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Glossary of Terms

Precious metal

Rare metallic element of high economic value and often used in jewelry and ornaments, and also used as a commodity. Gold, silver, and platinum are the main precious metals, and other lesser known ones are iridium, osmium, palladium, rhodium, and ruthenium. Precious metals are distinguished from industrial metals such as copper, iron, and nickel.

Gold is a Precious Metal



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