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.