Bullion Trading Package:
What is Bullion Trading?
Bullion traditionally stands for gold bars, silver bars, other precious metals bars or ingots. The word bullion comes from the old French word bouillon, which meant "boiling" and was the term for a mint or melting house.
In recent years, the term bullion has also been marketed by retailers to describe ingots or bars of base metals such as copper, nickel, or aluminium although the mining and refining industry does not use this term for base metals.
It is also used to refer to a metal piece shaped in the form of a coin or a bar and plated with a precious metal. Examples are gold-plated bars and coins.
Meaning of Bullion:
Gold bars, the typical form of bullion. Bullion refers to precious metals in bulk form which are regularly traded on commodity markets. The value of bullion is typically determined by the value of its precious metals content, which is defined by its purity and mass.
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