Gold, silver, and platinum have been called "precious metals" because they are metals and were used to make coins (money) in the days when money had to be made of something that was considered to be valuable in themselves. Thus, as coins they were valuable or precious
And palladium, iridium, rhodium, platinum, ruthenium, rhenium osmium
Platinum is heavier than other precious metals like gold and silver. It has a density that is about 21 times greater than water, making it one of the densest precious metals.
Gold, silver, and platinum are considered precious metals due to their rarity, high economic value, and various industrial uses.
Platinum is a silvery-white color and differs from other precious metals like gold and silver because it is denser, more durable, and more resistant to corrosion.
Other precious metals include silver, platinum, and palladium. These metals are also highly valued for their rarity, beauty, and various industrial applications. Investors often diversify their portfolios with these precious metals to hedge against economic uncertainties.
gold, silver, platinum
And palladium, iridium, rhodium, platinum, ruthenium, rhenium osmium
Gold, silver, and platinum.
Platinum is heavier than other precious metals like gold and silver. It has a density that is about 21 times greater than water, making it one of the densest precious metals.
Gold, silver, and platinum are considered precious metals due to their rarity, high economic value, and various industrial uses.
Gold and Silver are the best known precious metals. Others are ruthenium, rhodium, palladium, osmium, iridium, and platinum. A metal is considered precious if it is rare.
Kitco tracks a variety of precious metals, including gold, silver, and bronze. Other metals tracked by Kitco include cadmium, palladium, and platinum.
Platinum is a silvery-white color and differs from other precious metals like gold and silver because it is denser, more durable, and more resistant to corrosion.
Other precious metals include silver, platinum, and palladium. These metals are also highly valued for their rarity, beauty, and various industrial applications. Investors often diversify their portfolios with these precious metals to hedge against economic uncertainties.
The opposite of precious metal is base metal. Base metals are more common and less valuable than precious metals such as gold, silver, and platinum. Examples of base metals include copper, lead, and zinc.
These metals (especially platinum and gold) are less chemically reactive.
Generally when we speak of precious metals we think of Platinum, Gold, and Silver. In a broader sense, however, the "precious metals" currently traded on the Precious Metals Exchanges includes not only those 3 metals but also palladium, iridium, rhodium, osmium, and ruthenium. Historically Aluminum was once considered a precious metal because of the difficulty of refining it to its pure form. Modern refining methods have caused a precipitous drop in its price since the 1800s to where it is now one of the cheapest metals.