Gold and Silver which are officially recognized to be of 99.5% purity and in the form of bars and ingots are called Bullion. The value of Bullion can be determined through its purity and mass.The market where buyers and sellers trade in gold and silver are called the Bullion market. Bullion can also be bought and sold online. This can be done in a secure and convenient way on online trading platforms.
Bullion markets are spread across the World and Bullion (Gold/Silver) is traded on Regulated Exchanges either OTC (Over The Counter) or in the Futures Market. Bullion like Gold and Silver also have industrial applications. Bullion is a hedge against inflation and a safe haven in times of distress.
Bullion is a piece of gold which can be cast into a bar or an ingot. There are no specifications on how large the bar should be or the percentage of purity in the gold/silver bar itself. Bars of smaller size are called ingots and are usually reserved for silver troy ounces.
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Silver in the form of bars, coins, ingots is called silver bullion. There are many places from which you can buy silver bullion. They are banks, local jewelers, and also online stores.
If you trust the jewelry shop owner, you can make the purchases from the jewelry store. The trust factor means you will get good silver pieces at the right price. You can also buy silver bullion online. You get good deals at competitive prices and may be cashbacks, from several authentic websites. Buying Silver Bullion online from reputed Companies, is found to be safe.
SEE ALSO: When Should You Go For A Gold Loan?
Silver bars are a very good investment. They come at a lower premium, when compared to silver coins. They are easy to store and prices as a percentage, rise faster than gold bars.
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