Highly durable but rare metallic elements come under the category of precious metals. Silver, gold, platinum, palladium etc are examples of precious metals. The status of precious metals can vary and they may not stay precious metals forever. The rarity and the uniqueness of such metals have conferred them the status. Discovery of easy means of separation of such metals make them common metals. South Africa and Soviet Union are considered to be the largest producers of precious metals. Precious metals have long term value and are traded just like stocks. Online investment stores are there through which precious metals can be purchased and invested.