Peanuts are rich in fat, protein, Vitamin E, folate, and other essential healthy nutrients that provide medicinal benefits to the body. Peanuts have been studied to help treat many health problems such weight loss, skin problems, hair problems, memory loss, diabetes, cancers, and much more. Peanuts are usually consumed dry roasted, boiled, salted, and rarely raw. They are also called varieties of names such as groundnut, monkey nut, earthnut, goober peas or pignut.