The LBMA and Recognized Bullion<\/h2>\n<\/pre>\nRecognized bullion refers to high-purity gold, silver, platinum, or palladium products (coins, bars or ingots)\u00a0 that are widely accepted by precious metals dealers and investors across the globe. Before beginning to understand the criteria that generally must be met to be considered in this category, we must first speak briefly about the London Bullion Market Associate (LBMA).<\/p>\n
The LBMA is the international independent authority for the global precious metals market. Established in 1987 by the Bank of England, its primary functions revolve around setting industry standards for trading and refining. These include:<\/p>\n
\n- The Responsible Sourcing Programme, which demands that refiners follow strict guidelines to combat money laundering, terrorist financing and human rights abuses.<\/li>\n
- The Good Delivery List, which sets the standards for the quality, purity, weight and physical appearance of gold and silver bars. Refiners who meet these strict criteria may be included on this list.<\/li>\n
- The Global Precious Metals Code is a set of principles that demands high standards surrounding ethical behaviour and conduct in the global precious metals market.<\/li>\n
- Price Benchmarking: providing the global standard for precious metal values, the LBMA Gold Price and Silver Price are determined twice a day, at 10:30 AM and 3:00 PM BST.<\/li>\n<\/ul>\n
Once refiners have met the high standards of criteria for the Good Delivery List, their products are able to be freely traded between market institutions. THE LBMA conducts annual checks to ensure refiners are continuing to meet their expectations and maintain their standing on the Good Delivery List.<\/p>\n
The physical characteristics of recognized bullion primarily require a stamp showing the weight (e.g. 1 oz, 1 kg, 50 oz.) high purity (.999, 0.9999, etc) and mint or refiner mark (RCM, PAMP Suisse, Valcambi, etc.); a unique serial number is usually required for bars.<\/p>\n
Because these items are from well-known sources, they are highly liquid. We can often resell recognized bullion quickly to other investors, allowing us to offer higher payouts closer to the live market “spot” price.<\/p>\n
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![\"Variety](\"https:\/\/mississaugagold.com\/wp-content\/uploads\/2026\/05\/variety-of-gold-and-silver-coins-and-bars.jpg\")
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What is Unrecognized Bullion?<\/h2>\n<\/pre>\nUnrecognized bullion includes precious metal items that do not fit into the categories above, and generally include:<\/p>\n
Recognized bullion refers to high-purity gold, silver, platinum, or palladium products (coins, bars or ingots)\u00a0 that are widely accepted by precious metals dealers and investors across the globe. Before beginning to understand the criteria that generally must be met to be considered in this category, we must first speak briefly about the London Bullion Market Associate (LBMA).<\/p>\n
The LBMA is the international independent authority for the global precious metals market. Established in 1987 by the Bank of England, its primary functions revolve around setting industry standards for trading and refining. These include:<\/p>\n
Once refiners have met the high standards of criteria for the Good Delivery List, their products are able to be freely traded between market institutions. THE LBMA conducts annual checks to ensure refiners are continuing to meet their expectations and maintain their standing on the Good Delivery List.<\/p>\n
The physical characteristics of recognized bullion primarily require a stamp showing the weight (e.g. 1 oz, 1 kg, 50 oz.) high purity (.999, 0.9999, etc) and mint or refiner mark (RCM, PAMP Suisse, Valcambi, etc.); a unique serial number is usually required for bars.<\/p>\n
Because these items are from well-known sources, they are highly liquid. We can often resell recognized bullion quickly to other investors, allowing us to offer higher payouts closer to the live market “spot” price.<\/p>\n
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What is Unrecognized Bullion?<\/h2>\n<\/pre>\nUnrecognized bullion includes precious metal items that do not fit into the categories above, and generally include:<\/p>\n
Unrecognized bullion includes precious metal items that do not fit into the categories above, and generally include:<\/p>\n
![\"The](\"https:\/\/mississaugagold.com\/wp-content\/uploads\/2026\/05\/the-royal-canadian-mint-1-gram-maplegram-gold-coins.png\")
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