- published: 14 Feb 2016
- views: 22920
A precious metal is a rare, naturally occurring metallic chemical element of high economic value. Chemically, the precious metals are less reactive than most elements. They are usually ductile and have a high lustre. Historically, precious metals were important as currency but are now regarded mainly as investment and industrial commodities. Gold, silver, platinum, and palladium each have an ISO 4217 currency code.
The best-known precious metals are the coinage metals gold and silver. While both have industrial uses, they are better known for their uses in art, jewellery and coinage. Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded.
The demand for precious metals is driven not only by their practical use but also by their role as investments and a store of value. Historically, precious metals have commanded much higher prices than common industrial metals.
A metal is deemed to be precious if it is rare. The discovery of new sources of ore or improvements in mining or refining processes may cause the value of a precious metal to diminish. The status of a "precious" metal can also be determined by high demand or market value. Precious metals in bulk form are known as bullion and are traded on commodity markets. Bullion metals may be cast into ingots or minted into coins. The defining attribute of bullion is that it is valued by its mass and purity rather than by a face value as money.
You said your life's a house of cards, and it teeters on the brink
On the edges of window ledges, until like a great ship down it sinks
Into the sea bed, with sunken gold
And words that we said back when
You used to think that your life was precious metals and rose petals
But now as you're growing up you're finding it's nail-biting and teeth-grinding
That crown you wore with the Rhinestones is now just thorns, needles and pinecones
And here's one last thing that you must learn too; what keeps you warm can also burn you
Time's sinister sundials make your days hard as city streets
You fall in traps, jet black in the hole that your self-pity eats
I'm playing cards real close to my chest so you can't see what I've got
One minute we're sub-zero and in the same breath piping hot because
When we are up, we're up and then when we are down, we're down
Cars crash in perfect fashion but they don't seem to make a sound and now
When I'm hanging with you it feels like I'm hanging myself
Now my phone's off the hook and I lay low, lie low, I go stealth
You used to think that your life was precious metals and Rose petals
But now as you're growing up you're finding it's nail-biting and teeth-grinding
That crown you wore with the Rhinestones is now just thorns, needles and pinecones
And here's one last thing that you must learn too; what keeps you warm can also burn you
You said your life's a house of cards, and it teeters on the brink
On the edges of window l-e-d-g-e-s,
Watch the clouds move up above, As we slowly start to fade