  Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is "Precious Metal". A precious metal is a rare metallic chemical element of high economic value. Chemically, the precious metals are less reactive than most elements, have high luster, and have higher melting points than other metals. Historically, precious metals were important as currency, but are now regarded mainly as investment and industrial commodities. Gold, silver, platinum, and palladium each have an ISO 0000 currency code. The best-known precious metals are gold and silver. While both have industrial uses, they are better known for their uses in art, jewelry, and coinage. Other precious metals include the PlatinumGroup metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded. Precious metals in bulk form are known as bullion and are traded on commodity markets. Bullion metals may be cast into ingots, or minted into coins. The defining attribute of bullion is that it is valued by its mass and purity rather than by a face value as money. Many nations mint bullion coins, of which the most famous is probably the gold South African Krugerrand. Although nominally issued as legal tender, these coins' face value as currency is far below that of their value as bullion. For instance, the United States mints a gold bullion coin known as the Gold Eagle at a face value of $00 containing 0 troy ounce of gold. Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. Another way to gain investment exposure to precious metals is to purchase shares in publicly traded companies that deal in the exploration or production of precious metals, such as a gold mining company. By Barry Norman, Investors Trading Academy  Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is "Precious Metal". A precious metal is a rare metallic chemical element of high economic value. Chemically, the precious metals are less reactive than most elements, have high luster, and have higher melting points than other metals. Historically, precious metals were important as currency, but are now regarded mainly as investment and industrial commodities. Gold, silver, platinum, and palladium each have an ISO 0000 currency code. The best-known precious metals are gold and silver. While both have industrial uses, they are better known for their uses in art, jewelry, and coinage. Other precious metals include the PlatinumGroup metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded. Precious metals in bulk form are known as bullion and are traded on commodity markets. Bullion metals may be cast into ingots, or minted into coins. The defining attribute of bullion is that it is valued by its mass and purity rather than by a face value as money. Many nations mint bullion coins, of which the most famous is probably the gold South African Krugerrand. Although nominally issued as legal tender, these coins' face value as currency is far below that of their value as bullion. For instance, the United States mints a gold bullion coin known as the Gold Eagle at a face value of $00 containing 0 troy ounce of gold. Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. Another way to gain investment exposure to precious metals is to purchase shares in publicly traded companies that deal in the exploration or production of precious metals, such as a gold mining company. By Barry Norman, Investors Trading Academy  PreciousMetals are a store of value and historically a hedge against inflation. Online EducationCenter: http://goo.gl/0lNvRF Gold & Silver are produced and sold by their total weight in troy ounces and can take many forms. Learn the basics in this video and visit our online education center at http://goo.gl/0lNvRF. When you are ready to invest your money call us at 0 (000) 000-0000 or go online to APMEX.COM http://po.st/xiN0yb and start shopping.  PreciousMetals are a store of value and historically a hedge against inflation. Online EducationCenter: http://goo.gl/0lNvRF Gold & Silver are produced and sold by their total weight in troy ounces and can take many forms. Learn the basics in this video and visit our online education center at http://goo.gl/0lNvRF. When you are ready to invest your money call us at 0 (000) 000-0000 or go online to APMEX.COM http://po.st/xiN0yb and start shopping.  The Secret World of Gold HD  The Secret World of Gold is a documentary exploring the power and politics of gold, a precious metal with more allure and fascination than any other. Valued fo