Question

Why are some metals precious?​

Answer 1

Precious metals include valuable commodity materials including gold, silver, and platinum. Gold and silver have long been recognized as valuable metals, and have been coveted since ancient times. Modern investors seek an allocation to precious metals as a portfolio diversifier and hedge against inflation

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Answer 2

Answer:Precious metals is a term for the 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 as investment vehicles. The most popular precious metals with investors are gold, platinum and silver, and precious metals used in industrial processes include iridium, which is used in specialty alloys, and palladium, which is used in electronics and chemical applications.