Not Just for Pirates
Ingots and Coins and Bars, Oh My!
Bullion, a French word after Claude de Bullion, the French Minister of Finance under Louis XIII, usually refers to bars, ingots, and coins made of pure precious metals such as gold, silver, and platinum. Recently, bullion has also been used to describe ingots and bars made of base metals such as copper and nickel.
Bullion is usually the way to refer to precious metals in bulk. They are regularly traded on hard commodity markets. Metals, as something extracted from the ground, are hard commodities, as opposed to things like soy, corn, wheat, and other harvestables known as soft commodities. Bullion is valued by its precious metals content, measured through both purity and mass.
Although some modern bullion coins, such as the Krugerrand, have been used as currency throughout the 20th century, most do not enter circulation and are instead used as an investment and can be purchased as insurance against inflation or unstable economic times. Bullion coins are valued based on their precious metals content, as opposed to numismatic coins, in which value is determined based on a number of factors such as age, condition, and the number produced.
Establishing Value in Bullion
Whether you believe Chicken Little and think the sky is falling, that the dollar is on the brink of collapse, or you’re just a regular Joe who understands the benefit of investing in commodities, putting at least some of your cash behind bullion is never a bad idea. Bullion is often used as a hedge against economic turmoil and inflation, as its value is generally very stable. Bullion’s value can be determined using very simple tests right here in Pawngo’s lab to determine weight and purity. Age and rarity are also taken into account when deciding on the value of bullion.
Best Practices for Pawning Your Bullion
With Pawngo, getting the highest value for your bullion is easier than ever. Bullion, while a generally stable market, can still fluctuate. Pawngo will make sure you get fair market price for your bullion. The entire process is fully insured and with our secure facility, you can be sure that your items are safe and sound for whenever you decide you’d like them returned. Your loan terms are up to you and you can repeat the loan as often as you’d like. Click the button above to Get Started Now!