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
Commodity status of animals which Torssonen calls "sellfare," are "producible and salable at various points in the commodity chain," subject to competition like any other commodity. Commodity status of animals The commodity status of animals refers to the legal status as property of most non-human animals, particularly farmed animals, working animals and animals in sport, and their use as objects of trade. In the United States, Free-roaming animals ("ferae naturae") are (broadly) held in trust by the state; only if captured can be claimed as personal property. Animals regarded as commodities may be bought, sold, given away, bequeathed, killed, and used as commodity producers: