LeoGlossary: Precious Metals

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Metals that are rare and can have high economic value due to various factors such as scarcity or industrial use.

They also are believed to be a hedge against inflation along with being a store of value.

The most common precious metals in terms of investment:

  • Platinum
  • Gold
  • Silver

One of the big factors is they are corrosion resistant.

Other precious metals are:

  • Palladium
  • Ruthenium
  • Rhodium
  • Iridium
  • Osmium

They are under the category of commodities.

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