The magnetosphere protects earthlings from solar rays. It is a result of a magnetic field sorrounding our planet.

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It has been shown, through the magnetic dynamo effect, that it is induced by the Iron molten core that chirns due to the Earth's rotation.

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According at the periodic table, it is evident that Iron is the magnetically reactive material on Earth. Is it a mere coincedence that the core and the magnetically active material are both made of Iron?
If there was a planet out there with a golden core, would the magnetically reactive material on that planet be gold as well? If an austronaut stood on such a planet with a ferrous and golden compass, which one would work?
Consequently, how would this impact electromagnetics?

The Biot-Savat law shows the realtion between the magnetic field (B) and induced current (I). Would an alternator made of gold work and that with iron not work in such a planet?
There are other planets in our solar system that have a magnetosphere (Jupiter, Saturn, Uranus, and Neptune) and a molten core, but there is no indication of how the material make-up of the core co-relates (or doesn't) with the magnetically reactive material on that planet.
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