Consider melting or smelting your gold, silver, and other metals yourself! But first understand that there is a big difference between melting and smelting. Melting means to change something from a solid to a liquid by the application of heat. When the heat is removed, the melted material returns to its solid state.
Community Q&A. Annual percentage yield (APY) represents the rate of interest on a certificate of deposit, savings account or other investment. Typically annual percentage yield is calculated for accounts receiving compounded interest rather than a simple interest reflecting the nominal (official) interest.rate. One use of APY is to compare the potential incomes from different investment opportunities.
Annual percentage rate (APR) is similar to APY, but it does not take compounding into account. It is a simpler way of handling interest. Unfortunately, is APY more accurate than APR in some situations (because it tells you what a loan really costs as interest costs compound), but when you borrow money you typically only see the APR.