Gollum/Smeagol refers to the One Ring as "My Precious."
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My precious is the name Gollum has given to the one ring. Bilbo found it and took it away from the caves under the mountain.
He is not talking to himself, he is referring to the ring which is "my precious".
he calls the ring; "the precious"
The primary similarity is a love for precious metals and objects along with a deep seated greed.
Gollum did not call himself precious. Precious referred to his ring, his precioussssss. In The Hobbit book, his nickname is Gollum because he makes "horrible swallowing noise in his throat, though he is always called himself 'my precious'." The movies do not exactly follow Tolkien's version.
Bilbo, Thorin, Smaug, Gandalf, Precious, the dwarves