In recent years, the lure of gold has once again taken the spotlight among investors trying to shore up their unsteady portfolios. But there are many other investment havens among other precious metals that have similar advantages to gold investments. Click here to read more about us.
There’s good reason why precious metals belong in the category called “precious.” Here are the world’s ten most precious metals, in descending order according to their value on the present market.
Top Ten Most Valuable Precious Metals
1. Rhodium – This silver-hued metal is sought after for his reflective properties. It is used in the production of mirrors, jewelry, and many other items that require a high-sheen reflection. Exotic, yet vital to certain industries, rhodium is 100 times more rare than gold. It belongs to the precious metals designation group known as PGMs, or platinum group metals.
2. Platinum – Another member of the costly PGM group, platinum is used in such fields as aeronautics and dentistry. It is lustrous, beautiful, non-corrosive, dazzling, and extraordinarily rare.
3. Gold – Malleable and warmly irresistible, gold has been the object of desire for humans over many millennia. The fascination for this gleaming yellow metal has created and destroyed dreams, people, relationships, and even countries. It is still the most popular investment of all the precious metals.
4. Ruthenium – Discovered as recently as the mid-1800s, ruthenium is another member of the platinum group metals. Its color is bright grey, and it is prized for its hardness and extreme rarity. Ruthenium is employed mainly as a hardening agent in allos, along with the making of electrical contacts and for other specialist purposes.
5. Iridium – This magnificent precious metal, one of the platinum grouping, is renowned for its extreme density and unusually high resistance to corrosion. Though very rare, it is used in industries such as electronics, medicine, jewelry, watches, and automobiles.
6. Osmium – This silver-colored precious metal has a blue tinge to its cast. Osmium and iridium were both discovered by the same person, Smithson Tennant, in 1803. The two are the heaviest elements on the planet. Osmium is hard and brittle, with a melting point that is so high as to be somewhat unweildy. It is also toxic.
7. Palladium – A stunning grey-white precious metal, palladium must be separated from the platinum ore that encases, in order to be of use. Palladium is widely employed in alloys for the creation of “white gold” jewelry.
8. Rhenium – One of the earth’s densest metals, rhenium is unfazed by extreme high temperatures. It is used for such products as thermocouples and filaments.
9. Silver – Second only to gold in precious metals popularity, silver is not just beloved for its splendid good looks, but also for its conductivity properties, which are number one of all metals. Silver also possesses the least contact resistance of all metals, which, combined with its high thermal conductivity, makes it a natural for industries like coinage, dentistry, circuitry, jewelry, and batteries.
10. Indium – This rare and precious metal makes a high-pitched screech called a “cry,” when it is bent. It has a blue cast and is the result of processing ores such as lead, zinc, copper, and iron.
Investments in gold and silver, as well as other precious metals, are gradually overtaking a larger and larger percentage of financial investment portfolios. Gold, silver, and platinum, however, remain the leaders of the pack. Precious metals speculators should compare other factors than cost, such as applicable taxes in their area and storage fees.
Trustable Gold: http://www.trustablegold.com/precious-metals/
Wealth Daily: http://www.wealthdaily.com/articles/rhodium-investing/2507