Consider the following statements regarding the use of bullion:
1) Bullion can be used for investment purposes as a hedge against inflation.
2) Bullion can be used for making jewelry.
3) Bullion has no industrial usage.
Which of the statements given above is/are correct?
Statement 1 is correct as bullion is often used for investment purposes, particularly as a hedge against inflation. Statement 2 is correct as bullion can be used for a variety of purposes, including investment, industrial uses, and making coins, among others. Hence, statement 3 is incorrect.
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