HG Gold Bullion

HG Gold Bullion The HG Gold Bullion is dealing with precious metals.

Market Updates
09/04/2023

Market Updates


25/12/2022

Wishing all my dear friends a magical and a blessed Merry Christmas. God is love ❤️

PEACE TO THE WORLD
https://youtu.be/RkRpVpZIkoM


This first issuance of a stand-alone Global Precious Metals Code represents an important step in market development. The...
24/04/2022

This first issuance of a stand-alone Global Precious Metals Code represents an important step in market development. The Code sets out the standards and best practice expected from participants in the global Over the Counter (OTC) wholesale market for Precious Metals.

The standards and best practice expected from market participants in the global over-the-counter wholesale precious metals market

24/04/2022

To be accredited to the Good Delivery List, refiners must undergo stringent checks. LBMA is unlikely to regard your application for listing favourably unless you have:

Been in existence for at least five years and been refining the metal for which you are applying for Good Delivery status for not less than three years
An established annual refining production (which need not be in the form of standard bars) of not less than 10 tonnes for gold, or not less than 50 tonnes for silver
A tangible net worth of not less than the equivalent of £15 million
Ownership, financial standing and reputation that would satisfy the Due Diligence tests practised in the Loco London Market.
The applicant must implement LBMA’s Responsible Sourcing Programme and pass an independent audit prior to admission to the Good Delivery List.

LBMA and WGC launch Gold Bar Integrity Programme.London Bullion Market Association (LBMA) and the World Gold Council (WG...
24/04/2022

LBMA and WGC launch Gold Bar Integrity Programme.

London Bullion Market Association (LBMA) and the World Gold Council (WGC) are collaborating to develop and implement an international system of gold bar integrity, chain of custody and provenance. Over time, this will help consumers, investors, and market participants to trust that their gold is genuine and has been responsibly and sustainably sourced.

To deliver this industry-wide and ground-breaking development for the market, LBMA and WGC have brought together representatives from the global gold supply chain to launch a pilot phase of the project.

This initial phase will see two distributed ledger companies (aXedras and Peer Ledger) demonstrate how their technology can best deliver a global ecosystem that will create an immutable record of a gold bar’s place of origin and chain of custody. This blockchain-backed ledger will register and track bars, capturing the provenance and full transaction history.

Over time, the plan is to encourage all major participants in the gold industry to adopt this technology, and add to the global ecosystem, so that all gold bars are registered and tracked across the entire supply journey from mine to vault, and ultimately to end consumers such as jewellery manufacturers. This will effectively digitise the global supply chain of gold bars.

The Gold Bar Integrity Programme supports greater industry alignment to ensure the future growth of the international gold market.

London Bullion Market Association (LBMA) and the World Gold Council (WGC) are collaborating to develop and implement an international system of gold bar integrity, chain of custody and provenance.

24/04/2022

LBMA - PRESS RELEASE IN APRIL.2022

For the first time in history, LBMA Trade Data makes it possible for market participants to gauge the size and shape of ...
24/04/2022

For the first time in history, LBMA Trade Data makes it possible for market participants to gauge the size and shape of the London OTC precious metals market, the oldest and biggest financial market for gold in the world.

LBMA Trade Data (formerly LBMA-i) provides a comprehensive view of the precious metals markets, allowing subscribers to make informed, cross-asset investment decisions. The service is provided and managed by Nasdaq, using daily market data reported electronically by LBMA members.
By enhancing the transparency, LBMA Trade Data is assisting the forward market and helping market participants better understand gross turnover and liquidity in loco London and Zurich.

For the first time in history, LBMA Trade Data makes it possible for market participants to gauge the size and shape of the London OTC precious metals market, the oldest and biggest financial market for gold in the world.

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