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London Bullion Market |
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London Bullion MarketA two way market place in which investors can sell or buy both gold and silver. Market makers mainly quote prices in US dollars per troy ounce for spot and forward delivery. Forward prices and options quoted by market makers enable producers and industrial consumers to hedge their future commitments and provide access for investors and speculators.Similar MatchesGold bullionGold bullionInvestment-grade, pure gold, which may be smelted into gold coins or gold bars. BullionBullionGold or silver in the form of ingots for bulk use. Bullion coinsBullion coinsMetal coins consisting of gold, silver, platinum, or palladium that are actively traded. Some examples include the American eagle and the Canadian maple leaf. Their price is directly connected to the underlying price of their metal. Bullion coinsBullion coinsCoins made from gold or silver. They can be easily traded. London Bullion Market AssociationLondon Bullion Market AssociationAn association which represents the interests of the participants of the London Bullion Market. One of its primary tasks is to ensure that refiners of gold and silver meet the required standards of quality before their inclusion in the Market's Good Delivery lists. The Association maintains close links with the Bank of England, the latter being responsible for the supervision of the most active members of the market and for publishing the Code of Conduct. |
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