Precious Metal facts

While investigating facts about Precious Metals and Precious Metal Prices, I found out little known, but curios details like:

In the late 17th century, the pirate Henry Avery became the richest pirate in the world after raiding a treasure laden ship belonging to the Grand Ruler of India. He stole £600,000 in precious metals and jewels, equivalent to £89.6M today. The world’s first worldwide manhunt was called on him.

how to invest in precious metals?

A typical asteroid, like Eros, contains precious metals worth at least $20 trillion

What precious metals are used in electric cars?

In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what precious metals are magnetic. Here are 44 of the best facts about Precious Metals List and Precious Metals Etf I managed to collect.

what precious metal is in a catalytic converter?

Coins (originally made from precious metals) have ridges in order to prevent people from shaving down the edges to sell those shavings and use the devalued coins as their original value.
Kintsugiis the Japanese art of repairing broken pottery with precious metals. As a philosophy, it treats breakage and repair as part of the history of an object, rather than something to disguise.
The average human poops $13 in precious metals per year
Why coins have ridges on the sides... Criminals in the 1700s saw they could make a good profit by filing shavings from the sides of gold and silver coins. Today’s coins contain no precious metals but, you’ll still find those ridges to make them distinguishable for visually impaired people.
People have been making counterfeit money since the first coins were created, coating common metals with the precious metals used for currency. And counterfeiting is known as "the world's second oldest profession".
The term "rare earth" as in "rare Earth magnets" can be misleading as these metals are not particularly rare or precious. They are about as abundant as tin or lead.
The US once printed paper money in cent denominations. Known as 'fractional currency', it was introduced in 1862 because people were hoarding coins for their precious metals. Issued in denominations of 3, 5, 10, 15, 25, and 50 cents, they are still technically legal tender (spendable) today.
Coin clipping, the act of shaving off a small portion of a precious metal coin for melting the clippings into bullion or to make new coins. Coin clipping is why many coins have the rim marked with stripes or other engravings, a counterfeiting practice devised by Issac Newton.
Karat and carat measure two different things: a karat measures the purity of metals on a 1-24 scale, whereas a carat measures the weight of precious stones and pearls, one carat being 200 mg

precious metal facts — What precious metals are in computers?

Why precious metals are a good investment?

You can easily fact check why precious metals by examining the linked well-known sources.

The term penny-pincher comes from those who profitted off clipping the edges of British coins for precious metals, and then sending them back into circulation

Natural resources in Chile include copper, iron ore, precious metals, timber, and hydroelectricity.

Earth's original precious metals sunk into the core with iron, within which there are enough to cover the entire surface of the Earth with a four metre thick layer. What we find in the crust today was deposited during a catacylsmic meteor shower called the Terminal Bombardment - source

Most saxophones are made of brass but in some cases they are also made of precious metals such as sterling silver, copper, or bronze.

A-Mark, a precious metal company, is ranked 395 on Fortune 500 2017, but only employs 83 people - source

When to buy precious metals?

There is enough gold and other precious metals in biosolids (human waste) so as to be economic to extract.

How to buy precious metals?

In 1404, England pass a law prohibiting alchemists from using their knowledge to create precious metals.

We get the units of "carat" and "karat" for weighing gemstones and precious metals from the carob tree. Ancient people in the middle east would weigh the gemstones against the seeds of the tree, as it was believed the seeds did not vary much in weight.

Caciocavallo Podolico cheese pound for pound, is worth more than many precious metals and cannot be produced industrially.

Dennis Alexio, Jean Claude Van Damn's brother from the movie Kickboxer, was recently sentenced to 15 years of Federal Prison, for money laundering, tax fraud, and obtaining precious metals fraudulently.

In the 17th century, toothpicks were luxury objects similar to jewelry items. They were formed from precious metal and set with expensive stones. Frequently they were artistically stylized and enameled.

When to invest in precious metals?

The largest contractor to the U.S. Treasury is a 50-employee coin collectors' shop in Bridgewater, Massachusetts that also supplies half of all of the precious metals used by the US government.

Human waste contains enough precious metal that it would otherwise be considered "worth mining"

A touchstone is a dark stone used to identify precious metal alloys. Gold samples could be tested for purity by scraping the sample along the touchstone's surface.

In 2000 the oceanographers from India found the mythical city of dwarka. according to the mythical books dwarka consisted of about 70,000 palaces made of gold,silver and other precious metals. it is said that the city is about 9000 years old.

How to identify precious metals in electronics?

There's roughly 1.67 grams of platinum along with other precious metals per ton of roadside debris and dust from catalytic converters in vehicle exhaust systems.

There are different kinds of ounces. Ounces as we know them are called avoirdupois, where measurements used for precious metals are called Troy ounces.

After the leader of the expedition to find mountains of silver referenced in the legend of the "Sierra de la Plata," died, survivors brought back precious metals to make it seem like they found it. This inspired other expeditions, of which every one failed.

Ancient neutron stars hold gold. There are gold, platinum and other precious metals exist in cosmic things

An estimated £13 million of precious metal, like gold, is flushed away in cities every year - per million people. For a city like London, that's over $100 million dollars every year.

Hallmarks are used to standardize precious metals in certain European countries. By using a jewellers loupe or another magnifying device, you can lower your chance of buying fake European jewellery.

Human excrement contains precious rare metals like gold, platinum, and vanadium in large enough quantities to make mining bio-sludge commercially viable by traditional prospectors.

99.9% purity of very fine precious metals is informally described as three nines fine.

One ounce of a precious metal(S)/gemstone(s) weighs more than one ounce of anything else. These are measured using Troy weight and not Avoirdupois weight.

In Australia trees are drawing up gold from their root system and depositing the precious metal through its leaves.

There are precious metals, like gold and silver in smartphones and computers. Apple found $40 million in gold in used iPhones and computers last year.

Treasure must be at least 300 years old and contain 10% precious metals. Oh, and if you find it, you have to offer to sell it to a museum.

This is our collection of basic interesting facts about Precious Metal. The fact lists are intended for research in school, for college students or just to feed your brain with new realities. Possible use cases are in quizzes, differences, riddles, homework facts legend, cover facts, and many more. Whatever your case, learn the truth of the matter why is Precious Metal so important!