Minerals are naturally occurring, inorganic substances formed through a geological process. Some are even formed extraterrestrially!
There are over 3,800 minerals known to man. More are discovered each year even as others are discredited.
Are you looking for ways to make more money? There’s lots of money in common minerals.
Read on for a list of the most expensive mineral substances.
Making Money in Minerals
Many Americans are making money through mineral rights ownership. But what is it? It’s owning land where minerals are mined.
The U.S. infrastructure depends on mined minerals. Many things we use on a daily basis come from minerals.
Copper is the number one mined mineral in the United States. There’s copper in construction, medical equipment, tubes, and wires.
But where’s the big money in minerals? It’s in these!
Rhodium
Rhodium’s value is about $56 per gram. That’s almost $1,500 an ounce! Rhodium is a silver metal noted for its corrosion resistance.
It’s used in glass, sterling silver jewelry, and catalytic converters. It’s mined in Russia and South Africa.
Painite
Discovered by and named after British gem dealer Arthur C.D. Pain, painite is $60,000 dollars per carat! It’s one of the rarest minerals and it wasn’t discovered until 1950.
It’s never been found anywhere except Myanmar.
Black Opals
Black opals are the national gemstone of Australia since most of them come from down under. These opals are the rarest in the opal family. The body is dark with beautiful fiery colors.
Black Opals sell for about $15,000 per carat.
Diamond
Most people are familiar with diamonds since they’re the most popular mineral in the jewelry store. They’re known for their range of colors and the way they sparkle in the light.
Diamonds are one of the most popular gems used in engagement rings thanks to the genius marketing campaign from De Beers Jewelers.
Diamonds sell for up to $10,000 per carat, depending on the type of diamond.
Gold
Gold is another well-known and popular mineral. Investors tout it as one of the safest investments you can have.
Gold doesn’t tarnish and it conducts electricity. It’s used in jewelry, electronics, and medicine.
Gold prices fluctuate, but it’s about $1,300 per ounce.
Platinum
Platinum is a metal that looks like silver and has many industrial applications. It’s one of the heaviest and strongest metals.
It’s great for jewelry due to its durability. A platinum ring won’t wear thin over time like gold and silver.
Platinum sells for about $900 per ounce.
The Most Expensive Mineral Substances
The most expensive mineral is rhodium. But it’s doubtful you’ll buy mining rights to a rhodium mine any time soon since most rhodium comes from South Africa.
Most people making money from minerals in the U.S. were lucky enough to own land in the right spot. Big oil companies pay royalties to landowners for extracting minerals from their property, but many people make a living buying and selling gold, diamonds, and other gems and minerals.
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