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What is bullion and what are its different types?

Jordan Porter

October 1, 2024

Bullion refers to precious metals like gold, silver, platinum, or palladium in bulk form, typically cast into bars, coins, or ingots. Bullion can be categorized into two main types: coin bullion and bar bullion. Coin bullion includes legal tender coins, while bar bullion comes in various shapes and weights. Bullion is primarily used as an investment or for industrial purposes.

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