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<p>may cause the value of a precious metal to diminish. The status of a "precious" metal can also be determined by high <a href="page.php?w=demand">demand</a> or <a href="page.php?w=market_value">market value</a>. Precious metals in bulk form are known as bullion and are traded on international bullion markets.  Bullion metals may be cast into <a href="page.php?w=ingot">ingot</a>s or minted into <a href="page.php?w=coin">coin</a>s.  The defining attribute of bullion is that it is valued by its mass and purity rather than by a <a href="page.php?w=face_value">face value</a></p><p>
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