acronyms and abbreviations

[Craig0ry]

Being new to precious metals(PM) and this forum. I thought it might be handy to have a thread about all the different acronyms and abbreviations used here regarding precious metals or the like, for example 

PM = Precious Metal

and I’ve seen a few I don’t understand yet, maybe you guys/gals could help out and also post some more and their meanings!

 

FIAT =?? Not the car Iam assuming.

ETF =?? 

...

educate me!

[5huggy]

EDUCATED!

 

Fiat money is a currency without intrinsic value that has been established as money, often by government regulation. Fiat money does not have use value, and has value only because a government maintains its value, or because parties engaging in exchange agree on its value.

An exchange-traded fund (ETF) is an investment fund traded on stock exchanges, much like stocks

[Tn21]

Fiat - fiat currency 

ETF - exchange traded fund

 

[CadmiumGreen]

Check out The Silver Forum Wiki for something analogous to what you would be looking for...

https://thesilverforum.com/wiki/

Dropping knowledge warheads on foreheads!

[Craig0ry]

4 minutes ago, CadmiumGreen said:

Check out The Silver Forum Wiki for something analogous to what you would be looking for...

https://thesilverforum.com/wiki/

Dropping knowledge warheads on foreheads!

Perfect! 

 

Thank you!

[Martlet]

Anyone using FIAT for fiat currency is SHOUTING and should be treated with caution.