Recruiter's Glossary

Examples: Karat • Serial Number • Market Maker

Bullion

Term from Precious Metal Trading industry explained for recruiters

Bullion refers to precious metals like gold, silver, or platinum in their pure, tradeable form - usually as bars or coins. When someone works with bullion, they deal with buying, selling, or trading these physical precious metals. This is different from trading metal futures or ETFs, which are paper-based investments. Bullion is important in the precious metals industry because it represents the actual, physical product that can be stored, transported, and used as a direct investment vehicle. The term might appear in job descriptions for roles involving physical precious metal trading, vault operations, or precious metal dealer positions.

Examples in Resumes

Managed Bullion trading desk with daily transaction volume of $10M+

Developed relationships with major Bullion suppliers and wholesale buyers

Coordinated secure transport and storage of Bullion products

Typical job title: "Bullion Traders"

Also try searching for:

Precious Metals Trader Bullion Dealer Gold Trader Precious Metals Specialist Bullion Operations Manager Precious Metals Broker Bullion Vault Manager

Where to Find Bullion Traders

Professional Networks

Industry Associations

• London Bullion Market Association
• World Gold Council
• International Precious Metals Institute

Job Boards

Example Interview Questions

Senior Level Questions

Q: How do you manage risk in large bullion transactions?

Expected Answer: Should discuss price hedging strategies, secure storage protocols, insurance requirements, and methods to verify authenticity of large bullion shipments. Should also mention experience with international trading regulations and compliance.

Q: What factors influence bullion pricing and how do you stay current?

Expected Answer: Should explain market fundamentals like supply/demand, geopolitical events, currency movements, and demonstrate knowledge of various information sources and pricing mechanisms in the bullion market.

Mid Level Questions

Q: What methods do you use to authenticate bullion products?

Expected Answer: Should be able to explain basic authentication processes including weight verification, dimensional checks, and common testing methods. Should mention experience with various bullion products and brands.

Q: Describe your experience with bullion storage and security protocols.

Expected Answer: Should discuss experience with vault operations, security measures, inventory management, and chain of custody procedures for precious metals.

Junior Level Questions

Q: What are the different types of bullion products?

Expected Answer: Should be able to describe common bullion products like bars, coins, and rounds, and explain basic differences in purity and weight measurements.

Q: How do you calculate the value of a bullion transaction?

Expected Answer: Should demonstrate understanding of spot prices, premiums, and basic calculations for determining bullion values in different weights and purities.