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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Bullion  

Definition 1.

Gold and silver that is officially recognized as high quality (at least 99.5% pure), and is in the form of bars rather than coins.
 

Definition 2.

Gold, silver, platinum, or palladium, in the form of bars or ingots. Some central banks use bullion for settlement of international debt, and some investors purchase bullion as a hedge against inflation.
 
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