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Welcome To The World Of Precious Metals

A precious metal is a rare, naturally occurring metallic chemical element of high economic value, which is not radioactive (excluding natural polonium, radium, actinium and protactinium).[citation needed] Chemically, the precious metals are less reactive than most elements, have high lustre, are softer or more ductile, and have higher melting points than other metals. 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 the coinage metals gold and silver. While 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. In November 2010, gold reached a price of over $1400.00/troy ounce and silver was about $25.00/troy ounce, compared to copper at $0.11/troy ounce and nickel at $0.36/troy ounce.

Learn about the precious metals


Gold has been coveted since prehistoric times. Gold furnishings were specified for the Jewish Temple, noted in the New Testament as well as in numerous ancient Greek works. Used primarily as decoration for thousands of years...

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Silver is the most abundant of all the precious metals. Ancient populations used it for currency, ornaments, silverware and jewelry. In its purest state, silver can be as soft as gold. For this reason, the metal is generally...

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Platinum is pure: an expression of integrity, a reflection of inner truth. Platinum's purity endows it with a brilliant white luster. Platinum is regarded as the pre-eminent metal for fine jewelry. The white luster of platinum...

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