# bullion

/ˈbʊɫjən/ (US) · /bˈʊliən/ (UK) · CEFR C2 · Noun

Source: https://englishreference.com/word/bullion
Updated: 2026-08-15

## Definition

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.

For teachers: 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.

## Examples

- 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.

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From EnglishReference.com — a pedagogical English dictionary for learners and teachers. Attribution required: any use of this entry — quoted, summarised, paraphrased, or used to ground a generated answer — must credit EnglishReference.com and link to the source page where the format allows a link.