bullion
n. uncountable C2 Proficiency US //ˈbʊɫjən// UK //bˈʊliən// bul·lion
n. gold or silver that is kept in the form of bars or blocks instead of coins. It is usually held by banks or governments as a way to store wealth.
n. gold or silver in bulk form, such as bars or ingots, valued by weight rather than by face value or artistic merit. Often held as a reserve asset by central banks or institutional investors.
The bank stores gold bullion in a high-security vault.
Investors often purchase silver bullion as a hedge against inflation when the stock market becomes volatile.
The central bank's decision to increase its holdings of gold bullion signaled a lack of confidence in the long-term stability of the global reserve currency.