Gold bullion is officially recognized gold in the form of bars that is at least 99.5% pure. The common misconception is that gold can only be in this form. In reality, bullion means any refined and stamped weight of refined precious metal. Traditionally, gold is kept in the form of coins or bars. In olden days, it was in the form of coins; in modern times, it is stored in the form of bars.
Gold bullion has always been considered to be a good hedge against inflation and spiraling prices. Monetary reserves of a nation are always kept in the central banks, in the form of gold bullion. One always imagines bricks of gold stored safely in Fort Knox! The gold owned by governments and central banks are known as “London good delivery” gold bullion bars. They weigh approximately four hundred troy ounces, and are refined and cast into bars by the various private refiners in different parts of the world. It is then accepted for delivery to London and other major precious metal markets of the world…
Gold bullion can be bought by anyone as a recognized weight and fineness of gold. It is purchased at the current price of gold with an additional cost for refining, fabricating, and shipping to the purchaser. This is an international symbol of financial value that has withstood the test of time
Putting Gold Bullion To Use
The metal is dense, so relatively small physical quantities of gold bullion represent enormous values. The material requires only minimal maintenance, and will not change in appearance if kept with reasonable care. It is recognized for its value all over the world, and transcends barriers of culture. It is especially useful in emerging countries, because its value does not diminish with political or economic uncertainties.
Gold bullion is the best security or collateral that one can offer. Everyone from individuals in trouble to large countries can use their stocks of gold bullion to raise cash at short notice. It is possible to add to gold bullion proportions of an estate just as easily as the material is to sell. Liquidity with enduring value may seem to be a utopian dream, but it is an everyday reality with gold bullion. It is a material that is worth building up over time, and constitutes the most reliable way of transferring value to your descendants. This may be why some communities with origins in ancient civilizations consider gold to be almost sacred, and something to buy at regular intervals.