GLOSSARY

BULLION

6 May 2016 By PDSNET

Any precious metal (most commonly gold), which has not been processed into jewellery, coins, or used for any other manufacture. It is normally kept in bulk form in bars known as ingots. Most countries today produce and market a gold coin. For example, the Canadian Maple Leaf or the American Eagle. But the most widely traded and best-known gold coin in the world is the krugerrand. The SA Bullion began producing krugerrands in 1968 and so far has minted more than 50 million which are in circulation throughout the world.

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