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bullion

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Bullion

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.

Notes:

Traditionally, bullion has been a good hedge against inflation.

See also: Fool's Gold, Hedge, Inflation, Ingot, Precious Metal, Unparted Bullion

bullion

Refined gold or silver in bulk (that is, ingots) rather than in the form of coins.

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