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Perfect for Your Home or Office to Attract Good Luck to You and Your Surroundings with This Brass Statue! Elephant. Elephants are Symbols of Good Luck as Well as Symbolizing a Good Memory and Wisdom. In Buddhism, the Precious Elephant is a Symbol of the Strength of the Mind. Displaying Noble Gentleness, the Precious Elephant Serves as a Symbol of the Peaceful Dignity Shown by One Who is on the Path.