What is claimed is: 1. A method of producing metal particles comprising: generating aerosol droplets of a solution in an inert carrier gas; and heating the aerosol droplets with a heater to form metal particles, wherein the solution comprises a metal precursor, water and a co-solvent acting as a reducing agent. 2. The method of claim 1, wherein the metal precursor comprises any one of the group consisting of Fe, Co, Ni, Cu, Zn, Pd, Ag and Au. 3. The method of claim 1, wherein the metal precursor comprises Cu or Ni. 4. The method of claim 1, wherein the co-solvent reducing agent is an organic compound having 1 to 5 carbon atoms. 5. The method of claim 1, wherein the co-solvent is an alcohol. 6. The method of claim 5, wherein the alcohol is present in an amount of about 1% to about 50% by volume of the solution. 7. The method of claim 1, wherein the co-solvent is methanol or ethanol. 8. The method of claim 1, wherein the metal precursor is present in an amount of about 0.001 mol/liter to about 95% of the saturation limit of the metal precursor in the solution. 9. The method of claim 1, wherein the metal particles are pure metal nanoparticles. 10. The method of claim 1, wherein the metal particles have a diameter within the range of about 50 nm to about 200 nm. 11. The method of claim 1, wherein the water is deionized water. 12. The method of claim 1, wherein the inert carrier gas comprises nitrogen gas. 13. The method of claim 1, further comprising passing the heated aerosol through a bipolar charger to obtain metal particles with a Boltzmann charge distribution. 14. The method of claim 13, further comprising passing the heated aerosol through a differential mobility analyzer. 15. The method of claim 14, further comprising passing the metal particles to an electrostatic precipitator for particle deposition. 16. The method of claim 1, wherein said step of generating aerosol droplets of a solution further comprises flowing the solution into an atomizer at a flow rate of 20 mL/hr, flowing the inert carrier gas into the atomizer at flow rate of 5 L/min, and atomizing the solution and the inert carrier gas with the atomizer. 17. The method of claim 1, wherein said step of heating comprises passing the aerosol through a two-zone furnace thereby forming metal particles by solvent evaporation and precursor decomposition. 18. The method of claim 1, wherein said step of heating is conducted at a temperature within the range from about 300.degree. C. to about 1600.degree. C. 19. The method of claim 1, wherein said step of heating is conducted at a temperature within the range from about 450.degree. C. to about 800.degree. C. 20. The method of claim 1, further comprising drying the aerosol droplets prior to heating. 21. The method of claim 20, wherein said step of drying comprises passing the aerosol droplets through a screen having a desiccant deposited thereon. 22. A product coated with metal particles, wherein the metal particles are produced by the method of claim 1. 23. The method of claim 1, wherein the co-solvent acts as a reducing agent during said heating.