The London Bullion Market Association (LBMA)

The London Bullion Market Association (LBMA) is an international trade organization that oversees the global gold and silver markets based in London. It sets standards for refining, trading, and clearing precious metals to ensure transparency, quality, and trust among participants. The LBMA's Good Delivery List certifies suppliers and refiners that produce high-quality metals acceptable worldwide. By establishing these standards, the LBMA helps facilitate efficient and reliable trading of gold and silver on the international stage, providing confidence to investors, traders, and institutions in the integrity of these markets.