Definition ∞ Bullion trading involves the buying and selling of physical precious metals, primarily gold and silver, in bulk form. These metals are typically held as bars, ingots, or coins, valued by their mass and purity. It serves as a traditional asset class for wealth preservation and speculation, often viewed as a safe-haven asset during economic uncertainty.
Context ∞ While traditionally separate, the world of bullion trading increasingly intersects with digital assets through tokenized gold and silver. These digital representations aim to offer the benefits of physical precious metals with the liquidity and divisibility of cryptocurrencies. Market participants assess how digital bullion products address issues of storage, authenticity, and transaction efficiency compared to conventional physical holdings.