The word Bullion comes from the French minister of finance who served under King Louis the 13th, Claude de Bullion. Gold Bullion bar like other precious metals is quite cherished by people worldwide and owning some proves to be as useful as it is valuable on the market.
What is gold Bullion bar?
Gold bullion is a precious metal whose two primary forms are Gold bullion bars and Gold bullion coins. What defines it is the value it derives from the purity and precious metal content. Gold Bullion, unlike jewellery and numismatic coins, does not possess any artistic value and people often misunderstand the reason behind the high evaluation of a relatively ‘useless’ metal.
What are Bullion Coins?
As the name says, a Bullion Coins is a coin that is made using valuable metal (in this case gold) and is stored by people for its pure value or in the form of a future investment to trade over in the bullion market in case required. These coins are recognised by the United Kingdom under the following terms:-
• The coins must have been minted in the 19th century.
• They have a high purity value, along with the lines of nice hundred thousand.
• The coins were used as legal tender in the country at one point in time.
What is Gold Bullion Bar?
Once again, as the name states, these bars are made from Gold Bullion and their sole purpose is for their economic value and not for artistic value. The standard Gold Bullion bar that is traded internationally by banks and bullion dealers is 12.4kg or 438.9 ounces in weight. These Gold Bullion bars are also often referred to as gold ingots and are regularly brick shaped, particularly in Europe.
Owning or possessing silver bullion UK in the form of bars or coins is thus the perfect form of investment for most people in the western world and often turn out to be game changers in future debt situations.