Six modules. Thirty-six articles.

Physical precious metals begin with something concrete: a measurable piece of gold, silver, platinum or palladium with a defined weight, purity and physical form.

By the end of the module, learners should be able to read a basic bullion specification and understand exactly what type of physical product it describes.

A physical precious-metals transaction does not end when a buyer and dealer agree on a price.

By the end of this module, learners should understand that a physical precious-metals trade is not merely a price exposure. It is a settlement process that must connect money, documentation and actual metal.

Buying physical precious metal answers only the first question: what was purchased? Ownership and custody answer the next questions: which metal belongs to the client, how is that ownership recorded, where is the metal held, and how can the holding be verified?

By the end of the module, learners should be able to distinguish between owning identified physical bullion and holding a general claim on metal, understand the records that support physical custody and recognize the controls used to reconcile documented holdings with actual metal inside a vault.

Owning physical precious metal creates choices beyond simply storing it or taking delivery. At some point, a holder may want to sell the metal back, submit third-party bullion for evaluation, determine the value of non-standard material, or use an existing holding as collateral without immediately selling it.

By the end of the module, learners should understand how physical metal moves back through a dealing desk, why verification affects settlement, and how bullion can potentially support liquidity while remaining a physical asset.

Physical precious metals are not used only by private holders. Gold, silver, platinum and palladium also move through commercial and industrial supply chains where the priorities can be very different.

By the end of the module, learners should understand how physical precious-metal operations change when metal becomes an ongoing commercial input and should be able to answer the principal practical questions surrounding physical ownership and dealing.