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Karats are not really a measurement persay
'''Gold''' is a chemical [[element]]. It is a precious [[metal]] which has been used as [[money]]. Gold is found in nature as nuggets or grains in rocks, underground and in deposits. It is a soft, shiny, yellow metal, and is normally weighed in [[Carat|Karats]].
'''Gold''' is a chemical [[element]]. It is a precious [[metal]] which has been used as [[money]]. Gold is found in nature as nuggets or grains in rocks, underground and in deposits. It is a soft, shiny, yellow metal, and is normally measured in [[Carat|Karats]]. A Karat refers to how much of a substance is gold, with 14 Karat being the most common. Gold is usually mixed with other elements because of how soft and pliable it is.
Gold is the basis for a monetary standard used by the International Monetary Fund (IMF) and the Bank for International Settlements (BIS).
Gold is the basis for a monetary standard used by the International Monetary Fund (IMF) and the Bank for International Settlements (BIS).