Period 6 element also dissolves in alkaline solutions of cyanide, which have been used in mining. Gold dissolves in mercury, forming amalgam alloys. Gold is insoluble in nitric acid, which dissolves silver and base metals, a property that has long been used to confirm the presence of gold in items, giving rise to the term "the acid test." Gold has been a valuable and highly sought-after precious metal for coinage, jewelry, and other arts since long before the beginning of recorded history. Gold standards have been a common basis for monetary policies throughout human history, later being supplanted by fiat currency starting in
Brønsted–Lowry acid–base theory conjugate acid of the base in the first reaction and the conjugate base of the acid. In the above example, acetate is the base of the reverse reaction and hydronium ion is the acid. The power of the Brønsted–Lowry theory is that, in contrast to Arrhenius theory, it does not require an acid to dissociate. The essence of Brønsted–Lowry theory is that an acid only exists as such in relation to a base, and "vice versa". Water is amphoteric as it can act as an acid or as a base. In the image shown at the right one molecule of