Wohlwill process lower purity gold is required refiners often utilize the Miller process due to its relative ease, quicker turnaround times, and because it does not require a large inventory of gold, in the form of chloroauric acid, on site at all times. Wohlwill process The Wohlwill process is an industrial-scale chemical procedure used to refine gold to the highest degree of purity (99.999%). The process was invented in 1874 by Emil Wohlwill. This electrochemical process involves using a cast gold ingot, often called a Doré bar, of 95%+ gold to serve as an anode. Lower percentages of gold in the anode
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