Gold

Bullion Coins
Bullion coins are coins composed of precious metals such as gold, silver, or platinum. They have intrinsic value as bullion and trade based on their metal content rather than rarity or historic value.
Inflation Hedge
An investment designed to protect against the loss of purchasing power resulting from inflation, allowing investors to maintain the value of their money over time.
Precious Metals
Precious metals such as gold, silver, platinum, and palladium are highly valued for their intrinsic value, role in backing world currencies, aesthetic appeal, and industrial applications. Their prices are influenced by supply and demand, political and economic considerations, and global events.
Tangible Asset
A Tangible Asset is any asset with physical existence, such as real estate, gold, or machinery.
Troy Weight
Troy weight is a system of measurement used mainly for determining the weight of precious metals and gemstones.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.