Precious Metals


DEFINITION of 'Precious Metals'

A classification of metals that are considered to be rare and/or have a high economic value. The higher relative values of these metals are driven by various factors including their rarity, uses in industrial processes and use as an investment commodity.

Precious metals include, but are not limited to: gold, silver, platinum, iridium, rhodium and palladium.

BREAKING DOWN 'Precious Metals'

Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. Another way to gain investment exposure to precious metals is to purchase shares in publicly traded companies that deal in the exploration or production of precious metals, such as a gold mining company.

  1. Base Metals

    Metals that oxidize, tarnish or corrode relatively easily when ...
  2. Iridium

    One of the transition metals on the periodic table. Iridium appears ...
  3. Palladium

    A metal used in many types of manufacturing processes and is ...
  4. Ingot

    A material that has been cast into a shape in order to be transported ...
  5. Futures Contract

    A contractual agreement, generally made on the trading floor ...
  6. Fool's Gold

    Also known as iron pyrite, fool's gold is a gold-colored mineral ...
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