ABC Refinery and Pallion provide assurance for consumers by using responsible sourcing and sustainability practices.
Palloys, the jewellery manufacturing and supply division of Pallion, recently attained certification from the Responsible Jewellery Council (RJC), the foremost standard setting and certification organisation in the world for the international jewellery industry.
When buying gold how do you know which brands to trust? How can you ensure you don’t get short changed on weight or purity?
Last month, Jordan Eliseo discussed the London Bullion Market Association (LBMA) accreditation process. While the LBMA’s “good delivery” only covers 400oz bars which would be out of the reach of most investors, accreditation ensures that the refining and bar manufacturing processes of an accredited company is of the highest standard. As a result, investors trust that any of the smaller bars produced by LBMA refineries will be of the stated weight and purity. A list of accredited refineries can be found on the LBMA’s website here.
Despite the fact it is produced around the world, and purchased by a diverse range of investors all over the globe, trading in the wholesale physical gold market is still centered in London.
The London Bullion Market Association (LBMA) is an international trade association, representing the London market for gold and silver bullion. It was set up in 1987 by the Bank of England (BoE), which was the bullion market regulator at the time.