Explanations of "Gold" investment-related terms A to Z
Numismatic coins
Numismatic gold coins typically have a higher value for collectors than the face value on the gold coin or the value of the metal content due to the coin's rarity or its age. Their usefulness to gold investors is usually limited and the same goes for silver numismatics.
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The New York Mercantile Exchange (Nymex) is a commodity futures exchange owned and operated by CME Group Inc., the largest derivatives marketplace in the world. Nymex was founded in 1872 and it is located in Manhattan, New York. It is the world’s largest physical commodity futures exchange, with mostly electronic trading since 2006. In 1994 it merged with the Commodity Exchange Inc. (Comex) under the Nymex name. Since then, Comex is officially Nymex’s division responsible for metals trading. Nymex specializes in energy carriers and some metals.
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