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This list of bullion dealers includes notable companies and organizations that deal in precious metals, such as gold and silver. This list is incomplete ; you can help by adding missing items . ( September 2014 )
Bullion coins are government-minted, legal tender coins made of precious metals, such as gold, palladium, platinum, rhodium, and silver. They are kept as a store of value or an investment rather than used in day-to-day commerce. [1]
The London bullion market is an over-the-counter market for wholesale trading of gold and silver. The London Bullion Market Association (LBMA) coordinates activities of its members and other participants in the London bullion market. The LBMA sets and promotes quality standards for gold and silver bullion bars. The minimum acceptable fineness ...
Although the physical market for gold and silver is distributed globally, most wholesale OTC trades are cleared through London. The average daily volume of gold and silver cleared at the LBMA auctions in May 2019 was 18.6 million troy ounces (2965 transfers, worth $23.9 billion) and 211.8 million troy ounces (978 transfers, worth $3.1 billion ...
Mint and private assayers would subsequently refine the doré bars to an acceptable purity, 999 fine, gold bullion, with the silver and base metals removed. By the time of the California gold rush , mints were moving away from the age-old process of cupellation to " part " bullion and moving toward the acid refining process developed by chemist ...
Bullionism is an economic theory that defines wealth by the amount of precious metals owned. [1] Bullionism is an early and perhaps more primitive form of mercantilism. [citation needed] It was derived, during the 16th century, from the observation that the Kingdom of England, because of its large trade surplus, possessed large amounts of gold and silver—bullion—despite the fact that there ...
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