The DOD Precious Metals Recovery Program
Precious metals are not just gold, silver, platinum, but also platinum family metals such as palladium, rhodium, iridium, osmium, and ruthenium. These metals are similar chemically and share certain physical properties; the critical similarity for high technology applications being a resistance to corrosion. Unlike most other metals valued in cents per pound, precious metals are valued in dollars per troy ounce for silver and hundreds of dollars per troy ounce for gold, platinum, and palladium.
Recovering precious metals save money; working on behalf of the Department of Defense, DLA Disposition Services has saved the government $267 million over the last 33 years through precous metal recovery.