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Gold Bullion

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1 Utah Goldback 1/1000 oz Physical Gold Note (New)

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It’s a note. It’s real gold. It’s affordable, it’s transactable, and it’s beautiful… Meet the Utah Goldback, the best and most affordable sound money we’ve seen!
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1 Nevada Goldback 1/1000 oz Physical Gold Note (New)

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For the first time, real physical gold and the convenience of paper money are combined into a Goldback: a physical gold note that has its own real, intrinsic value…
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1 New Hampshire Goldback 1/1000 oz Physical Gold Note (New)

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Real physical gold and the convenience of paper money: meet the New Hampshire Goldback, quite possibly the easiest (and least expensive!) way to buy gold bullion…
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2022 1 oz American Buffalo Gold Coin (BU)

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The U.S. Mint’s only 0.9999 fine gold coin, the 1 oz American buffalo features James Earle Frazier's famous indigenous American portrait on the obverse and an American bison on the reverse...
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1 oz British The Gold Standard Bullion Coin (BU)

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Back in 2016, The Royal Mint launched The Gold Standard series, commemorating Britain’s adoption of the gold standard. This 1 oz 0.9999 fine gold bullion coin’s design reflects the days of good, honest money…
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2022 1 oz South African Krugerrand Gold Coin BU

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The South African Krugerrand isn’t just the first modern gold coin, it’s also one of the most desired gold bullion coins in the world. Formerly dominating the global gold bullion coin marketplace, today the gold Krugerrand has gone from #1 to second-to-none. Right now, BullionMax your brand-new 2022 1 oz South African Krugerrand gold coins in brilliant, uncirculated condition, ready to ship…
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2022 1/4 oz Canadian Maple Leaf Gold Coin BU

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This fractional gold maple leaf bullion coin has a weight of a quarter troy ounce and a purity of 0.9999 pure gold. A wildly popular coin, an absolute must-have from the world-famous Royal Canadian Mint.
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2022 1/2 oz Canadian Maple Leaf Gold Coin BU

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The 2022 gold maple leaf coin's purity was raised from 0.999 fineness in 1982. With a weight of half a troy ounce and a purity of 0.9999 pure gold, these are an absolutely must-have from the world-famous Royal Canadian Mint.
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2022 1 oz Canadian Maple Leaf Gold Coin BU

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The 1 oz Canadian maple leaf gold coin from the Royal Canadian Mint is one of the most respected gold bullion coins in the world, and the oldest of the modern pure gold bullion coins. See for yourself why the maple leaf is a global favorite…
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2022 1 oz Britannia Gold Coin BU

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The Britannia 2022 1 oz gold coin is minted in the United Kingdom at the Royal Mint and contains one troy ounce of gold, minted in 0.9999 pure metal. This coin features more than exceptional purity – it has top-notch security features, too.
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2022 1 oz Austrian Philharmonic Gold Coin BU

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The Austrian Philharmonic gold bullion coins are some of the most popular in the world. Introduced by the Austrian Mint in 1989 and designed by its chief engraver, Thomas Pesendorfer, the Austrian gold Philharmonic really breaks the mold. See why this coin has been a favorite among collectors and investors for decades...
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2022 1/10 oz American Eagle Gold Coin BU

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American Eagle gold coins are a worldwide favorite year after year, and this 1/10 oz weight is the most affordable size. Great prices and everyday free shipping from BullionMax!
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1-49 $286.60
50-99 $284.60
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The art and business of turning gold into gold bullion has been around for thousands of years. The pure examples of the precious metal we value today were just as important to the ancient world. Here is a quick overview of gold bullion and its place in the world's history:

What Is Gold Bullion?

Gold bullion is pure or nearly pure gold that has been shaped for easier storage and trading. One of the most common forms of gold bullion is the gold bar, but you may also find it in ingots or coins.

The word 'bullion' comes from the Old French word 'boillir,' which means 'to boil.' [1] This refers to the process of making the gold bar or coin. The raw material that contains gold is heated until the gold is melted and can be removed from the non-gold material. This helps producers of gold bullion create nearly pure bars and coins free of detritus.

Gold bullion is most popularly available in two forms to private investors: government-produced gold coins and gold bars. Regardless of the form, bullion gives investors, corporations, and governments an easier, tangible asset that helps them build and diversify their investment portfolios.

When and Where Did Gold Bullion Start?

People have been producing gold bullion for millennia. The oldest-known instance of gold bullion coin mintage is from the 5th or 6th century B.C. in China. [2] However, gold has been valued around the world for thousands of years, and it has been offered in bar and coin form for much of that time.

A modern example of government-produced gold bullion coins is the South African Krugerrand. The Krugerrand is arguably the reason official gold bullion coins have become so popular among investors and collectors. It was first minted in 1967 and offered to private investors as a way to boost interest in South Africa's gold mining industry.

To Where Did It Expand?

After the Krugerrand, many other modern countries began producing their own version of the bullion coin to offer to investors. Here are some other examples of government-minted gold bullion coins:

  • The United Kingdom's Sovereign, first minted in 1887
  • Mexico's Centenario, first minted in 1921
  • Canada's Maple Leaf, first minted in 1979
  • Iran's Emami, first minted in 1980
  • China's Gold Panda, first minted in 1982
  • The United States Gold Eagle, first minted in 1986

These a just a few of dozens of countries that have official versions of the gold bullion coin. Bullion bars are still in production as well, though they're generally made and sold by companies rather than governments. In 2019, 19.99% of the world's gold was used for gold bullion bars and coins. [3]

How Has the Favorability of Gold Bullion Evolved Over Time?

The favorability of gold bullion has shown no signs of slowing since the advent of the Krugerrand. Bullion coins and bars are highly portable ways of investing in real gold, which makes them particularly attractive to investors and governments.

Even prior to the Krugerrand, this precious metal has been sought after for its intrinsic value since before recorded history. Modern bullion is simply one of the latest ways to partake in the collection and trading of gold.

What Factors Sustain Gold Bullion's Performance?

There are many factors that sustain gold bullion's performance. Since bullion is simply gold, coins' and bars' values are reflected in the price of all gold. Here are a few factors that sustain gold and gold bullion performances:

  • Demand. As the demand for gold rises, so does its value. About 48% of the world's gold is used for jewelry, 7.5% for technology, and nearly 30% for investments. As countries modernize and the call for gold increases, the value of bullion follows suit. This is in part due to the gold industry's inability to supply as much as the world demands.
  • Weak economies. There is often an inverse relationship between a country's economy and the value of gold. Factors such as low values of U.S. currency, high unemployment rates, low GDP growth rates and more shake investors' faiths in the economy, which leads to more bullion investments.
  • Trading. Like stock trading, many investors will sell their gold bullion when prices are high and buy when they're low. As more bullion owners sell their stock, the demand for bullion decreases, which lowers the price of gold.
  • Gold mining. If gold miners suddenly produce less than they previously did, it can cause the prices of gold to rise. This can happen for any number of reasons, from political turmoil and nationwide lockdowns to mines simply running dry. As mines' abilities to supply decreases, demand increases, driving up the value of gold.

These are just a few factors that drive the performance of gold bullion. Arguably, the common theme here is security. As investors feel more secure, gold prices drop. The less financially secure people feel, the higher the value of gold rises.

People purchase gold bullion for many reasons. Gold bars and coins are tangible investments that can protect buyers from economic fallout. For example, stocks can go away and the value of the dollar can crash, but gold bullion will remain. In the long term, the price of gold has risen substantially. In 1973, the value of gold was less than 200 U.S. dollars per ounce. In 2020, the price of gold rose past $2,000 per ounce. [4]

Investing in gold bullion is a practice that has been around for thousands of years in one form or another. If you're thinking about investing in gold bullion, it's important that you acquaint yourself with its history and how it works before you dive in.


Article sources:

1. Merriam-Webster. 'Bouillon,' https://www.merriam-webster.com/dictionary/bouillon#etymology. Accessed Sept. 10, 2020.

2. Oldest.org. '7 Oldest Coins that Ever Existed,' https://www.oldest.org/culture/coins/. Accessed Sept. 10, 2020.

3. HowMuch.net. 'Visualizing the World's Gold Demand,' https://howmuch.net/articles/global-gold-demand-2019. Accessed Sept. 10, 2020.

4. GoldPrice.org. 'Gold Price History,' https://goldprice.org/gold-price-history.html. Accessed Sept. 10, 2020.

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