LBMA sets the stringent criteria that enable the global trade in gold and silver bars. The de facto standard that is trusted across the world.
The world’s trade in bullion is based in London with a global membership and client base. The first gold rush of 1697 brought gold from Brazil into London, with the subsequent setting up of a purpose built vault by the Bank of England. Further gold rushes followed in California, Australia and South Africa which added to the stocks of gold in London.
Refineries were set up to process this gold and were typically located close to the Bank of England. In 1750 the Bank of England set up the London Good Delivery List for gold, which formally recognised those refineries who produced gold bars to the required standard. Today, the LBMA own and manage the Good Delivery Lists for both gold (and silver).
The benchmark standards of what's an acceptable large gold or silver bar.Read More
GD gold and silver bar specifications. GDL Application Process. Other procedures.Read More
Lists those refiners whose gold and silver bars meet our standards.Read More
Guidance for refiners on implementation and compliance.Read More
LBMA sell Certified Reference Materials to calibrate assaying equipment.Read More
Three-yearly compulsory monitoring of bar quality for GD refiners.Read More
Voluntary annual scheme providing external quality control data for GDL refiners.Read More
The LBMA Visual Guide has now been launched.Visit Site
More information about the market, the LBMA and Good Delivery.Read More