BULLION BLURB - Insights
Posted on May 29, 2017
We have been writing our “Bullion Blurb’s” for a few weeks now. We wanted to provide some of our own regular insight, industry update and advice, and so far, we think it’s gone well.
But, after all the sage advice and other information provided, we can’t help but feel like we missed something. We want to be sure that all our fans and constituents truly understand what bullion is. So, here it goes.
Bullion is defined as, “gold or silver in bulk before coining, or valued by weight.” Where the biggest misconception lies is how bullion’s appearance. When most people hear the term, “bullion,” they envision gold or silver bars, mountains of them. Weighing a ton and impossible to move quickly.
Well, coins can also be considered bullion. Coins are simply easier to move, physically and financially.
So, what are the American bullion coins, you ask? Eagles and Buffaloes. Gold American Buffaloes are .999 fine gold, while Gold American Eagles are .925 fine gold. They both, however, are a pure ounce of gold.
Pretty cool, huh?
Submitted by Howard Cook