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Gold is not the best electrical conductor. Silver is actually a better conductor. Gold is generally thought of as a better material to use because of it corrosion resistance. The reason why gold is conductive is the same reason why almost all conductive solids (and a few liquids) are conductive. They have free electrons (valence electons). Think of an atom. Around the nucleus, orbit the electrons. The electrons form into rings with a specific amount of electrons allowed in each ring. To be in good ballance, the atom wants to have the last ring to be completely full. So, elements that have a few extra electrons like Au and Ag try to get rid of them. Thus making them conduct electricity. (in laymans terms)

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