Precious metals are rare metallic chemical elements of high economic value, such as gold, silver, platinum and palladium. The term “PM” for “precious metals” has been cited in print since at least 1990, but became popular in financial blogs since about 2006.
Wikipedia: Precious metal
A precious metal is a rare, naturally occurring metallic chemical element of high economic value. Chemically, the precious metals are less reactive than most elements. 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 gold and silver. While both have industrial uses, they are better known for their uses in art, jewellery and coinage. Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded.
Tenth Edition. Volume 2
Materials Park, OH: ASM International
1990 (Google Books date might be incorrect—ed.)
PRECIOUS METALS (PM)— gold, silver, and the platinum-group metals (PGM) (platinum, palladium, rhodium, iridium, osmium, and ruthenium)—play a key role in the electric and electronic industries.
Google News Archive
25 September 1994, The News (Boca Raton, FL), “How to Read Mutual Funds,” pg. 3D, col. 5:
PM — Precious metals
Investment Scoring & Timing Newsletter
December 27, 06
Using a total of six different market indexes combined into one gauge, we measure the progress of the long term Precious Metals (PM) bull market against these various other markets.
Precious Metals Poll
Postby ccbwc » Mon Mar 12, 2007 1:01 am
I’m interested in Diehards’ intentions regarding precious metals ("PMs"):
David Icke’s Official Forums
13-01-2008, 07:12 PM
Here is a link to a thread on a Gold forum that talks about the best places to keep Gold Bullion safely.......(PM’s stands for Precious Metals)
PMs EXPLODING. Buy or wait it out?
04-27-2011, 08:03 PM
Yes PM’s EXPLODING and silver’s THE BOMB!
This just a metaphor, and PM stands for Precious Metals.
Precious Metals Bottoming: Bitcoin Drivers Morph Into PM Demand
By Sid Klein
Apr 15 2013, 07:41
There is never any shortage of long-term fundamental reasons to be bullish on the PMs, including the Bitcoin craze that will morph into PM demand. The fundamentals discussed following this Bitcoin section serve as the reasons why. As Bitcoins appeal mostly to non-institutional and non-major wealth investors, silver will be the principal beneficiary, I believe.
New York City • Banking/Finance/Insurance • Wednesday, July 03, 2013 • Permalink