Bullion

What is Bullion?

The term ‘bullion’ refers to the non-monetary of precious metal. Bullion coins are sometimes minted in commemoration of important events, such as presidential inaugurations, and when these are given a monetary value, it is sometimes lower than the actual worth of the coins as bullion. Gold ingots, which are sold for their weight and purity, are an example of bullion, and have long been used as investments against economic volatility and bear markets.

Selling Scrap to be Refined into Bullion

Metal smelting and refining companies which specialize in precious metals accept diverse sources of scrap for refining into bullion and reselling. This recycling of precious metals is important for ecological as well as economic reasons, as it helps to offset waste of naturally occurring resources. In addition to solid metallic substances in the form of alloys and other materials, various solutions may also accepted, such as the halides of silver which are used in photographic developing processes. Refiners may provide the option of being paid in bullion for scrap, rather than monetary payment.