When we hear about bullion being bought or sold in the market place most of us think gold, and this is with good reason, based on the fact that the word bullion on most accounts is used to refer to gold, but the truth of the matter is that bullions are actually a term used for precious metals (any precious metals – gold, silver, palladium, platinum etcetera) that are in bulk form and traded on the commodity market.
The value of the bullion is determined by the content of the precious metal that is contained in it or the purity level and of course the total weight of the content, but in most case scenarios, when the word bullion is used, it is usually 99.99 % in gold content or at the minimum 95 % and no less. Another misconception can be said to stem from movies and Hollywood input as people seem to think that the only available gold bullion is in the form of rectangle bars and that round bits of precious metal shaped as coins are coins and not bullion.
When an individual decides to buy gold for the sake of buying gold for investment purposes (or any other precious metal such as silver or platinum) it can be considered as bullion. Bullions are however ‘mostly’ but not all, stored in the form of gold bars (400 troy ounces) that are kept by most countries in their central banks and these are what gold traders call ‘the London Good Delivery) and are the best form of physical gold that a would be investor could buy for either investment purposes or if they are jewellers or even manufacturers of electronic products that use gold ‘dips’ in their circuitry (gold is considered to be a super conductor along with silver, but scarcity make them too expensive or cost ineffective).
So when it comes to buy gold bullion or any bullion for that matter for investment purposes most experts advise investors not to remove the gold from its storage as removing them would cost the investor more as bullions that are removed from storage will be subjected to assay, refining and handling fees before it can be liquidated and of course there is always the question of safety when it comes to bullions especially gold bullions.
These large bars are the best way to buy or invest in gold and the best thing is that the cost of storing them under insurance is borne by ‘all the investors of gold’ (spread cost) making it actually very cheap to keep gold with these storage facility that not only have adequate security but also have the necessary ‘transporting’ facilities to physical relocate the bullion to another place without risk to the owner of the bullion.
However if investors ‘feel’ that they want their gold ‘with them’ they may do so by requesting for the bullions to be shipped to them (shipping and handling cost will be borne by the owners of the gold bullion).
Sell Gold Jewellery Brisbane 