The London Bullion Market Association (LBMA) is an international trade association that sets standards and ensures quality in the global market for precious metals, especially gold and silver. Founded in 1987 and based in London, the LBMA promotes responsible and transparent business practices, ensuring high levels of integrity and trust in the industry.
What does it mean for a gold bar to be LBMA?
That in the extraction process, companies must comply with the LBMA's Responsible Gold Guide, which requires the implementation of management and Risk Assessment systems to ensure traceability and transparency in the gold supply chain, allowing to prove the legal origin of the metal; and respect for international standards on human rights, environment and labor practices, ensuring that the metal does not finance conflicts or is not obtained through abusive practices. This is monitored by independent audits and the issuance of annual reports.
That the manufacturing process has been carried out by one of the LBMA accredited refiners and complies with the strictest international quality and purity standards established by this association, delivering products with 99.99 certified purity.
That the official certification process is performed by an Assayer who has been previously accredited, recognized and listed by the LBMA. These assayers are responsible for officially certifying the authenticity, quality and purity of bullion and precious metal products.
What are the advantages of an LBMA gold bar?
Internationally guaranteed purity: LBMA bars have a minimum purity of 99.99%, guaranteeing that the gold is of the highest quality.
Trust and Security: LBMA certification guarantees that the bar has been produced by a refinery with a solid reputation and good business practices, reducing the risk of fraud or counterfeiting.
Consistent quality: These bars are manufactured following rigorous international standards in terms of appearance, weight and dimensions, which ensures consistency and quality.
Liquidity: LBMA bars are recognized and accepted worldwide, which facilitates their marketing and sale in international markets without the need for further testing.
Ethical Responsibility: The LBMA certifies that the gold has been obtained in a lawful, ethical and environmentally and human rights responsible manner.
Thus, by acquiring a bar with LBMA certification, the customer is assured not only that his product meets the highest international standards of purity and quality in the market, but also that the metal used has perfect traceability from its legal and ethical origins, guaranteeing a safe and reliable investment over time and with the highest liquidity in the market, both nationally and internationally.
Felipe Muñoz Poshar
Executive Director Aurica
(+56) 2 3277 3587 / 2 3339 9360