Precious metal: meaning, definitions and examples

Used when referring to metals that are highly valued and traditionally considered luxurious or important, like gold, silver, and platinum.

• Gold is a precious metal often used in jewelry.
• Investors frequently buy precious metals as a hedge against inflation.

Used when highlighting the scarcity or limited availability of a metal. Rare metals are often critical for advanced technologies and industries.

• Rare metals like tantalum are essential for the production of electronics.
• The demand for rare metals has increased due to advancements in renewable energy technology.

Used in a more general sense to describe any metal that has high economic value, which can include both precious and rare metals.

• Copper is a valuable metal used in electrical wiring and plumbing.
• Investing in valuable metals can diversify your portfolio.

Again, this term emphasizes rarity and value. This repeat indicates no change in context or examples.

• Gold is one of the most well-known precious metals, often used in jewelry and investments.
• Investors often buy precious metals as a safeguard against inflation.

Use this term when referring to the purity and high quality of metal, often in contexts relating to crafting, such as jewelry making or coin production.

• The coin was minted from fine metal, ensuring its purity and quality.
• Jewelry produced from fine metal tends to be more durable and valuable.

This term is ideal when talking about metals used in high-end products and luxury goods, emphasizing their association with wealth and opulence.

• Platinum is considered a luxury metal, often found in designer watches and high-end cars.
• The luxury metal finish on the new smartphone makes it stand out in the market.