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What does .999+ Mean in Precious Metals?

APMEX silver rounds and bars of .999 fine silver.

Does .999+ Mean the Same Thing as .9999?

In precious metals, the millesimal terms .999 fine and .9999 fine refers to gold, silver, platinum, and palladium products with 99.9% and 99.99% purity, respectively.

Where Does That Leave .999+?

When a gold or silver product is referred to as having .999+ millesimal fineness, it indicates a metal purity that is greater than 99.9% but less than 99.99%.

.999 and .9999 are generally used as the standards for precious metals purity. Where does the .999+ originate?

The term 999+ is often used to describe precious metal products that are investment grade. It ensures that the coin, round, or bar will be of exceptional purity and predominantly free of impurities that could affect their value.

When dealing with individual retirement accounts and precious metals, this term will come into play. For a product to be eligible for a precious metal IRA, it must meet standards of purity as defined by law.

Gold products used for IRAs must be 99.5% pure or have a millesimal fineness of .995. 

Silver products used for IRAs must be 99.9% pure or possess .999 fineness.

Platinum and palladium products must be… drum roll, please… 99.95% pure or possess .9995 millesimal fineness, making them .999+ precious metal products.

It should be mentioned that the term 999+ is not an official designation but a shorthand for referring to ultra-high purity products that are less than .9999 fine. In spoken conversation, these will often be referred to as “three nine’s fine” and “four nine’s fine.”

Quick Guides to Investing

Step 1:

Why Buy Physical Gold and Silver?

If you are concerned about the volatility of the stock market, you’re not alone. The extreme highs and lows of the stock market often lead investors towards safe-haven assets, like bullion. Historically, the Precious Metals market has an inverse relationship with the stock market, meaning that when stocks are up, bullion is down and vice versa.

Step 2:

How Much Gold and Silver Should You Have?

This question is one of the most important for investors to answer. After all, experts suggest limits on how much of any types of investments should go into a portfolio. After deciding to purchase and own Precious Metals and considering how much money to allocate, one can then think about how much and what to buy at any point in time.

Step 3:

Which Precious Metals Should I Buy?

With the frequent changes in the market and countless Precious Metal products available, choosing investments can be difficult. Some want Gold or Silver coins, rounds or bars while others want products that are valuable because of their design, mintage or other collectible qualities. Also, collectors may shop for unique sets and individual pieces for their collections.

Step 4:

When to Buy Gold & Silver

After considering why, how much, and what Precious Metals products to buy, an investor’s next step is when to buy them. This decision requires an understanding of market trends and the impact of economic factors on precious metal prices.

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