What are the best precious metals?
The best known precious metals are the coinage metals, which are gold and silver. Although both have industrial uses, they are better known for their uses in art, jewelry, 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.
What is the currency code for precious metals?
Historically, precious metals were important as currency but are now regarded mainly as investment and industrial raw materials. Gold, silver, platinum, and palladium each have an ISO 4217 currency code. The best known precious metals are the coinage metals, which are gold and silver.
What are the best ways to invest in precious metals?
Exchange-traded funds exist for all three precious metals. ETFs are a convenient and liquid means of purchasing and selling gold, silver, or platinum. Investing in ETFs, though, doesn’t give you access to the physical commodity, so you don’t have a claim on the metal in the fund. You will not get the actual delivery of a gold bar or silver coin.
Where can I find live prices for precious metals?
Most major precious metals dealers, including Money Metals Exchange, publish live prices. Just look to the top of this page! So do financial news sites such as CNNMoney, Marketwatch and Bloomberg.
What are the 4 primary precious metals?
The 4 primary precious metals are gold, silver, platinum and palladium. Palladium is similar to platinum in its properties. Like platinum, this element can absorb an enormous quantity of hydrogen.
Why is platinum the most precious metal?
Platinum is a dense, malleable metal with exceptional corrosion resistance. It is nearly 15 times rarer than gold yet widely used. This combination of rarity and functionality might make platinum the most precious of the precious metals. Uses: Catalysts, jewelry, weaponry, dentistry