Precious Metal

A precious metal is a rare, naturally occurring metallic chemical element of high economic value. Chemically, the precious metals are less reactive than most elements. 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 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.

Read more about Precious Metal:  Bullion, Aluminium, Bismuth and Tellurium, Rough World Market Price ($/kg)

Other articles related to "precious metals, precious metal, metal":

Roman Imperial Currency - Authority To Mint Coins
... However, while the gold and silver issues contained precious metals, the value of a coin was slightly higher than its precious metal content, so they were not, strictly ... Estimates of the value of the denarius range from 1.6 to 2.85 times its metal content, thought to equal the purchasing power of 10 modern British Pound ... of these tetradrachmas can be reckoned as being equivalent in value to the denarius, their precious metal content was always much lower ...
Coins Of The United States - Current Coinage - Bullion Coins
... face value of these coins is legal as tender, but does not actually reflect the value of the precious metal contained therein ... On May 11, 2011, Utah became the first state to accept these coins as the value of the precious metal in common transactions ... The Utah State Treasurer assigns a numerical precious metal value to these coins each week based on the spot metal prices ...
Precious Metal - Rough World Market Price ($/kg)
... Valuable metal Price ($/kg) containing all precious metals names in bold metal mass abundance Price ($/kg) 2009-04-10 Price ($/kg) 2009-07-22 Price ($/kg) 2010-01-07 0 ... Platinum 5 ppb 42681 ...
Precious Metal Representative
... A Precious Metals Representative is a person who accompanies and or witnesses the processing, packaging, and or reclamation of a precious metal at a primary or secondary precious metal refiner, in order ...
Metallic Elements - Categories - Precious Metal
... A precious metal is a rare metallic chemical element of high economic value ... Chemically, the precious metals are less reactive than most elements, have high luster and high electrical conductivity ... Historically, precious metals were important as currency, but are now regarded mainly as investment and industrial commodities ...

Famous quotes containing the words metal and/or precious:

    And, indeed, is there not something holy about a great kitchen?... The scoured gleam of row upon row of metal vessels dangling from hooks or reposing on their shelves till needed with the air of so many chalices waiting for the celebration of the sacrament of food. And the range like an altar, yes, before which my mother bowed in perpetual homage, a fringe of sweat upon her upper lip and the fire glowing in her cheeks.
    Angela Carter (1940–1992)

    Words convey the mental treasures of one period to the generations that follow; and laden with this, their precious freight, they sail safely across gulfs of time in which empires have suffered shipwreck and the languages of common life have sunk into oblivion.
    —Anonymous. Quoted in Richard Chevenix Trench, On the Study of Words, lecture 1 (1858)