A permanent magnet, such as a bar magnet, owes its magnetism to the intrinsic magnetic dipole moment of the electron. The two ends of a bar magnet are referred to as poles (not to be confused with monopoles, see Classification below) and may be labeled "north" and "south". In terms of the Earth's magnetic field, they are respectively "north-seeking" and "south-seeking" poles: if the magnet were freely suspended in the Earth's magnetic field, the north-seeking pole would point towards the north and the south-seeking pole would point towards the south. The dipole moment of the bar magnet points from its magnetic south to its magnetic north pole. In a magnetic compass, the north pole of a bar magnet points north. However, that means that Earth's geomagnetic north pole is the south pole (south-seeking pole) of its dipole moment and vice versa.