Physical Possession or Depository Storage?
Thanks to Grace S. from Florida for this Month’s Frequently Asked Question
PRECIOUS METALS FAQ – WHAT IS A BULLION?
Bullion is a bulk quantity of precious metal, usually gold or silver. Assessed by weight and typically cast as ingots or bars, bullion is sold by major banks and dealers. Bullion also comes in the form of coins.
Bullion coins are minted from precious metal, usually gold or silver, and bought for investment purposes from major banks, coin dealers, brokerage firms, and precious metal dealers. The value is based on their gold or silver bullion content. Prices fluctuate daily, depending on the price of gold and silver in the world markets. Perhaps the best-known bullion coins are the American Gold Eagle, the Canadian Maple Leaf, the Australian Gold Nugget, and the South African Krugerrand. At GSI Exchange, our investment team is always seeking out bullion coins for our clients with the rare combination of the highest potential for price appreciation and aesthetic beauty.