LBMA Threatens to Blacklist Entire Gold Trading Centres??????????

Discussion in 'General Precious Metals Discussion' started by sctpc, Nov 27, 2020.

  1. sctpc

    sctpc Active Member

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    In a startling overstep of its remit, the bullion bank consortium, the London Bullion Market Association (LBMA), under cover of the OECD and a group of NGOs, has just launched a campaign against the independence of gold trading centres around the world, threatening to blacklist any market which fails to follow an LBMA set of recommendations about gold sourcing.

    The attack is mainly aimed at Dubai, and has already received ferocious backlash in the UAE and in India. Coming from an association whose most powerful banking members such as JP Morgan and Chase and Scotia have recently been prosecuted for precious metals price manipulation, this latest salvo from the LBMA reeks of hypocrisy and double standards.

    Thoughts?
    Reference: https://www.bullionstar.com/blogs/r...ens-to-blacklist-entire-gold-trading-centres/
     
    66rounds likes this.
  2. alor

    alor Well-Known Member Silver Stacker

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  3. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Talk about shooting yourself in the foot!
     
  4. alor

    alor Well-Known Member Silver Stacker

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    its about digital trading ver kilo trading
     

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