Palladium is majorly used in converting toxic gases like nitrogen dioxide and others into substances of lesser harm. Palladium is a congener with platinum – meaning the two metals share a common structure, origin, or function. However, it is also popular as an alloy – for example, the alloy of platinum and cobalt is used to make magnets. Platinum, in its pure form, is used in jewellery and dental work. Silver is also dear in Indian households as utensils or articles for worship, apart from jewellery. Silver has a range of applications, including in batteries, dentistry, and water purification. Even today, gold is the most preferred asset of choice for many investors during market uncertainty. Gold has been used in the production of expensive goods for millennia. These all have a range of applications, not just as a historical store of money or for their use in jewellery but also in industry, electronics, medicines, and alloys. Generally, four primary precious metals are commonly invested: Gold, Silver, Platinum, and Palladium. What are the different precious metals to invest in? Copper is also a popular sculpture material, with icons including the Statue of Liberty getting its green hue from oxidised copper.
These metals are used to make products such as copper pipes or alloys such as nichrome, an alloy of nickel and chromium. This includes copper, lead, nickel, and zinc. What are base metals?īase metals are common metals that naturally oxidise, rust or tarnish. Precious metals are often considered safe havens, especially during market uncertainty. It would surprise many that metals like gold are used in devices, including iPhones and computer hardware. Precious metals have been used for currency and jewellery throughout human history. The main precious metals are gold, silver, palladium, and platinum – all used in jewellery and have various applications. They do not usually oxidise or corrode and are naturally anti-tarnish. Precious metals are rare, organically occurring metallic elementals with inherent value. There are several kinds of metals that investors can invest in, usually categorised as ‘precious’ or ‘base.’ What are precious metals?
Disadvantages of investing in precious metals.Benefits of investing in precious metals.What affects the price of precious metals?.What are the different precious metals to invest in?.What are the different types of metals?.