Gold and Silver Bullion
A metal is deemed to be precious if it is rare. Gold and Silver Bullion, and in particular a pile of gold bars, is what most people think of when they hear the word “Bullion”. The status of a “precious” metals 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. So now, when you think of Gold and Silver Bullion, you understand why it is worth it’s weight in gold (or silver).
[…] commanded much higher prices than common industrial metals. Precious metals in bulk is known as Bullion. The Purity of Precious Metals varies in levels of the Purity. Many Nations mint Bullion Coins, […]