Definition of Bullion
Collins English Dictionary
- Gold or silver in mass.
- Gold or silver in the form of bars or ingots, suitable for further processing.
Webster
- Uncoined gold or silver in the mass. Properly, the precious metals are called bullion, when smelted and not perfectly refined, or when refined, but in bars, ingots or in any form uncoined, as in plate. The word is often often used to denote gold and silver, both coined and uncoined, when reckoned by weight and in mass, including especially foreign, or uncurrent, coin.
- Base or uncurrent coin. [Obs.]
NESARA - The National Economic Stabilization and Recovery Act
- Precious metal bullion: Any refined precious metal, such as gold, silver, platinum, and palladium, which is in a state or condition where its value depends primarily upon its precious metal content and not its form.
- Coin: 1) A piece of metal with its commodity type, weight and fineness stated on its face; an item of intrinsic value based in the unconditional, historical domain and often used as a medium of exchange. 2) Monetized bullion or other forms of money manufactured from gold, silver, platinum, palladium, or other metals now or in the future and used as a medium of exchange in the United States or in any foreign nation.
