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IPFS News Link • Gold and Silver

In Delusional Push, LBMA Threatens to Blacklist Entire Gold Trading Centers

• https://www.zerohedge.com by Ronan Manly

...recommendations covering gold sourcing and supply chains, the elimination of cash transactions, and the support for artisanal and small scale mining (ASM).

These recommendations, which have no legal standing, attempt to coerce the bullion markets into examining and verifying the supply chains of gold, while forcing co-operation with regional and international organizations.

The LBMA letter, dated 6 November, is addressed to national authorities in the following major bullion markets, markets which the LBMA refers to as International Bullion Centres (IBCs): China, Hong Kong, India, Russia, Japan, Singapore, Turkey, United Arab Emirates, South Africa, Switzerland, the United States, and the United Kingdom.


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