A group of metals that are expensively priced relative to other metals, such as base metals. Precious metals include gold, silver, platinum, and palladium. Gold is especially valued, because its value is resistant to political turmoil and falling currency values.
Webster's New World Finance
Precious-metals Sentence Examples
By 1882 they had produced $60,000,000 of precious metals.
Mining for the precious metals ceased at a very early date, after rich discoveries were made on the continent.
It is worthy of observation, that Brazil was the first colony founded in America upon an agricultural principle, for until then the precious metals were the exclusive attraction.
He saw that the amount of money in circulation did not constitute the wealth of the community, and that the prohibition of the export of the precious metals was rendered inoperative by the necessities of trade.
They used these precious metals in decorations and as ornaments, but apparently attached no great value to them.