What Is Bullion?
Many websites offer a definition and we will start with the Oxford English dictionary.....
Oxford English Dictionary
Gold or silver in large amounts or in the form of bars
Bullion is gold, silver, or other precious metals in the form of bars, ingots, or specialized coins. Typically, bullion is used for trade on a market. The word "bullion" comes from the French word bouillon, which meant "boiling", and was the term for the activity of a melting house.
Bullion is gold and silver that is officially recognized as being at least 99.5% pure and is in the form of bars or ingots. To create bullion, gold first must be discovered by mining companies and removed from the earth in the form of gold ore, a combination of gold and mineralized rock. The gold is then extracted from the ore with the use of chemicals or extreme heat. The resulting pure bullion is also called "parted bullion." Bullion that contains more than one type of metal is called "unparted bullion."
Chards' Definition of Bullion
Bullion is a term used to describe precious metals such as gold and silver which are bought and sold at or close to the value of its metal content (intrinsic value). Bullion can be bought and sold as both coins and bars. Investing in bullion, as opposed to buying coins for their numismatic interest or its collectable value is the safest and cheapest way to invest in gold.
A lot can change in the course of business and a lifetime.....learn more about the past 50 years of the bullion market where we discuss the changes we have observed in 50+ years of trading. It might just help with some of your investment decisions.
You may wish to view all of our articles on our gold guide
You may wish to view all of our articles on our silver guide