Bullion is a term used to describe any product produced from a precious metal whose value is determined almost exclusively by its precious metal content. Bullion is priced in conjunction with current market ”spot” value plus a premium for fabrication and shipping costs.
As with anything in life, diversification is always important. A good mixture of gold, silver, platinum and other metals in your portfolio will help reduce your risk. Many prominent analysts are currently saying that you should be overweighted in silver. That depends on your time horizon and risk tolerance.
Most precious metals are exempt from GST / HST. Precious metals are defined as bars, ingots, coins or wafers of gold, silver or platinum, refined to a minimum purity of 99.50% in the case of gold and platinum, and 99.9% in the case of silver. Gold, silver and platinum products are exempt from HST/GST. Palladium products are subject to HST/GST.