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The Gold Glossary

Gold Glossary

  • Fiat money

    Refers to paper money that was made a legal tender as per law, but is not backed by metals such as gold/silver.

  • Field

    Refers to the open area or background present on a coin.

  • Fineness

    It is the purity of a precious metal that is measured in 1,000 parts of an alloy. For example, gold bar with fineness of 0.995 means that it has 995 parts of gold and 5 parts of another metal.