What are Precious Metals?
Relatively scarce, highly corrosion resistant, valuable metals found in periods 5 and 6 (groups VIII and Ib) of the periodic table. They include ruthenium, rhodium, palladium, silver, asmium, iridium, platinum, and gold. Usually they are used for technological applications like electronics, medical devices, etc. The most common are used for jewelry like silver, gold and platinum. Due to their scarcity, they tend to be good long term investments.