a mass of precious metal
"The investor melted down his old jewelry to sell the raw bullion at today's high prices."
gold or silver in bars or ingots
"The dealer offered a steep discount if we bought our savings directly from him as bullion rather than paper coins."
A bulk quantity of precious metal, usually gold or silver, assessed by weight and typically cast as ingots.
"The dealer offered a steep discount for selling his entire stockpile of raw bullion in the form of heavy silver ingots."
A surname.
"The local history club is preparing a presentation on the life of Mr. Bullion, who served as their first president for twenty years."