Generally speaking, equity is the value of an asset less the amount of all liabilities on that asset. It can be represented with the accounting equation: Assets -Liabilities = Equity. BREAKING DOWN 'Equity ' Equity can have somewhat different meanings, depending on the context and the type of asset.
precious metal. 1. a metal of the gold, silver, or platinum group. And yet here you are, looking at a glass of amber liquid that is worth its weight in a precious metal. One Percent Shots! It is a relic of the age of gold, when this precious metal was used in a thousand forms, not seen to-day.
Rarity alone isnât enough to qualify a metal as precious. It must also be naturally occurring, lustrous and ductile, possess a high melting point and low reactivity and, most important to anyone wishing to wear jewelry made from the metal, it must not be radioactive. Natural, radioactive metals like polonium and radium need not apply. Gold, silver and platinum are undoubtedly the most well known precious metals, but they fall short of being the most expensive precious metals in the world. As of this writing, platinum (around US $1,500/ounce) and gold (around US $1,200 per ounce) take second and third place, respectively. Silver, in the low double digits, doesnât even rate. The worldâs first pure rhodium bullion coin, created by the Cohen Mint. The real money is in rhodium. A member of the platinum group of metals which, unsurprisingly, includes platinum, rhodium is most commonly found mixed with other platinum group metals.