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 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