms will gain or lose electrons depending on which action takes

1581-462: A novel type of metal-halide perovskite material consisting of Au and Au cations in its crystal structure has been found. It has been shown to be unexpectedly stable at normal conditions. Gold pentafluoride , along with its derivative anion, AuF − 6 , and its difluorine complex , gold heptafluoride , is the sole example of gold(V), the highest verified oxidation state. Some gold compounds exhibit aurophilic bonding , which describes

1674-592: A positive charge, forming the ion NH + 3 . However, this ion is unstable, because it has an incomplete valence shell around the nitrogen atom, making it a very reactive radical ion. Due to the instability of radical ions, polyatomic and molecular ions are usually formed by gaining or losing elemental ions such as H , rather than gaining or losing electrons. This allows the molecule to preserve its stable electronic configuration while acquiring an electrical charge. The energy required to detach an electron in its lowest energy state from an atom or molecule of

1767-411: A precise ionic gradient across membranes , the disruption of this gradient contributes to cell death. This is a common mechanism exploited by natural and artificial biocides , including the ion channels gramicidin and amphotericin (a fungicide ). Inorganic dissolved ions are a component of total dissolved solids , a widely known indicator of water quality . The ionizing effect of radiation on

1860-401: A sheet of 1 square metre (11 sq ft), and an avoirdupois ounce into 28 square metres (300 sq ft). Gold leaf can be beaten thin enough to become semi-transparent. The transmitted light appears greenish-blue because gold strongly reflects yellow and red. Such semi-transparent sheets also strongly reflect infrared light, making them useful as infrared (radiant heat) shields in

1953-520: A solution of Au(OH) 3 in concentrated H 2 SO 4 produces red crystals of gold(II) sulfate , Au 2 (SO 4 ) 2 . Originally thought to be a mixed-valence compound, it has been shown to contain Au 4+ 2 cations, analogous to the better-known mercury(I) ion, Hg 2+ 2 . A gold(II) complex, the tetraxenonogold(II) cation, which contains xenon as a ligand, occurs in [AuXe 4 ](Sb 2 F 11 ) 2 . In September 2023,

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2046-414: A stable configuration. This property is known as electropositivity . Non-metals, on the other hand, are characterized by having an electron configuration just a few electrons short of a stable configuration. As such, they have the tendency to gain more electrons in order to achieve a stable configuration. This tendency is known as electronegativity . When a highly electropositive metal is combined with

2139-401: A −2 charge is known as a dianion and an ion with a +2 charge is known as a dication . A zwitterion is a neutral molecule with positive and negative charges at different locations within that molecule. Cations and anions are measured by their ionic radius and they differ in relative size: "Cations are small, most of them less than 10 m (10 cm) in radius. But most anions are large, as is

2232-470: Is Au with a half-life of 2.27 days. Gold's least stable isomer is Au with a half-life of only 7 ns. Au has three decay paths: β decay, isomeric transition , and alpha decay. No other isomer or isotope of gold has three decay paths. The possible production of gold from a more common element, such as lead , has long been a subject of human inquiry, and the ancient and medieval discipline of alchemy often focused on it; however,

2325-696: Is Au , which decays by proton emission with a half-life of 30 μs. Most of gold's radioisotopes with atomic masses below 197 decay by some combination of proton emission , α decay , and β decay . The exceptions are Au , which decays by electron capture, and Au , which decays most often by electron capture (93%) with a minor β decay path (7%). All of gold's radioisotopes with atomic masses above 197 decay by β decay. At least 32 nuclear isomers have also been characterized, ranging in atomic mass from 170 to 200. Within that range, only Au , Au , Au , Au , and Au do not have isomers. Gold's most stable isomer

2418-417: Is a chemical element with the chemical symbol Au (from Latin aurum ) and atomic number 79. In its pure form, it is a bright , slightly orange-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 . It

2511-648: Is also known, an example of a mixed-valence complex . Gold does not react with oxygen at any temperature and, up to 100 °C, is resistant to attack from ozone: Au + O 2 ⟶ ( no reaction ) {\displaystyle {\ce {Au + O2 ->}}({\text{no reaction}})} Au + O 3 → t < 100 ∘ C ( no reaction ) {\displaystyle {\ce {Au{}+O3->[{} \atop {t<100^{\circ }{\text{C}}}]}}({\text{no reaction}})} Some free halogens react to form

2604-520: Is also used in infrared shielding, the production of colored glass , gold leafing , and tooth restoration . Certain gold salts are still used as anti-inflammatory agents in medicine. Gold is the most malleable of all metals. It can be drawn into a wire of single-atom width, and then stretched considerably before it breaks. Such nanowires distort via the formation, reorientation, and migration of dislocations and crystal twins without noticeable hardening. A single gram of gold can be beaten into

2697-427: Is always richer at the exposed surface of gold-bearing veins, owing to the oxidation of accompanying minerals followed by weathering; and by washing of the dust into streams and rivers, where it collects and can be welded by water action to form nuggets. Gold sometimes occurs combined with tellurium as the minerals calaverite , krennerite , nagyagite , petzite and sylvanite (see telluride minerals ), and as

2790-517: Is attributed to wind-blown dust or rivers. At 10 parts per quadrillion, the Earth's oceans would hold 15,000 tonnes of gold. These figures are three orders of magnitude less than reported in the literature prior to 1988, indicating contamination problems with the earlier data. A number of people have claimed to be able to economically recover gold from sea water , but they were either mistaken or acted in an intentional deception. Prescott Jernegan ran

2883-429: Is exhausted of electrons. For this reason, ions tend to form in ways that leave them with full orbital blocks. For example, sodium has one valence electron in its outermost shell, so in ionized form it is commonly found with one lost electron, as Na . On the other side of the periodic table, chlorine has seven valence electrons, so in ionized form it is commonly found with one gained electron, as Cl . Caesium has

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2976-470: Is found in ores in rock formed from the Precambrian time onward. It most often occurs as a native metal , typically in a metal solid solution with silver (i.e. as a gold/silver alloy ). Such alloys usually have a silver content of 8–10%. Electrum is elemental gold with more than 20% silver, and is commonly known as white gold . Electrum's color runs from golden-silvery to silvery, dependent upon

3069-615: Is in the breakdown of adenosine triphosphate ( ATP ), which provides the energy for many reactions in biological systems. Ions can be non-chemically prepared using various ion sources , usually involving high voltage or temperature. These are used in a multitude of devices such as mass spectrometers , optical emission spectrometers , particle accelerators , ion implanters , and ion engines . As reactive charged particles, they are also used in air purification by disrupting microbes, and in household items such as smoke detectors . As signalling and metabolism in organisms are controlled by

3162-472: Is most often called the oldest since this treasure is the largest and most diverse. Gold artifacts probably made their first appearance in Ancient Egypt at the very beginning of the pre-dynastic period, at the end of the fifth millennium BC and the start of the fourth, and smelting was developed during the course of the 4th millennium; gold artifacts appear in the archeology of Lower Mesopotamia during

3255-542: Is now questioned. The gold-bearing Witwatersrand rocks were laid down between 700 and 950 million years before the Vredefort impact. These gold-bearing rocks had furthermore been covered by a thick layer of Ventersdorp lavas and the Transvaal Supergroup of rocks before the meteor struck, and thus the gold did not actually arrive in the asteroid/meteorite. What the Vredefort impact achieved, however,

3348-607: Is one short of the stable, filled shell with 8 electrons. Thus, a chlorine atom tends to gain an extra electron and attain a stable 8- electron configuration , becoming a chloride anion in the process: This driving force is what causes sodium and chlorine to undergo a chemical reaction, wherein the "extra" electron is transferred from sodium to chlorine, forming sodium cations and chloride anions. Being oppositely charged, these cations and anions form ionic bonds and combine to form sodium chloride , NaCl, more commonly known as table salt. Polyatomic and molecular ions are often formed by

3441-451: Is possible to mix the notations for the individual metal centre with a polyatomic complex, as shown by the uranyl ion example. If an ion contains unpaired electrons , it is called a radical ion. Just like uncharged radicals, radical ions are very reactive. Polyatomic ions containing oxygen, such as carbonate and sulfate, are called oxyanions . Molecular ions that contain at least one carbon to hydrogen bond are called organic ions . If

3534-427: Is red if the particles are small; larger particles of colloidal gold are blue. Gold has only one stable isotope , Au , which is also its only naturally occurring isotope, so gold is both a mononuclidic and monoisotopic element . Thirty-six radioisotopes have been synthesized, ranging in atomic mass from 169 to 205. The most stable of these is Au with a half-life of 186.1 days. The least stable

3627-553: Is resistant to most acids, though it does dissolve in aqua regia (a mixture of nitric acid and hydrochloric acid ), forming a soluble tetrachloroaurate anion . Gold is insoluble in nitric acid alone, which dissolves silver and base metals , a property long used to refine gold and confirm the presence of gold in metallic substances, giving rise to the term ' acid test '. Gold dissolves in alkaline solutions of cyanide , which are used in mining and electroplating . Gold also dissolves in mercury , forming amalgam alloys, and as

3720-484: Is similarly unaffected by most bases. It does not react with aqueous , solid , or molten sodium or potassium hydroxide . It does however, react with sodium or potassium cyanide under alkaline conditions when oxygen is present to form soluble complexes. Common oxidation states of gold include +1 (gold(I) or aurous compounds) and +3 (gold(III) or auric compounds). Gold ions in solution are readily reduced and precipitated as metal by adding any other metal as

3813-483: Is solid under standard conditions . Gold often occurs in free elemental ( native state ), as nuggets or grains, in rocks , veins , and alluvial deposits . It occurs in a solid solution series with the native element silver (as in electrum ), naturally alloyed with other metals like copper and palladium , and mineral inclusions such as within pyrite . Less commonly, it occurs in minerals as gold compounds, often with tellurium ( gold tellurides ). Gold

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3906-589: Is the soluble form of gold encountered in mining. The binary gold halides , such as AuCl , form zigzag polymeric chains, again featuring linear coordination at Au. Most drugs based on gold are Au(I) derivatives. Au(III) (referred to as auric) is a common oxidation state, and is illustrated by gold(III) chloride , Au 2 Cl 6 . The gold atom centers in Au(III) complexes, like other d compounds, are typically square planar , with chemical bonds that have both covalent and ionic character. Gold(I,III) chloride

3999-657: Is thought to have been delivered to Earth by asteroid impacts during the Late Heavy Bombardment , about 4 billion years ago. Gold which is reachable by humans has, in one case, been associated with a particular asteroid impact. The asteroid that formed Vredefort impact structure 2.020 billion years ago is often credited with seeding the Witwatersrand basin in South Africa with the richest gold deposits on earth. However, this scenario

4092-511: Is thought to have been produced in supernova nucleosynthesis , and from the collision of neutron stars , and to have been present in the dust from which the Solar System formed. Traditionally, gold in the universe is thought to have formed by the r-process (rapid neutron capture) in supernova nucleosynthesis , but more recently it has been suggested that gold and other elements heavier than iron may also be produced in quantity by

4185-416: Is unaffected by most acids. It does not react with hydrofluoric , hydrochloric , hydrobromic , hydriodic , sulfuric , or nitric acid . It does react with selenic acid , and is dissolved by aqua regia , a 1:3 mixture of nitric acid and hydrochloric acid . Nitric acid oxidizes the metal to +3 ions, but only in minute amounts, typically undetectable in the pure acid because of the chemical equilibrium of

4278-451: Is unequal to its total number of protons. A cation is a positively charged ion with fewer electrons than protons (e.g. K (potassium ion)) while an anion is a negatively charged ion with more electrons than protons. (e.g. Cl (chloride ion) and OH (hydroxide ion)). Opposite electric charges are pulled towards one another by electrostatic force , so cations and anions attract each other and readily form ionic compounds . If only

4371-432: Is written in superscript immediately after the chemical structure for the molecule/atom. The net charge is written with the magnitude before the sign; that is, a doubly charged cation is indicated as 2+ instead of +2 . However, the magnitude of the charge is omitted for singly charged molecules/atoms; for example, the sodium cation is indicated as Na and not Na . An alternative (and acceptable) way of showing

4464-556: The Fe (positively doubly charged) example seen above is referred to as Fe(III) , Fe or Fe III (Fe I for a neutral Fe atom, Fe II for a singly ionized Fe ion). The Roman numeral designates the formal oxidation state of an element, whereas the superscripted Indo-Arabic numerals denote the net charge. The two notations are, therefore, exchangeable for monatomic ions, but the Roman numerals cannot be applied to polyatomic ions. However, it

4557-666: The Chu (state) circulated the Ying Yuan , one kind of square gold coin. In Roman metallurgy , new methods for extracting gold on a large scale were developed by introducing hydraulic mining methods, especially in Hispania from 25 BC onwards and in Dacia from 106 AD onwards. One of their largest mines was at Las Medulas in León , where seven long aqueducts enabled them to sluice most of

4650-602: The Old Testament , starting with Genesis 2:11 (at Havilah ), the story of the golden calf , and many parts of the temple including the Menorah and the golden altar. In the New Testament , it is included with the gifts of the magi in the first chapters of Matthew. The Book of Revelation 21:21 describes the city of New Jerusalem as having streets "made of pure gold, clear as crystal". Exploitation of gold in

4743-658: The Varna Necropolis near Lake Varna and the Black Sea coast, thought to be the earliest "well-dated" finding of gold artifacts in history. Several prehistoric Bulgarian finds are considered no less old – the golden treasures of Hotnitsa, Durankulak , artifacts from the Kurgan settlement of Yunatsite near Pazardzhik , the golden treasure Sakar, as well as beads and gold jewelry found in the Kurgan settlement of Provadia – Solnitsata ("salt pit"). However, Varna gold

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4836-470: The reducing agent . The added metal is oxidized and dissolves, allowing the gold to be displaced from solution and be recovered as a solid precipitate. Less common oxidation states of gold include −1, +2, and +5. The −1 oxidation state occurs in aurides, compounds containing the Au anion . Caesium auride (CsAu), for example, crystallizes in the caesium chloride motif; rubidium, potassium, and tetramethylammonium aurides are also known. Gold has

4929-541: The Greek word ἄνω ( ánō ), meaning "up" ) is an ion with more electrons than protons, giving it a net negative charge (since electrons are negatively charged and protons are positively charged). A cation (+) ( / ˈ k æ t ˌ aɪ . ən / KAT -eye-ən , from the Greek word κάτω ( kátō ), meaning "down" ) is an ion with fewer electrons than protons, giving it a positive charge. There are additional names used for ions with multiple charges. For example, an ion with

5022-519: The charge in an organic ion is formally centred on a carbon, it is termed a carbocation (if positively charged) or carbanion (if negatively charged). Monatomic ions are formed by the gain or loss of electrons to the valence shell (the outer-most electron shell) in an atom. The inner shells of an atom are filled with electrons that are tightly bound to the positively charged atomic nucleus , and so do not participate in this kind of chemical interaction. The process of gaining or losing electrons from

5115-1409: The corresponding gold halides. Gold is strongly attacked by fluorine at dull-red heat to form gold(III) fluoride AuF 3 . Powdered gold reacts with chlorine at 180 °C to form gold(III) chloride AuCl 3 . Gold reacts with bromine at 140 °C to form a combination of gold(III) bromide AuBr 3 and gold(I) bromide AuBr, but reacts very slowly with iodine to form gold(I) iodide AuI: 2 Au + 3 F 2 → Δ 2 AuF 3 {\displaystyle {\ce {2Au{}+3F2->[{} \atop \Delta ]2AuF3}}} 2 Au + 3 Cl 2 → Δ 2 AuCl 3 {\displaystyle {\ce {2Au{}+3Cl2->[{} \atop \Delta ]2AuCl3}}} 2 Au + 2 Br 2 → Δ AuBr 3 + AuBr {\displaystyle {\ce {2Au{}+2Br2->[{} \atop \Delta ]AuBr3{}+AuBr}}} 2 Au + I 2 → Δ 2 AuI {\displaystyle {\ce {2Au{}+I2->[{} \atop \Delta ]2AuI}}} Gold does not react with sulfur directly, but gold(III) sulfide can be made by passing hydrogen sulfide through

5208-409: The corresponding parent atom or molecule due to the smaller size of the electron cloud. One particular cation (that of hydrogen) contains no electrons, and thus consists of a single proton – much smaller than the parent hydrogen atom. Anion (−) and cation (+) indicate the net electric charge on an ion. An ion that has more electrons than protons, giving it a net negative charge, is named an anion, and

5301-424: The densest element, osmium , is 22.588 ± 0.015 g/cm . Whereas most metals are gray or silvery white, gold is slightly reddish-yellow. This color is determined by the frequency of plasma oscillations among the metal's valence electrons, in the ultraviolet range for most metals but in the visible range for gold due to relativistic effects affecting the orbitals around gold atoms. Similar effects impart

5394-689: The early 4th millennium. As of 1990, gold artifacts found at the Wadi Qana cave cemetery of the 4th millennium BC in West Bank were the earliest from the Levant. Gold artifacts such as the golden hats and the Nebra disk appeared in Central Europe from the 2nd millennium BC Bronze Age . The oldest known map of a gold mine was drawn in the 19th Dynasty of Ancient Egypt (1320–1200 BC), whereas

5487-408: The first century AD. Anion An ion ( / ˈ aɪ . ɒ n , - ən / ) is an atom or molecule with a net electrical charge . The charge of an electron is considered to be negative by convention and this charge is equal and opposite to the charge of a proton , which is considered to be positive by convention. The net charge of an ion is not zero because its total number of electrons

5580-591: The first written reference to gold was recorded in the 12th Dynasty around 1900 BC. Egyptian hieroglyphs from as early as 2600 BC describe gold, which King Tushratta of the Mitanni claimed was "more plentiful than dirt" in Egypt. Egypt and especially Nubia had the resources to make them major gold-producing areas for much of history. One of the earliest known maps, known as the Turin Papyrus Map , shows

5673-454: The gaining or losing of elemental ions such as a proton, H , in neutral molecules. For example, when ammonia , NH 3 , accepts a proton, H —a process called protonation —it forms the ammonium ion, NH + 4 . Ammonia and ammonium have the same number of electrons in essentially the same electronic configuration , but ammonium has an extra proton that gives it a net positive charge. Ammonia can also lose an electron to gain

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5766-435: The gas through the application of an electric field. The Geiger–Müller tube and the proportional counter both use a phenomenon known as a Townsend avalanche to multiply the effect of the original ionizing event by means of a cascade effect whereby the free electrons are given sufficient energy by the electric field to release further electrons by ion impact. When writing the chemical formula for an ion, its net charge

5859-403: The gold acts simply as a solute, this is not a chemical reaction . A relatively rare element, gold is a precious metal that has been used for coinage , jewelry , and other works of art throughout recorded history . In the past, a gold standard was often implemented as a monetary policy . Gold coins ceased to be minted as a circulating currency in the 1930s, and the world gold standard

5952-583: The gold price, although the prices can diverge during each day. As of March 31, 2019, the trust had 24,572,554.8 ounces of vaulted gold in its custody, representing an asset value of $ 31,697,578,486.50. SPDR Gold Shares is one of the top ten largest holders of gold in the world . In November 2004, the fund was listed (under the name streetTRACKS Gold Shares) on the New York Stock Exchange by State Street Global Advisors with World Gold Council sponsorship. Since 13 December 2007 and following

6045-563: The highest electron affinity of any metal, at 222.8 kJ/mol, making Au a stable species, analogous to the halides . Gold also has a –1 oxidation state in covalent complexes with the group 4 transition metals, such as in titanium tetraauride and the analogous zirconium and hafnium compounds. These chemicals are expected to form gold-bridged dimers in a manner similar to titanium(IV) hydride . Gold(II) compounds are usually diamagnetic with Au–Au bonds such as [ Au(CH 2 ) 2 P(C 6 H 5 ) 2 ] 2 Cl 2 . The evaporation of

6138-417: The least energy. For example, a sodium atom, Na, has a single electron in its valence shell, surrounding 2 stable, filled inner shells of 2 and 8 electrons. Since these filled shells are very stable, a sodium atom tends to lose its extra electron and attain this stable configuration, becoming a sodium cation in the process On the other hand, a chlorine atom, Cl, has 7 electrons in its valence shell, which

6231-409: The lowest measured ionization energy of all the elements and helium has the greatest. In general, the ionization energy of metals is much lower than the ionization energy of nonmetals , which is why, in general, metals will lose electrons to form positively charged ions and nonmetals will gain electrons to form negatively charged ions. Ionic bonding is a kind of chemical bonding that arises from

6324-458: The luminescence of the Sun to the existence of the Earth's ionosphere . Atoms in their ionic state may have a different color from neutral atoms, and thus light absorption by metal ions gives the color of gemstones . In both inorganic and organic chemistry (including biochemistry), the interaction of water and ions is often relevant for understanding properties of systems; an example of their importance

6417-547: The mineral quartz, and gold out of the fluids and onto nearby surfaces. The world's oceans contain gold. Measured concentrations of gold in the Atlantic and Northeast Pacific are 50–150 femtomol /L or 10–30 parts per quadrillion (about 10–30 g/km ). In general, gold concentrations for south Atlantic and central Pacific samples are the same (~50 femtomol/L) but less certain. Mediterranean deep waters contain slightly higher concentrations of gold (100–150 femtomol/L), which

6510-479: The most common Earth anion, oxygen . From this fact it is apparent that most of the space of a crystal is occupied by the anion and that the cations fit into the spaces between them." The terms anion and cation (for ions that respectively travel to the anode and cathode during electrolysis) were introduced by Michael Faraday in 1834 following his consultation with William Whewell . Ions are ubiquitous in nature and are responsible for diverse phenomena from

6603-454: The mutual attraction of oppositely charged ions. Ions of like charge repel each other, and ions of opposite charge attract each other. Therefore, ions do not usually exist on their own, but will bind with ions of opposite charge to form a crystal lattice . The resulting compound is called an ionic compound , and is said to be held together by ionic bonding . In ionic compounds there arise characteristic distances between ion neighbours from which

6696-411: The noble metals, it still forms many diverse compounds. The oxidation state of gold in its compounds ranges from −1 to +5, but Au(I) and Au(III) dominate its chemistry. Au(I), referred to as the aurous ion, is the most common oxidation state with soft ligands such as thioethers , thiolates , and organophosphines . Au(I) compounds are typically linear. A good example is Au(CN) − 2 , which

6789-502: The other. In correspondence with Faraday, Whewell also coined the words anode and cathode , as well as anion and cation as ions that are attracted to the respective electrodes. Svante Arrhenius put forth, in his 1884 dissertation, the explanation of the fact that solid crystalline salts dissociate into paired charged particles when dissolved, for which he would win the 1903 Nobel Prize in Chemistry. Arrhenius' explanation

6882-576: The plan of a gold mine in Nubia together with indications of the local geology . The primitive working methods are described by both Strabo and Diodorus Siculus , and included fire-setting . Large mines were also present across the Red Sea in what is now Saudi Arabia . Gold is mentioned in the Amarna letters numbered 19 and 26 from around the 14th century BC. Gold is mentioned frequently in

6975-468: The price of an ounce of gold. SPDR Gold Shares competes with iShares Gold Trust ( NYSE Arca :  IAU ). There is also iShares Silver Trust ( NYSE Arca :  SLV ). The Trust’s gold bullion is stored as London Good Delivery gold bars (400 oz.) and held in their vault in London or by several custodians worldwide. The ETF pays an expense charge of 0.40% per annum. Gold Gold

7068-464: The project. The earliest recorded metal employed by humans appears to be gold, which can be found free or " native ". Small amounts of natural gold have been found in Spanish caves used during the late Paleolithic period, c.  40,000 BC . The oldest gold artifacts in the world are from Bulgaria and are dating back to the 5th millennium BC (4,600 BC to 4,200 BC), such as those found in

7161-690: The r-process in the collision of neutron stars . In both cases, satellite spectrometers at first only indirectly detected the resulting gold. However, in August 2017, the spectroscopic signatures of heavy elements, including gold, were observed by electromagnetic observatories in the GW170817 neutron star merger event, after gravitational wave detectors confirmed the event as a neutron star merger. Current astrophysical models suggest that this single neutron star merger event generated between 3 and 13 Earth masses of gold. This amount, along with estimations of

7254-620: The rare bismuthide maldonite ( Au 2 Bi ) and antimonide aurostibite ( AuSb 2 ). Gold also occurs in rare alloys with copper , lead , and mercury : the minerals auricupride ( Cu 3 Au ), novodneprite ( AuPb 3 ) and weishanite ( (Au,Ag) 3 Hg 2 ). A 2004 research paper suggests that microbes can sometimes play an important role in forming gold deposits, transporting and precipitating gold to form grains and nuggets that collect in alluvial deposits. A 2013 study has claimed water in faults vaporizes during an earthquake, depositing gold. When an earthquake strikes, it moves along

7347-420: The rate of occurrence of these neutron star merger events, suggests that such mergers may produce enough gold to account for most of the abundance of this element in the universe. Because the Earth was molten when it was formed , almost all of the gold present in the early Earth probably sank into the planetary core . Therefore, as hypothesized in one model, most of the gold in the Earth's crust and mantle

7440-935: The reaction. However, the ions are removed from the equilibrium by hydrochloric acid, forming AuCl − 4 ions, or chloroauric acid , thereby enabling further oxidation: 2 Au + 6 H 2 SeO 4 → 200 ∘ C Au 2 ( SeO 4 ) 3 + 3 H 2 SeO 3 + 3 H 2 O {\displaystyle {\ce {2Au{}+6H2SeO4->[{} \atop {200^{\circ }{\text{C}}}]Au2(SeO4)3{}+3H2SeO3{}+3H2O}}} Au + 4 HCl + HNO 3 ⟶ HAuCl 4 + NO ↑ + 2 H 2 O {\displaystyle {\ce {Au{}+4HCl{}+HNO3->HAuCl4{}+NO\uparrow +2H2O}}} Gold

7533-473: The rest of the gold on Earth is thought to have been incorporated into the planet since its very beginning, as planetesimals formed the mantle . In 2017, an international group of scientists established that gold "came to the Earth's surface from the deepest regions of our planet", the mantle, as evidenced by their findings at Deseado Massif in the Argentinian Patagonia . On Earth, gold

7626-486: The same result and showing that the isotopes of gold produced by it were all radioactive . In 1980, Glenn Seaborg transmuted several thousand atoms of bismuth into gold at the Lawrence Berkeley Laboratory. Gold can be manufactured in a nuclear reactor, but doing so is highly impractical and would cost far more than the value of the gold that is produced. Although gold is the most noble of

7719-486: The silver content. The more silver, the lower the specific gravity . Native gold occurs as very small to microscopic particles embedded in rock, often together with quartz or sulfide minerals such as " fool's gold ", which is a pyrite . These are called lode deposits. The metal in a native state is also found in the form of free flakes, grains or larger nuggets that have been eroded from rocks and end up in alluvial deposits called placer deposits . Such free gold

7812-450: The south-east corner of the Black Sea is said to date from the time of Midas , and this gold was important in the establishment of what is probably the world's earliest coinage in Lydia around 610 BC. The legend of the golden fleece dating from eighth century BCE may refer to the use of fleeces to trap gold dust from placer deposits in the ancient world. From the 6th or 5th century BC,

7905-434: The spatial extension and the ionic radius of individual ions may be derived. The most common type of ionic bonding is seen in compounds of metals and nonmetals (except noble gases , which rarely form chemical compounds). Metals are characterized by having a small number of electrons in excess of a stable, closed-shell electronic configuration . As such, they have the tendency to lose these extra electrons in order to attain

7998-436: The tendency of gold ions to interact at distances that are too long to be a conventional Au–Au bond but shorter than van der Waals bonding . The interaction is estimated to be comparable in strength to that of a hydrogen bond . Well-defined cluster compounds are numerous. In some cases, gold has a fractional oxidation state. A representative example is the octahedral species {Au( P(C 6 H 5 ) 3 )} 2+ 6 . Gold

8091-410: The then-unknown species that goes from one electrode to the other through an aqueous medium. Faraday did not know the nature of these species, but he knew that since metals dissolved into and entered a solution at one electrode and new metal came forth from a solution at the other electrode; that some kind of substance has moved through the solution in a current. This conveys matter from one place to

8184-403: The transmutation of the chemical elements did not become possible until the understanding of nuclear physics in the 20th century. The first synthesis of gold was conducted by Japanese physicist Hantaro Nagaoka , who synthesized gold from mercury in 1924 by neutron bombardment. An American team, working without knowledge of Nagaoka's prior study, conducted the same experiment in 1941, achieving

8277-417: The visors of heat-resistant suits and in sun visors for spacesuits . Gold is a good conductor of heat and electricity . Gold has a density of 19.3 g/cm , almost identical to that of tungsten at 19.25 g/cm ; as such, tungsten has been used in the counterfeiting of gold bars , such as by plating a tungsten bar with gold. By comparison, the density of lead is 11.34 g/cm , and that of

8370-787: Was abandoned for a fiat currency system after the Nixon shock measures of 1971. In 2020, the world's largest gold producer was China, followed by Russia and Australia. As of 2020 , a total of around 201,296 tonnes of gold exist above ground. This is equal to a cube, with each side measuring roughly 21.7 meters (71 ft). The world's consumption of new gold produced is about 50% in jewelry, 40% in investments , and 10% in industry . Gold's high malleability, ductility, resistance to corrosion and most other chemical reactions, as well as conductivity of electricity have led to its continued use in corrosion-resistant electrical connectors in all types of computerized devices (its chief industrial use). Gold

8463-530: Was coined from neuter present participle of Greek ἰέναι ( ienai ), meaning "to go". A cation is something that moves down ( Greek : κάτω , kato , meaning "down") and an anion is something that moves up ( Greek : ἄνω , ano , meaning "up"). They are so called because ions move toward the electrode of opposite charge. This term was introduced (after a suggestion by the English polymath William Whewell ) by English physicist and chemist Michael Faraday in 1834 for

8556-477: Was that in forming a solution, the salt dissociates into Faraday's ions, he proposed that ions formed even in the absence of an electric current. Ions in their gas-like state are highly reactive and will rapidly interact with ions of opposite charge to give neutral molecules or ionic salts. Ions are also produced in the liquid or solid state when salts interact with solvents (for example, water) to produce solvated ions , which are more stable, for reasons involving

8649-621: Was to distort the Witwatersrand basin in such a way that the gold-bearing rocks were brought to the present erosion surface in Johannesburg , on the Witwatersrand , just inside the rim of the original 300 km (190 mi) diameter crater caused by the meteor strike. The discovery of the deposit in 1886 launched the Witwatersrand Gold Rush . Some 22% of all the gold that is ascertained to exist today on Earth has been extracted from these Witwatersrand rocks. Much of

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