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A fluid for ink jet printing characters on a substrate that become magnetized in the presence of a magnetic field, the fluid HAVING a suspension of nanoparticles dispersed in a solvent, wherein the fluid comprises a viscosity from 1 to 50 cps and a surface tension of 20-45 dynes/cm, further wherein each nanoparticle is sized between 10-180 nm and comprises M(III)2O3, M(II)O and M(II)M(III)2O4, wherein M(III) is a trivalent metal and M(II) is a divalent metal, or Fe2O3, MnO and M(II)O, wherein M is a divalent metal selected from the group consisting of Fe, Ni, Mn, Co, Cu, Pt, Au, Ag, Ba and a rare earth metal.