Alternative Investor
Pie chart, made of different metals - gold, silver, bronze, copper, lead

Precious metals

A precious metal is a rare, naturally occurring metallic chemical element of high economic value.

Chemically, the precious metals tend to be less reactive than most elements (see noble metal). They are usually ductile and have a high lustre.

Historically, precious metals were important as currency but are now regarded mainly as investment and industrial commodities.

Gold, silver, platinum, and palladium each have an ISO 4217 currency code. The best-known precious metals are coinage metals, gold and silver.

Although both have industrial uses, they are better known for their uses in art, jewellery and coinage.

Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded. The demand for precious metals is driven not only by their practical use but also by their role as investments and a store of value. Historically, precious metals have commanded much higher prices than common industrial metals.

Nathan Tarrant

Nathan has worked in financial services, marketing, and strategic business growth for over 30 years, as well as working in internet marketing since 1998. He was the founder and COO of a Queens award-winning financial services company based in the UK.

He operated as a financial & investment advisor to delegates of the UN, World Health Organization, and senior managers of Fortune 500 companies in Geneva Switzerland, after the 2008 financial crash.

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