Väärismetall

Väärismetall is a Finnish term that translates to "precious metal." It refers to rare, naturally occurring metallic chemical elements that are valuable due to their rarity, high luster, and resistance to corrosion. The most commonly recognized precious metals are gold, silver, platinum, and palladium. Other platinum-group metals, such as rhodium, ruthenium, iridium, and osmium, are also considered precious metals due to their similar properties and scarcity.

The value of precious metals is influenced by several factors, including their industrial applications, their use as a store of value and investment, and their historical significance in jewelry and decorative arts. Gold, for example, is highly valued for its distinct color, malleability, and resistance to tarnish, making it a popular choice for coins, bullion, and jewelry. Silver, while less expensive than gold, shares many of gold's desirable properties and is used in a wide range of applications, from photography and electronics to tableware and jewelry.

Platinum and palladium are even rarer than gold and silver and are highly sought after for their catalytic properties, which are essential in automotive catalytic converters and other industrial processes. Their high melting points and resistance to corrosion also make them suitable for use in specialized laboratory equipment and electrical components. The demand for precious metals can fluctuate based on global economic conditions, geopolitical events, and technological advancements that impact their industrial uses. Investors often turn to precious metals as a hedge against inflation and economic uncertainty.