Alchemist 68 is available online.    Read More

Even with an uncertain global economic recovery, China’s gold market remains resilient and promising, as Albert Cheng, Managing Director, Far East, World Gold Council, reports.   Read More

To mark the silver anniversary of the LBMA, the very first chairman, Robert Guy, looks back with affection at the events which led to the formation of the LBMA in 1987.   Read More

Malca-Amit became a member of the LBMA in March 2012 and shortly afterwards completed the building of a new vault facility close to Heathrow airport. Stuart Playford, Emma Attridge and Aelred Connelly from the LBMA visited the facility recently. Here Aelred describes their visit.  Read More

Dr Brian Lucey, Charles Larkin and Fergal O’Connor consider a number of key questions about trading activity in the gold market. They present an academic perspective to questions such as where is the gold market price made, whether one market location has a predominant influence on the others and whether the pricemaking process is diffused.  Read More

Gold has no use according to many. But then gold is not really a commodity at all. While it is included in the commodities basket it is in fact a medium of exchange and one that is officially recognised (if not publicly used as such). In this article Daniel explains that he would go further, and argue that gold in fact could be characterised as ‘good’ money as opposed to ‘bad’ money which would be represented by many of today’s fiat currencies. In describing gold as such he refers to Gresham’s Law – when a government overvalues one type of money and undervalues another, the undervalued money (good) will leave the country or disappear from circulation into hoards, while the overvalued money (bad) will flood into circulation.  Read More

The London Bullion Market Association (LBMA) was established at the behest of the Bank of England as a result of developments in the London financial markets that culminated with Big Bang in 1986 and the subsequent regulatory changes, which led to the Bank of England assuming formal supervision of the bullion market.   Read More