Etymology
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bullion (n.)

mid-14c., "uncoined gold or silver," from Anglo-French bullion, Old French billon "bar of precious metal," also "place where coins are made, mint," from Old French bille "stick, block of wood" (see billiards), influenced by Old French boillir "to boil," from Latin bullire "boil" (see boil (v.)), through the notion of "melting."

updated on August 26, 2017

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Definitions of bullion from WordNet

bullion (n.)
a mass of precious metal;
bullion (n.)
gold or silver in bars or ingots;
From wordnet.princeton.edu, not affiliated with etymonline.