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Investment grade metal, mostly gold and silver, that can be physically possessed, for use as an investment or currency that reduces counter-party risk and maintains value in inflationary, unstable economies. It is commonly held in coin and bar form in various weights at greater than 99% purity, although many forms of metal including older currency with varying percentages of silver content and even base metals in large quantity are considered phyzz. Phyzz specifically implies a differentiation from other precious metals investments or ownership arrangements in that it is physically delivered and possessed by the owner, as opposed to precious metals derived but nakedly-shorted, over-leveraged, and manipulated paper investments. The word "phyzz" was created by SGS at silvergoldsilver.com.
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