The UAE alchemist who turned fields of scrap into a factory of gold
Monday, April 8, 2013 3:09
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In his possession are rare tools with which he works his lucrative and ancient craft: Aqua Regia, the “royal water” that can dissolve pure gold; furnaces that glow amber and red at 1,100 degrees to melt crucibles of precious metal into a fiery liquid; supercharged electrolysis plates that attract particles of gold like a magnet. He has them all.
But, as is the case with all true alchemists, Mr Kaloti’s fortune began as nothing more than a rag-tag collection of scrap metals that he wrought over half a century into what is today the biggest gold refinery, forge and mint house complex in the Middle East.
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