The London Bullion Market Association (LBMA) is an international trade association that sets standards and ensures quality in the global precious metals market, particularly 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 sector.
What does it mean for a gold bar to be LBMA?
It means 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 the metal's legal origin to be verified; and compliance with international standards on human rights, the environment, and labor practices, ensuring that the metal does not finance conflicts or is obtained through abusive practices. This is supervised by independent audits and the issuance of annual reports.
That the manufacturing process has been carried out by one of the refiners accredited by the LBMA and complies with the strictest international standards of quality and purity established by this association, delivering products with 99.99% certified purity.
That the official certification process is carried out by an Assayer who has been accredited, recognized, and previously listed by the LBMA. These assayers are responsible for officially certifying the authenticity, quality, and purity of precious metal bars and products.
What are the advantages of an LBMA gold bar?
Internationally guaranteed purity: LBMA bars have a minimum purity of 99.99%, ensuring 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 to rigorous international standards in terms of appearance, weight, and dimensions, ensuring consistency and quality.
Liquidity: LBMA bars are recognized and accepted worldwide, facilitating their marketing and sale on 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, when purchasing an LBMA-certified bar, the customer is assured not only that their product meets the highest international standards of purity and quality on the market, but also that the metal used is fully traceable from its lawful and ethical origins, guaranteeing a safe and reliable investment over time and with the highest liquidity on the market, both nationally and internationally.
Felipe Muñoz Poshar
Executive Director Aurica
(+56) 2 3277 3587 / 2 3339 9360