00  Scrap Metal Tips - More Valuable Scrap Metals  In this video I give some examples of metals you should separate from cheaper metals like iron and steel. This will help you when you havea pile of scrap metal to get the most for your money.  What is a Precious Metal?  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, ir