Wohlwill process and electricity travels through the electrolyte of chloroauric acid. Gold and other metals are dissolved at the anode, and pure gold (coming through the chloroauric acid by ion transfer) is plated onto the gold cathode. When the anode is dissolved, the cathode is removed and melted or otherwise processed in the manner required for sale or use. The resulting gold is 99.999% pure, and of higher purity than gold produced by the other common refining method, the Miller process, which produces gold of 99.95% purity. For industrial gold production the Wohlwill process is necessary for highest purity gold applications. When
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