How Does the London Bullion Market Trade?
The London Bullion market is an over the counter trade, within the market, and with other clients for trading gold and silver. The trading is carried out amongst a number of members from the (LMBA) London Bullion Market Association. The Bank of England monitors this whole activity to some extent. The traders and bankers usually include major international banks, and dealers, which include gold producers, refiners, fabricators, and traders. London is regarded as the largest global, over the counter transactions of gold, and silver as opposed to exchange market. Gold is traded in form as well as in kind, in the form of securities on the London Bullion Market. The trading activity has expanded to international centres like London, New York, Johannesburg, and Australian stock exchanges. The status of allocated and unallocated accounts affects the trading. An allocated account holder possesses special bars of gold and silver that are highly identifiable. Whereas a supply from an allocated a
