6 Comments

  1. Tony

    Hi,

    an interesting read about the LBMA. I have often wondered about investing in precious metals such as gold, but haven’t been sure where to start.

    Your karatgold system looks interesting and when I have some spare time might come back and check it out in more depth. What sort of minimum level of investment is there?

    • Margarita

      Hello Tony,

      If you just wish to save in gold, it is free to open a savings account with Karatbars (no monthly charges). Gold is available in 1 gram, 2.5 gram and 5 gram cards. However, if you want to get much better commissions on your own gold purchases and referrals you need to buy one of four business packages.

  2. Kevin

    Wow! I have been collecting coins for a long time and never heard of LBMA. The US started minting bullion coins in 1986, around the same time as LBMA. It’s a great idea to check on the refineries and give them accreditation based on their findings. I wonder if they have a group like that in the US?

    • Margarita

      Kevin,

      LBMA is one in its kind. However, it approves gold refineries, mint companies and the like all over the world. For example, Republic Metals Corporation, the US-based company specializing in refining and minting has LBMA accreditation. It depends where your coins are coming from. There is chance that they might be LBMA accredited!

  3. Marcus

    This is great information. I have been investing in gold for a very long time and I always go after LBMA accredited refineries.

    You directly know that the gold will keep a high standard.

    I have also heard that once you want to sell your gold it’s an easier task because you already have the LBMA stamp. People trust it more. What do you think about that?

    • Margarita

      Thanks for reading the post, Marcus. Of course. I think LBMA is there in the first place to do all the testing so that it doesn’t have to be done by a wholesaler, distributor or consumer. That’s why refineries apply for LBMA accreditation, it puts them ahead of their competitors if they have this mark of quality done and ready. But you should know better if you have been investing for a long time!

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