What is Bullion?

Bullion refers to Precious Metals in bulk form, valued by weight. In popular culture, Gold or Silver bullion usually appears as bars or ingots, but the forms bullion might take are more nuanced than that.

For a new collector looking to buy Silver bullion, there are several tempting options. So-called “junk” coins — older U.S. coins minted with a Silver content of 90% — are a viable form of Silver bullion. They are still attractive, they just have no numismatic, or collectible, value beyond their Silver content.

The next step up in Silver bullion, in both price and size, is Silver in the form of bullion coins or small bars. It is easy to buy Silver bullion coins, such as the wildly popular American Silver Eagle, or similar Silver rounds, which are manufactured privately. Rounds differ from coins in that they are not legal tender and generally command a smaller premium than a sovereign coin.

A more advanced or financially liquid Silver investor looking to buy Silver bullion may select a form of Silver more typically thought of as bullion: larger-format Silver bars. Weighty and beautiful, stereotypical bars of bullion make a gorgeous display to serious investors and collectors. For an investment of this size, it is key to follow Silver bullion prices and time your purchase accordingly. Small fluctuations in Silver bullion prices will add up quickly when you are considering buying 100 oz or more at a time.

Buying Gold bullion is a larger financial undertaking which rightly demands greater consideration. That said, there are many ways to get started as a Gold bullion investor even with a modest budget. First, if you carefully follow Gold bullion prices you can maximize your buying power. While Gold has a strong upward trend over the long term, you can take advantage of momentary dips to get the best value for your money. Secondly, you might consider buying Gold bullion in smaller amounts. For example, a 1/10 oz Gold bullion round is an affordable entry point into purchasing Gold bullion without making a large financial commitment.

Both Platinum and Palladium enjoy great demand across several industries and have a completely different supply and demand dynamic than Gold or Silver. With distinctive color and texture, Platinum and Palladium complement other coins and bars beautifully. Displaying Platinum bullion pieces next to historical, collectible coins adds contrast and intrigue. In addition to aesthetic value, the prices of Palladium and Platinum tend to go up independently of other Precious Metals. Influenced heavily by auto-industry demand, when the car business is booming, spot prices for Palladium and Platinum often follow suit.

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