GOLD BULLION Meaning and
Definition
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Gold bullion refers to the physical form of gold that has been processed and refined into standardized bars or ingots. It is generally regarded as a store of value and a hedge against inflation, making it highly attractive to investors and collectors. The term "bullion" refers specifically to precious metals that are valued by weight rather than any artistic or numismatic attributes.
Gold bullion is typically highly pure, with a minimum fineness of 99.5% or even higher. It is usually produced by mining companies, gold refineries, or government mints. These entities ensure that the gold bullion bars meet certain quality standards and are certified for their purity.
The weight of gold bullion bars can vary from a few grams to several kilograms. The most commonly traded sizes include 1 gram, 5 grams, 10 grams, 1 ounce, 10 ounces, and 1 kilogram. These bars usually have a uniform shape and design, imprinted with the weight, purity, and the hallmark of the producing entity. The standardized nature of gold bullion enables easy and efficient trading across international markets.
Gold bullion is primarily purchased as an investment, offering a tangible and portable form of wealth. It is considered a safe haven asset and is often sought after during times of economic uncertainty or geopolitical unrest. Gold bullion can be acquired through various channels, including physical purchase from authorized dealers, online platforms, or investment products such as exchange-traded funds (ETFs) or mutual funds that track the price of gold.
Common Misspellings for GOLD BULLION
- fold bullion
- vold bullion
- bold bullion
- hold bullion
- yold bullion
- told bullion
- gild bullion
- gkld bullion
- glld bullion
- gpld bullion
- g0ld bullion
- g9ld bullion
- gokd bullion
- gopd bullion
- good bullion
- gols bullion
- golx bullion
- golc bullion
- golf bullion
- golr bullion
Etymology of GOLD BULLION
The word "gold" derives from the Old English word "geolu", also referred to as "gelo" or "gil", which eventually evolved into "gold" in Middle English. It can be traced back to the Proto-Germanic word "gulþą" and the Proto-Indo-European root "ǵʰelh₃-", meaning "to shine" or "gleam".
The term "bullion" comes from the French word "bouillon", which later entered English in the 14th century. "Bouillon" originally denoted a molded mass or ingot of metal. The French word ultimately derives from the Old French word "boillir", meaning "to boil". This is because in medieval times, gold and silver were melted or boiled to remove impurities before being formed into bullion.
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