Base and Precious Metals

Base metals include commonly used metals such as copper, zinc, nickel, tin and lead. These are the types of metals used in everyday life around your home, such as electrical wiring, plumbing, etc. They are relatively abundant and are worth much less than precious metals.

Precious metals include rare and expensive metals like gold, silver and platinum. You’re more likely to find these metals in a jewelry store, but also in catalytic converters, space vehicles, computers, and medical and hi-tech equipment. They are quite rare and are worth much more than base metals.