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An alloy, sometimes called a metal alloy, is a substance made from combining two or more metals together or by combining one or more metals with another material. Alloys are created for different reasons, such as for added strength. Brass is an example of an alloy, and is made by combining copper with zinc. Steel is an alloy made from iron and carbon.
An ETF is an Exchange Traded Fund. If you buy gold ETF’s, you essentially get a piece of paper (kind of like a “claim check” or a “promissory note”), stating that you own gold, but you do not actually take delivery of the gold. ETF’s can supposedly be cashed in for real gold at any time, but some believe this may not always be the case and can be risky. Here at Investing Gold Now (IGN), we believe you should always take physical delivery of your gold and silver.
IGN is an acronym for Investing Gold Now. IGN is blog that teaches everything you need to know to confidently buy, sell, and trade gold and silver. IGN, or Investing Gold Now, is the website you are on right now!
Numismatic value refers to the historical value as well as the rarity. Numismatic coins are traded for amounts that exceed the value of the metal content or the face value of the coin. As an example, a gold coin salvaged from the Titanic will have a high numismatic value, and will trade for more than an identical coin with no additional historical significance.
A troy ounce is a unit of measurement of weight. It is typically used with precious metals, and should not be confused with a regular ounce. A troy ounce (ozt) is not the same as a regular ounce (oz). (FYI: A regular ounce is known as a avoirdupois ounce). 1 troy ounce is equal to 31.1 grams or 1.097 regular ounces.
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