Bullion is the general name for pure gold or silver (at least 99.5%) which have been transformed into bars or minted into coins for investment purposes.
Examples of gold bullion include: gold bars and gold non-numismatic coins.
Examples of silver bullion include: silver bars and silver non-numismatic coins.
Sometime bullion is called physical bullion in order to emphasize that one means bullion - real, tangible asset, instead of its paper counterpart (like CFD for gold or silver). In contrast to CFDs, options or futures, physical bullion products are tangible and can be traded as well as smelted into bars or coins. Using this form of gold investment is particularly important when purchasing gold as insurance agains major financial turmoil. You will find more details in our physical gold & silver bullion investment report.