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
Acid test (gold) to assess the liquidity of a business. The use of the term "acid test" for experiences with the psychedelic drug LSD was popularised by the Merry Pranksters, and derives from the drug's common name, "acid". Acid test (gold) An acid test is any qualitative chemical or metallurgical assay which uses acid; most commonly, and historically, the use of a strong acid to distinguish gold from base metals. Figuratively, acid test is any definitive test for some attribute, e.g. of a person's character, or of the performance of product. Testing for gold with acid focuses on the fact that gold is