The most valuable of all precious metals is rhodium. This silver-colored metal is extremely rare and is commonly used for its reflecting properties. It has a very high capacity to tolerate corrosive objects without being affected and has a fairly high melting point. The biggest producers are Canada, Russia and South Africa.
The title of the most expensive precious metal in the world goes to Rhodium. Silver was considered the gold of the poor because it was a cheaper alternative. It is most used in industrial companies. This is because silver is easy to work with and is highly conductive.
Silver has less value because it is one of the most common metals in the world. Mexico, China and Peru are the world's leading producers of silver. Anyone considering purchasing precious metals, Gold American Eagles, Proof Gold American Eagles, certified gold coins, as well as gold and silver ingots, should carefully consider and evaluate the associated acquisition risks and costs before making the investment, and should always consult their financial and tax professional and carefully evaluate all risks associated with acquiring precious metals before making the investment. The decision to buy or sell precious metals with outside funds or within a gold IRA or a gold-backed IRA, and which precious metals to buy or sell, is the customer's sole decision, and purchases and sales must be made subject to research, prudence and judgment of the customer.