What is the London Bullion Market (LBMA) System?

Wholesale over-the-counter market for trading gold and silver. The association is made up of refiners, producers, miners, fabricators, and depositories. The association sets standards on how precious metals are refined and traded globally. Was formed after the influx of gold into Europe in the 17th century.

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See Also…

COMEX, Fineness, Depository, Assay

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