Precious metals are different metals that people like to invest in, such as gold, silver, and platinum. These can also be added to your gold IRA or precious metals IRA. A type of self-directed IRA that allows you to choose which products that you want to invest in. People choose these types of IRAs so that they have more control over their investment portfolios.
You can do some research to find precious metals companies to help you choose the right metals to invest in. You can also check out sites similar to 7K Metals Reviews that will do reviews of the companies that you are thinking about. These types of reviews will help you weed out the fraudulent or less truthful companies and help you to choose the right ones.
There are many places that you can go to in order to get the precious metals that you desire. You do have to do careful research to make sure that the companies are legitimate. Make sure that you check out all the reviews, check out the Better Business Bureau, and your state’s attorney general’s office. These resources will help you to make the best decision for you and where you buy your precious metals.
Precious Metals
Listed below are some of the more rare precious metals that are also ones that may people like to invest in. Some you may have heard of before, while others are even more rare. These are all metals that you can add to your investment portfolio.
1. Indium
Indium is one of the most abundant metals that is on the list and is a chemical element. This metal is used for things such as superconductors and lasers. Because it emits very little light and can control electricity very well it makes a good metal for most electronics. You can buy indium for around one to five dollars per gram. It is mined all over the world, but one of the biggest mines is in Australia.
2. Scandium
This is another chemical element, and it has no stable isotopes; it is obtained through nuclear fission and fusion processes. This precious metal, Scandium, is used for many things including the aerospace and automotive industries and is also used in the production of cell phones and smart phones. This precious metal is found all over the world, but especially in Norway, Russia, China, the United States, and Canada.
Scandium is not naturally found in nature; you get it by bombarding a target with radioactive material with neutrons. This makes the metal a little more difficult to obtain, but it is still obtainable. Scandium is a little more expensive and can be bought for around two hundred seventy dollars per gram.
3. Silver
Almost everyone has heard of silver, it has been mined for over six thousand years. It was first used to make eating utensils and jewelry. Silver is still used for jewelry today, as well as electronics and other industrial uses. It is mined from all over the world, especially the United States, China, Peru, and the Czech Republic. Silver is one of the metals that is most sought after and is a great investment because you can buy it for around eighty cents per gram.
4. Rhenium
This is one of the more rare metals in the world and is found as a black powder. It has the highest melting point of all the metals. Because of this, it is used for catalytic converters and other parts of the automotive industry. It is mined in Africa and China, and in Iowa in the United States, making it more difficult to obtain and it sells for around a dollar per gram.
5. Osmium
This is another rare metal that is mined in Turkey and China and is usually found in platinum ore. It is difficult to extract from the platinum ore. It is mostly used as a catalyst in the chemical industry, but is also used for fountain pen tips, electrical contacts, and pivots for instruments. You can buy this precious metal for around thirteen dollars per gram.
6. Iridium
Iridium is one of the most expensive metals in the world because it has become more difficult to obtain in recent years. It is usually mined in Russia, who produces more than fifty percent of this rare metal. It is often used for the aerospace and automotive industries but is also used for satellites and nuclear reactors. You can buy iridium for around two hundred dollars for a gram.
7. Ruthenium
This precious metal is usually found in South Africa but is also mined in China and Russia. This is a hard to find metal that is hard yet malleable and oxidizes slowly when it is exposed to air. This metal is used mostly for solar cells but also has uses in the world of jewelry. It is also used as a hardener for platinum and palladium, allowing these metals to be used in the electricity industry. This precious metal usually sells for around eight dollars for a gram.
8. Gold
Everyone in the world has heard of gold because it has been around since the beginning of human population. It has been used for jewelry and a form of money for most of these years. It is also used in electronics and has other industrial uses. Most of the gold in circulation today comes from South Africa, with about eighty percent of the world’s gold coming from here. You can buy gold for about sixty dollars per gram.
9. Palladium
This precious metal is an alloy that has many uses including jewelry, coins, catalysts, chemical regents, and electronics. It is mined all over the world but especially in Russia, North America, South Africa, Brazil, and Australia. It is extracted from the earth by a process that is called hydrometallurgy, (see here: https://www.sciencedirect.com/journal/hydrometallurgy) which means that it uses a water and salt to extract the metal from the ore. You can buy palladium for around eighty dollars per gram.
10. Rhodium
Rhodium is found in the mineral called rhodochrosite and is found in North America, South Africa, Australia, and Russia. It is used for many industrial uses but is mostly used as a reagent for helping compounds like ethylene glycol. It is also used for catalytic converters, electronics, jewelry, and dentistry. Rhodium usually is sold for around five hundred dollars per gram. These are just a few of the most expensive precious metals in the world. Some of these precious metals are more rare than other metals. All these metals have many uses in our world today. You can buy these metals from a variety of places, but make sure that you do your research and find a reputable business.
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