Precious metal Precious metal A precious metal is a rare, naturally occurring metallic chemical element of high economic value. Chemically, the precious metals tend to be less reactive than most elements (see noble metal). They are usually ductile and have a high lustre. Historically, precious metals were important as currency but are now regarded mainly as investment and industrial commodities. Gold, silver, platinum, and palladium each have an ISO 4217 currency code. The best known precious metals are the coinage metals, which are gold and silver. Although both have industrial uses, they are better known for their uses in art, jewelry, and
Aurum, Nevada - a local man named Simon Davis. Eventually, the mining activities in the area shut down permanently. The post office closed for the last time on May 31, 1938, and the area has been uninhabited since. Aurum, Nevada Aurum is a ghost town in White Pine County, Nevada, United States. Originally known as "Silver Canyon", after the nearby geographical feature, Aurum was founded as a mining community in 1878. When a post office opened on April 4, 1881, the community received its present name, Aurum. Aurum had two neighborhoods, defined by differing elevation. In the higher sections of the community,