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precious metal
This term refers to a specific category of elements valued for their rarity and chemical stability. While gold and silver are the most common examples, the term also encompasses platinum, palladium, and rhodium. It is used primarily in economic, geological, and jewelry contexts to distinguish these high-value materials from base metals like iron or copper.
In a financial context, precious metals are often viewed as "safe-haven assets," meaning investors buy them to protect wealth during periods of economic instability. The term carries a connotation of permanence and luxury, as these metals do not tarnish or corrode easily over time.
Meanings
Examples
Gold is the most well known precious metal in the world.
Investors often buy a precious metal as a hedge against inflation.
The ancient crown was crafted from a rare precious metal.
Do you think this precious metal is actually pure platinum?
The dragon guarded a massive hoard of every precious metal imaginable.
Many electronics rely on a specific precious metal for high conductivity.
Many electronics rely on a specific precious metal for high conductivity.
I wonder if the price of this precious metal will drop next month.
The museum exhibit showcases the use of precious metal in early coinage.