Crossword Genius

Government leader, getting on a bit, produces wealth (4)

Ross

I believe the answer is:

gold

I'm a little stuck... Click here to teach me more about this clue!

'a bit produces wealth' is the definition.
'gold' can be an answer for 'wealth' (gold can mean wealth or riches). I am not certain of the 'a bit produces' bit.

'government leader getting on' is the wordplay.
'leader' suggests taking the first letters.
'getting on' becomes 'old' ('getting on a bit' means 'old').
The initial letter of 'government' is 'g'.
'g'+'old'='GOLD'

Can you help me to learn more?

(Other definitions for gold that I've seen before include "first gets this?" , "Au - metal" , "gift from a king" , "Mine produces this" , "bull's-eye" .)

Want a hint initially instead of a full solution? Install my app