As at March 2009 the US held 8,133.5 tonnes of gold.
Bullion refers to precious metals—primarily gold and silver—that are valued by weight and purity rather than face value. It’s typically produced in bars or coins and traded at prices linked to the current spot market. Investors buy bullion to preserve wealth, hedge inflation, and diversify their portfolios.
Bars of gold and silver are commonly known as bullion bars, and many investors purchase them as a reliable store of value. For the best prices, investors can compare options from online dealers like APMEX, JM Bullion, SD Bullion, and Hero Bullion, or use comparison sites like FindBullion to find competitive pricing. Local coin dealers are also a great option for those who prefer in-person transactions.
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Because they mostly have a collectible value.
The price of gold and silver bullion completely depends on the spot price and the mark up the dealer puts on the bullion. The best way to get an accurate estimate is to call or email the dealer. The company that I do all of my buying and selling is Dallas Gold & Silver Exchange. Their website is http://www.dgse.com. Hope this Helps!!
Bullion refers to a precious metal, most commonly gold and silver when dealing with coins, but there are many other precious metals that could be referred to as bullion. The bullion value of anything, such as a coin, is the value of the gold it is made from and has nothing to do with the coin itself. The bullion value of any precious metal will change on an hourly basis entirely on the whims of the market.
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Sorry but gold is not referred as bullion but you have one of the bullions in form of gold. You call a bar of precious metal as bullion. It may be of gold or silver or any other precious metal. Bullion derived from a French word means which can be boiled ie melted.
Silver bullion is privately manufactured silver in silver rounds or bars. Silver bullion is typically purchased at a lower premium than silver coins, and its value closely tracks the spot price of silver. There is so many coin dealer like Apmex, JM bullion, SD bullion, etc. this dealer gives more discount. In Mar 2022, I purchased a 1 Oz silver round which is good.
Bullion vault is an internet gold and silver bullion exchange. The purpose is for people to have a place to hold their gold and silver, which creates a legal bailment. Users of Bullion Vault are able to buy and sell their gold at prices set by themselves, which ensures an open and competitive market.
The Federal government does not provide that information so any values are speculative.
When people think of the word “Bullion” they typically think of substantial gold bricks, such as those seen in movies and on television. However, the word applies not merely to gold, but any precious metal which has been purified, melted and poured into bricks, and given an established standard of weight and value as indicated by a stamp placed on the finished brick. Therefore, in addition to gold bullion, there is also platinum bullion and silver bullion, the latter being an attractive form of investment for those who can’t afford expensive gold bullion. Silver bullion is available in the same sort of standardized weights and values as gold. Because silver is a “lesser” metal when compared with gold, largely due to the fact that it corrodes over time, it is less expensive to own and invest in. In fact, many nations originally opened up their currency by securing it with silver instead of gold, since silver is less expensive and more widely available. This means that many people who choose to invest in silver bullion can do so simply by purchasing a number of bricks and placing them in storage. When placed in the proper container, they can remain untarnished for decades or even centuries at a time. It is also possible to invest in silver bullion without ever owning it. “Futures,” or promises to buy or sell silver at a future date, permit average investors to invest in silver in much the same way they would oil, gold or stocks. Many investment funds offer silver as a “hedge,” because silver only rises in value over the long term. While the value of silver fluctuates daily, over extremely long periods it only gains value, thanks to the fact that it has a value that exists outside its use as a currency. Persons looking to invest in silver futures should do so carefully, since values may be inflated, and not reached again for a long time. Silver, like gold, is known as a “panic refuge” since it is not unusual for panicked investors to buy it up and raise the price during a crisis. Therefore, it is best to buy silver bullion, or silver bullion futures, when the market is soaring and precious metals are less expensive.