All precious metals have high economic value, and for the longest time since the dawn of mankind, precious metals have functioned as currency, except in the modern era where they are mostly treated as high-value assets.

Silver and gold are obviously the best known precious metals, and for the most part, they are used in art, jewelry, and also manufacture of ostentatious products.

Today, we focus on the five most precious metals, and you’d be surprised that silver is outranked by lesser known metals!

#1. Gold.

gold ira

It is one of the most valuable precious metals, and it is used in both commercial applications and art. The price of gold once hit an all time high of $1900 per ounce. Industry watchers speculate that the price will climb as high as $10000 in the near future when the stock markets crash, causing most investors to turn to gold.

#2. Platinum.

platinum ira

Noted for its high resistance to corrosion, Platinum is a silver-white precious metal. Used in industries, electricity companies, hospitals, and art and jewelry, this heavy metal retails at over $1400 per ounce.  Platinum is considerably rare than most other precious metals. And most of the World’s platinum comes from South Africa, Russia, and Canada.

#3. Palladium.

palladium ira

The largest percentage of this metal is used in catalytic converters, and the remainder goes into electronics, medicine, hydrogen purification, chemical applications, groundwater treatment and jewelry. The most extensive deposits are in South Africa.

#4. Rhodium.

rhodium ira

Discovered in 1803 by William Hyde, Rhodium is a highly unreactive silver-white precious metal. It is commonly used in things like searchlights and mirrors for its reflective properties. The metal is found in large quantities in South Africa and Russia.

#5. Rhenium.

rhenium ira

Discovered in 1908, Rhenium was the second-last stable elements ever discovered. It was named after the river Rhine in Europe. The metal has the third-highest melting point and second-highest boiling point of any metal!

Conclusion

As time passes, the global economy is turning worse. Would you want to be caught unawares? Then quicken your resolve and invest in precious metals. Regal Assets is gonna guide you through the whole process. Plus they are offering lots of freebies (a Gold Investment Kit and an Anti-Scam Course) ALL FREE!

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