London Bullion Market Association

The London Bullion Market Association (LBMA) is an industry organization that sets standards and promotes transparency in the global trade of precious metals like gold and silver. It facilitates a secure and efficient marketplace by providing guidelines for quality, trading practices, and settlement processes. The LBMA also certifies the reputation of bullion bars through its Good Delivery List, ensuring traders and investors can trust the authenticity and purity of the metals they buy and sell. Essentially, it acts as a governing body that helps maintain integrity and confidence in the international precious metals market.