Bullion traditionally stands for gold bars, silver bars, other precious metals bars or ingots. The word bullion reportedly originates from Claude de Bullion (13 October 1569 – 22 December 1640), who was a French aristocrat and politician who served as a Minister of Finance under Louis XIII from 1632 to 1640. An alternate theory suggests that it comes from the old French word bouillon, which meant "boiling" and was the term for a mint or melting house.
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