Bullion Market


Bullion Market

Bullion is a precious metal, primarily gold that can be minted into coins. The defining attribute of bullion is that it is valued by its mass and purity rather than by its face value as in the case of money. In short, the amount of bullion owned by a nation is precisely the intrinsic valuation of the amount of gold reserves that a country has. It is used as an indicator of the wealth possessed by a nation. The market is under the strict supervision of the Central Government.

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