Miller process the gold is removed and processed in the manner required for sale or use. The resulting gold is 99.95% pure, but of lower purity than gold produced by the other common refining method, the Wohlwill process, which produces gold to 99.999% purity. The Wohlwill process is commonly used for producing high-purity gold, such as in electronics work and the manufacture of some silicates, where exacting standards of purity are required. When highest purity gold is not required, refiners often utilize the Miller process due to its relative ease, quicker turnaround times, and because it does not tie up the large
Commodity value Commodity value In the field of economics, the commodity value of a good is its free market intrinsic value under optimal use conditions. In a free market, the commodity value of a good will be reflected by its price. For example, if an acre of land can yield a net of 100 dollars loss by lying fallow, 50 dollars gain by being planted with corn, and 100 dollars gain by being planted with wheat, then that acre's commodity value is 100 dollars; the farmer is assumed to put his land to best use. The price of a commodity fluctuates around