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 pool to the Securities and Exchange Commission, regulate commodity pools. Many hedge funds are commodity pools. Funds that trade in commodities, which include many of the largest funds engaged in macro-strategies, are registered with the Commodity Futures Trading Commission as commodity pools and as commodity trading advisors (CTAs). In an address to the Securities Industry Association in 2004, Sharon Brown-Hruska, acting director of the CFTC, said that 65 of the top 100 funds in 2003 were commodity pools, and 50 out of the 100 largest hedge funds were CTAs in addition to being commodity pools. Commodity pool A commodity pool is