Private individuals use bullion primarily as an investment or for the potential growth of value. Gold bullion and silver bullion are the most important forms of physical precious metals investments.
Bullion investments can be considered as insurance against inflation or economic turmoil and may not entail direct counterparty risk. Bullion can also be used in an individual IRA.
Bullion is gold and silver that is officially recognized as being at least 99.9% pure and is in the form of bars or ingots, and coins.