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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]
In the Italian comic book Tex, Confederate gold was placed on board a Confederate river ironclad which ended up in the swamps around the Arkansas River. The gold was later found by members of the Ku Klux Klan who intended to use it to finance a new rebellion in the Southern United States. The ironclad, along with the gold, was destroyed in an ...
Private individuals use bullion as an investment or as a store 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, their sole direct counterparty risk is theft or government confiscation.
The price of a bar of gold is worth a million dollars for the first time, thanks to soaring prices for the precious metal.
The troy ounce is heavier than the avoirdupois ounce, a commonly used unit for measuring weight in the United States customary system. [5] The standard gold bar held and traded internationally by central banks and bullion dealers is the Good Delivery bar with a 400 ozt (12.4 kg; 27.4 lb) nominal weight. However, its precise gold content is ...
Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States."
Bars generally carry lower price premiums than gold bullion coins. However larger bars carry an increased risk of forgery due to their less stringent parameters for appearance. While bullion coins can be easily weighed and measured against known values to confirm their veracity, most bars cannot, and gold buyers often have bars re-assayed.