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As investment
The specifications of bullion are often regulated by market bodies or legislation. In the European Union, the minimum purity for gold bullion, which is treated as investment gold with regards to taxation, is 99.5% for gold bullion bars and 90% for bullion coins.
There may be several reasons that investors choose to purchase physical gold bullion; to attempt to hedge against currency risks, inflation risks, geopolitical risks, or to add diversification to an investment portfolio.
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