Gold Bullion

Context:
- It can have a Gold Bullion Price, such as Gold Bullion USD per Ounce Price.
- It can be traded on the commodities market as a form of investment.
- It can be stored in secure vaults as a means of preserving wealth.
- It can be minted into gold coins or gold bars of various weights.
- It can be sold as a Gold Spot Contract, allowing investors to buy or sell gold at current market prices.
- It can be purchased by investors seeking to hedge against inflation or economic instability.
- It can be held by central banks as part of their gold reserves to back national currencies.
- It can be subject to purity standards, often measured in karats or fineness.
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Example(s):
- Gold Bullion Coin.
- Gold Bar, a standard form of gold bullion, typically held by financial institutions.
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Counter-Example(s):
- Silver Bullion, Platinum Bullion, ...
- a Currency, such as: USD.
- a Cryptocurrency, such as: bitcoin.
See: Liquid Asset, Commodity, Palladium, ISO 4217, Gold Reserves.

References

(Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/Precious_metal#Bullion Retrieved:2014-2-3.
- A precious metal is a rare, naturally occurring metallic chemical element of high economic value.
  Chemically, the precious metals are less reactive than most elements. They are usually ductile and have a high lustre. Historically, precious metals were important as currency but are now regarded mainly as investment and industrial commodities. Gold, silver, platinum, and palladium each have an ISO 4217 currency code.
  The best-known precious metals are the coinage metals, gold and silver. While both have industrial uses, they are better known for their uses in art, jewellery and coinage. Other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum, of which platinum is the most widely traded. ^[1]
  The demand for precious metals is driven not only by their practical use but also by their role as investments and a store of value. Historically, precious metals have commanded much higher prices than common industrial metals.