*Updated July 25, 2019
What is LBMA certified gold? Actually, it’s more correct to say ‘LBMA accredited’ gold.
LBMA accredited gold is of superb and tested quality and is recognized wordwide.
‘LBMA’ is an acronym and stands for the London Bullion Market Association.
Located in London and established in 1987, LBMA is an international trade association for gold and silver bullion.
LBMA clients are located all over the world and include the majority of central banks, private investors, gold and silver mining companies, producers and refineries.
Although LBMA has a wide range of responsibilities, its key responsibility is to maintain a Good Delivery List.
LBMA Good Delivery List
Good Delivery List is the list of gold and silver refineries that meet the requirements and adhere to procedures and policies set by LBMA.
LBMA keeps two such Lists: one for gold and the other for silver.
If a specific refinery is on the Good Delivery List, it means that it has acquired LBMA accreditation. Moreover, to continue to maintain a spot on the List, a refinery must meet regular testing conducted by LBMA. Otherwise that refinery gets moved to the Former List.
Because of the stringent criteria that refineries must meet in order to acquire LBMA accreditation, the quality of gold and silver of the refineries that are already on the List is unquestionable and considered to be of universal standard.
The official website of LBMA is www.lbma.org.uk.
*Bullion – bars and ingots
**Refinery – receives raw gold and removes impurities so that it can be mixed with other metals (alloyed) or used in pure form