What's the difference between bullion and ingot?

Bullion


Definition:

  • (n.) Uncoined gold or silver in the mass.
  • (n.) Base or uncurrent coin.
  • (n.) Showy metallic ornament, as of gold, silver, or copper, on bridles, saddles, etc.
  • (n.) Heavy twisted fringe, made of fine gold or silver wire and used for epaulets; also, any heavy twisted fringe whose cords are prominent.

Example Sentences:

  • (1) If you hold more than a few thousand pounds [at home] you are likely to invalidate your household insurance, or will have to pay an extra premium and install security measures.” Bullion Vault’s 60,000 customers own the gold they buy, but it is held in vaults in London, Zürich, New York, Toronto or Singapore.
  • (2) China is poised to overtake India to become the world's biggest market for gold this year thanks to soaring investment purchases of bullion and steadily rising jewellery sales, according to the World Gold Council's annual report.
  • (3) Demand for gold bullion has surged as people have snapped up coins and bars while the EU referendum result is too close to call, according to the Royal Mint.
  • (4) On the night of 26 January 1985, Reader was present at the Kent home of Kenneth Noye , who, like Reader, was suspected by the police of receiving the stolen bullion from the 1983 £26m Brink’s-Mat robbery at Heathrow airport .
  • (5) They aren’t just blocks of bullion in the sky.” In the latest sign that London homebuyers are being squeezed out by wealthy international investors, foreign purchasers have bought 80% of the properties in a series of big Thameside housing developments.
  • (6) AngloGold Ashanti, South Africa's biggest bullion producer, has lost nearly all local production due to 24,000 workers being on strike, while rival Harmony Gold has also taken a hit.
  • (7) Chris Howard, the Royal Mint’s director of bullion, said the Mint’s 1,000-year history means that it is recognised around the world as a reliable authority on precious metals.
  • (8) Cascades of golden light overpower the sun, rising from a jumble of massive titanium forms piled on top of each other, part train crash and part explosion in a bullion vault.
  • (9) The Bilbao Guggenheim is a treaty port negotiated with the burghers of this rather down-at-heel city, part bullion vault and part glimmering mirage to cow and dazzle the natives.
  • (10) Gold The price of gold usually rises in times of economic crisis because bullion is seen as a safe-haven asset.
  • (11) Much of this was due to physical buying of bullion: purchases of gold bars rose by more than a third to almost 1,200 metric tonnes, particularly in China, Germany, Switzerland and Austria.
  • (12) Sterling-priced bullion hit a high of £783.33 an ounce and gold also set records in euros and Swiss francs.
  • (13) It is stored in a safe location and you pay a small administration fee every year, typically around 1% of the average value of the bullion, plus VAT.” Another option is coins, which can be things of great beauty.
  • (14) Under questioning, Bernanke also said "tradition" dictated that most central banks held large quantities of gold bullion in reserve, rather than another asset such as diamonds.
  • (15) He rattled through the stories of Turing's peculiarities – burying his silver bullion and then forgetting where; chaining his mug to his radiator; cycling in his gas mask to ward off hay fever.
  • (16) Sales of Royal Mint gold bullion coins increased after they were awarded VAT-free status.
  • (17) Even so, the Mint launched Signature Gold on the bullion trading site last month, allowing customers to buy a fractional amount of a 400 oz gold bar.
  • (18) Signature video Gold Bullion Vault , in which the pair are admitted to the Bank of England's holiest of holies, which gives Poliakoff the excuse to calculate the value of his weight in gold (roughly £2.5m).
  • (19) Guy Foster, head of research at Brewin Dolphin, says gold is a curious asset: “It is supposed to be a store of value, but by conventional investment metrics it is almost valueless.” You can invest in exchange traded funds such as the SPDR Gold Trust, which tracks the spot price of gold; a gold miner such as Randgold Resources; or buy bullion or coins.
  • (20) Royal Mint launches online dealing account … in gold Read more The group said its bullion business faced “difficult global market conditions” over the past year.

Ingot


Definition:

  • (n.) That in which metal is cast; a mold.
  • (n.) A bar or wedge of steel, gold, or other malleable metal, cast in a mold; a mass of unwrought cast metal.

Example Sentences:

  • (1) Samples of alloy were cut from each group, and together with a piece from an original ingot, were mounted, polished, etched, and examined under a metallurgical microscope.
  • (2) The best processing schedule is casting small ingots while avoiding oxidation, followed by swaging, drawing, and homogenization.
  • (3) What do you take me for?’” Nanni must have been quite pissed off to spend hours carving this in clay, and I can only hope he got his ingot upgrade.
  • (4) The smoking adjusted odds ratios in relation to length of exposure showed that the risk was significantly higher among the workers exposed for over 10 years compared to those who worked for less than 10 years in the grinding, soldering and brass ingot making operations.
  • (5) Under near-equilibrium conditions, an alloy ingot containing approximately 64% Ag, 26% Sn, and 10% Au was found by X-ray diffraction to consist of large grains demonstrating the gamma (Ag-Sn) structure.
  • (6) Following results were obtained: 1) Ingot specimen of these alloys showed cytotoxicity, Silver-tin-zinc alloy, silver-tin-zinc-cadmium alloy and silver-copper alloy containing 10% or less of copper showed intense cytotoxicity initially, with diminishing cytotoxic action with time.
  • (7) They were not ones to build monuments; instead, they took weighing scales with them and ingot moulds to melt down spare ecclesiastical treasures.
  • (8) Samples of alloy were cut from each group and, together with a piece from an original ingot, were mounted, polished, etched, and examined under a metallurgical microscope in order to determine the nature and extent of the metallographic changes resulting from fusion and casting of the alloy.
  • (9) The most continuous results were achieved with a Ni-Cr-alloy whose melting temperature can be recognized since the ingots flow together when this point is reached.
  • (10) Melted ingots were lathe-comminuted to a particle size distribution of 1-45 microns.
  • (11) 2) Cast specimen of these alloys showed increasing cytotoxicity with time campared to their ingot specimen.
  • (12) Ingots of approximately 1.5 cm in diameter were sectioned to 0.2 cm in thickness and polished through standard metallographic polishing procedures.
  • (13) For the first series an average weight metal ingot was used and cast at the temperature determined by the sensing head of the casting machine.
  • (14) Evans said lower value goods had been recovered but many loose precious stones were still missing, as were “gold, platinum and other precious metal bars, ingots and coins”.
  • (15) It was written in cuneiform script in 1750BC by a bloke called Nanni who is unhappy with some copper ingots he ordered.
  • (16) He wrote: “You put ingots which were not good before my messenger and said ‘If you want to take them, take them, if you do not want to take them, go away.
  • (17) For example, Sharps Pixley sells a 1g Degussa gold bar for £40.60, or a 100g ingot for £3,290.
  • (18) Subsequently, a method was perfected for incorporating nickel or tungsten powder into the Ag3 Sn ingot.
  • (19) For the second series a larger ingot was used, whilst for the third an elevated casting temperature was employed.
  • (20) Using these efficiencies, amounts of U in some Al and Fe ingots were determined.