A mass of precious metal can be referred to as BULLION (7 letters), INGOT (5 letters), GOLD (4 letters) or CARAT (5 letters). BULLION is a term used to describe a large quantity of coins, bars, or other forms of currency made from a precious metal such as GOLD or silver. An INGOT is a block of metal that has been cast into a specific shape for storage and transportation. GOLD is a precious metal that is often used to make jewelry, coins, and other items. CARAT is a unit of measurement used to measure the purity of GOLD.