LBMA: What the Standard Means for Gold and Silver

The LBMA is the world's largest over-the-counter market for physical gold (Pexels)

What does LBMA actually stand for, and what does this standard mean for gold and silver? In this article, we explore what LBMA-certified precious metals are, what requirements the LBMA standard imposes on precious metal manufacturers, and why this is good news for our customers.

In short: LBMA stands for London Bullion Market Association. Manufacturers who want to trade their gold bars on the LBMA must comply with its strict standards — only then are they considered LBMA-certified. Gold bars must have a minimum purity of 995 parts per thousand (.995), while silver bars must have a purity of at least 999 parts per thousand (.999).