Precious metals – and gold in particular – are the perennial go-to sources of protection against inflation and economic downturns. While holding physical gold may help traditionalists sleep better at night, the highest value is found in the mine itself. Gold is one of the most well-known and widely recognised ports in an economic storm, but there are other precious metals that are similarly mined, valued and traded, yet are different enough to provide diversification in a portfolio. Similar to gold, precious metals are recognised as a store of value and have the benefit of being classed as industrial metals. Used in electrical products, batteries, superconductor applications and medical products, these commodities are in high demand.