Precious metals are metals such as: gold, silver, and platinum, and have consistenly be deemed a stable store of value and are commonly used during economic uncertainty.

Characteristic of precious metals:

1. Store of Value: Precious metals, especially gold, are viewed as "safe-haven" assets. During economic instability, many investors turn to gold to preserve their wealth as gold often maintain or increase in value when other assets depreciate.
2. Diverse Application: Precious metals holds intrinsic value (they have their own value) due to the fact that they can be used in many industries. Gold can be used in jewelry and banks reserves while silver can be used for electronics and solar energy. Each metals has their own use.
3. Limited supplies: Precious metals are finite resources, which allows their value to appreciate overtime. Unlike printed money, precious metals cannot be artificially created, leading to long-term appreciation potential.

To conclude, precious metals are ideal for long-term holdings due to its protection against inflation and the fact that it is a finite resource.

Prices of gold throughout the years (per ounce):