London Bullion Market Association (LBMA)

The London Bullion Market Association (LBMA) is a professional organization that oversees the global market for buying and selling gold and silver. Established in 1987, it sets standards for precious metal trading, ensuring fairness and transparency in transactions. The LBMA also oversees the Good Delivery List, which names reputable refiners whose metals meet specific quality standards. By providing a framework for trading and clear guidelines, the LBMA helps maintain trust and stability in the bullion market, benefiting investors, dealers, and institutions globally.