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Glossary of Gold, Silver and Bullion Terms to Know

  • Oct 07, 2022
  • Learn
  • 10 minute read

Attracted to their beauty, cherished for their symbolism and prized for their historic role as a store of value. These are just a few of the reasons why the world loves precious metals.

Though not abundant in nature, their versatility and use in industrial processes are rich. Precious metals like gold, silver and platinum are known to be rare and to hold great economic value. 

Often cast or struck into ingots, bars, wafers or coins, precious metals in bulk form are known as bullion and are traded on commodity markets across the globe. Several nations compete in the minting of gold bullion products, but Canada stands out for having one of the most technically advanced gold and silver refineries in the world!

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Two commonly known market conditions are a Bear Market and a Bull Market, and both are defined in our glossary of bullion terms.

Attracted to their beauty, cherished for their symbolism and prized for their historic role as a store of value. These are just a few of the reasons why the world loves precious metals.

Though not abundant in nature, their versatility and use in industrial processes are rich. Precious metals like gold, silver and platinum are known to be rare and to hold great economic value. 

Often cast or struck into ingots, bars, wafers or coins, precious metals in bulk form are known as bullion and are traded on commodity markets across the globe. Several nations compete in the minting of gold bullion products, but Canada stands out for having one of the most technically advanced gold and silver refineries in the world!

Assay operations at the Royal Canadian Mint
400 oz gold bars from the Royal Canadian Mint
Scrap gold to be refined at the Royal Canadian Mint
The Royal Canadian Mint’s Canadian Gold and Canadian Silver Reserves programs provide investors with a secure and convenient direct investment in physical gold or silver.
loveGOLD

Gold is all around us. Used in jewellery, technology and as an investment, the demand and different uses for gold are abundant. Discover the special role gold plays in today’s world.

loveSILVER

Silver is one of the scarcest, most essential and most valuable metals in the world. The industrial usages for silver are rich, driving its demand and appeal as an investment. Silver is precious and here’s why.

lovePLATINUM

Thirty times rarer than gold, platinum is prized in industry and jewellery for its unique properties, and is emerging as an important metal of the future. Along with its diverse applications, investment demand for platinum is growing and here’s why.