Gold Bullion Dealer
+44 (0)203 086 9200
About GoldCore Ltd
GoldCore are respected international gold brokers who have provided precious metal bullion delivery and storage to UK clients since 2003. GoldCore won an award in 2006 when we correctly warned about the risk of property bubble and of a global financial crisis. Those who took our advice managed to protect and grow their wealth in recent years.
What is Bullion?
Bullion is gold, silver, or other precious metals in the form of coins, ingots, or bars. Typically bullion is used for trade on a market. The word bullion comes from the French Minister of Finance under Louis XIII, Claude de Bullion.
The value of bullion is typically determined by the value of its precious metals content, which is defined by its purity and mass. To assess the purity of gold bullion, the centuries old technique of fire assay is still employed, together with modern spectroscopic instrumentation, to accurately determine its quality in order to ensure the owner receives fair market value for it. It is also weighed extremely accurately.
Retailers may sometimes market ingots and bars of base metals, such as copper, nickel, and aluminium as bullion, but this is not a widely accepted definition.
Source - Wikipedia