What role did monetary and precious metal play in the Industrial Revolution?

During the Industrial Revolution, monetary and precious metals were used to state forms of wealth and for industrial production. Precious metals including gold, diamonds, and silver were all mined from the ground. During this time period, the more want for these metals provoked the creation of more mines to give the wealthy a status symbol. Other metals, such as copper and iron, were used in production. These metals were used to create machines, and were the materials of products put on markets.