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What is Bullion?

    IndianMoney.com Research Team | Monday, February 09,2009, 03:23 AM
 

Bullion is high grade, almost pure gold, silver and platinum in mass in the form of coins and bars. We frequently hear from first-time gold buyers: "I want to purchase gold, but I don't want to pay the expense of buying gold coins. How do I buy just plain gold bullion?"

This is a misinterpretation of what gold bullion is. The general perception is that gold bars are the most cost effective, and perhaps the only available, form of gold bullion. The same idea has it that coins are not really gold bullion. There's a common misperception that all coins are restricted in supply, expensive, and indeed collectors' items

Bullion is accepted weight and fineness of precious metal that you can purchase for the current spot price of the metal, plus the small percentage costs incurred in refining, fabricating, and shipping that bullion to you. Bullion is just a refined and stamped weight of precious metal in mass form.

IndianMoney.com Research Team

The research team at IndianMoney.com comprises of certified and experienced professionals who share the company's vision to make every Indian financially literate by equipping every Indian with right and unbiased advice. IndianMoney.com research team provides newsletters, articles, videos and FAQs on various financial products and concepts only to help you make wise financial decisions.

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