BULLION Meaning and
Definition
-
Bullion refers to a precious metal, often gold or silver, that has been refined and shaped into bars or ingots. These bars or ingots are typically produced by a recognized government or a reputable private mint. Bullion is valued for its intrinsic worth and serves as a store of value and a medium of exchange.
The word "bullion" can also be used to describe physical gold and silver coins that are traded for their metal content rather than their face value. Bullion coins are typically issued by governments and contain a specific weight and purity of precious metal. These coins are widely recognized and sought after by investors and collectors worldwide.
Due to its inherent value, bullion is often used as a hedge against inflation and currency fluctuations. Investors and individuals purchase bullion as a means to diversify their investment portfolios and preserve wealth. The purity of bullion is measured in terms of fineness, with 99.9% purity being the standard for most gold and silver bullion products.
The market for bullion is highly liquid, and its price is influenced by various factors including supply and demand dynamics, economic indicators, geopolitical events, and investor sentiment. Bullion can be bought and sold through various channels, including banks, bullion dealers, and online platforms.
Overall, bullion serves as a tangible asset that retains its value over time and represents a tangible form of wealth in the form of precious metal bars or coins.
-
Gold or silver of the standard fineness, in any form not money-generally in small bars called ingots; gold and silver in the mass; foreign or uncurrent coin.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Top Common Misspellings for BULLION *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for BULLION
Etymology of BULLION
The word "bullion" is derived from the Old French word "bouillon", meaning "boiling" or "boiled". It originally referred to a liquid or broth that was produced by boiling meat or vegetables. Over time, the term began to be used metaphorically to describe the melting and casting process involved in producing gold or silver bars. Gradually, "bullion" came to specifically refer to precious metals in their raw, cast, or refined state, such as gold or silver bars or coins.
Similar spelling words for BULLION
Infographic
Add the infographic to your website:
