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Bullion

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Bullion
Gold and silver that is officially recognized as High quality (at least 99.5% pure), and is in the form of bars rather than coins.
    
Precious metals in bulk form are known as bullion, and are traded on commodity markets. These 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. Traditionally, bullion has been a good Hedge against Inflation. One of the largest bullion coins in the world is the 10,000 dollar Australian Gold Nugget coin minted in Australia which consists of a full kilogram of 99.9% pure gold. Silver coins have become popular with collectors due to their relative affordability, and unlike most gold and platinum issues which are valued based upon the markets, silver issues are more often valued as collectables, far higher than their actual bullion value.
Posted by  Cityscape Abu Dhabi
 
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