List | Mennica | Metal Market Europe

LBMA accreditation - facts, not myths

Today we’ll try to answer some sectoral interesting questions: How can a mint/refinery get LBMA accreditation? What weight does it carry? What does it even mean? How is accreditation different from LBMA membership? Is it applicable into smaller products? And should mints/refiners without such are to be treated.... Different?

Why have Chinese banks disappeared from the LBMA Gold Price Auction?

On 24th October 2023 precious metals analyst – Mr Ronan Manly – noticed that Chinese banks directly participating in LBMA Gold Price Auctions have disappeared of the list. This has not been commented in any way by LBMA and related authorities and for now reminds under shroud of mystery. As for now, this didn’t get sufficient media coverage. Also interested counterparts didn’t release any official statement. So in attempt to understand what happened, we’ll try to examine information and attempt to set it within wider background. Analysis may contain some speculative conclusions.

Perth mint accused of selling counterfeit gold bars

On March 6, 2023, The Perth Mint was accused by the Australian Broadcasting Corporation (ABC) of selling counterfeit gold bars to its largest customer, Shanghai Gold Exchange (SGE).