International Gold Traders Hallmark
The international gold trade is a complex and highly regulated industry. To ensure the quality and authenticity of gold bars and coins, a number of organizations have established hallmarks. These hallmarks provide a guarantee of the gold’s purity and weight, and they are essential for traders who want to buy and sell gold with confidence.
One of the most well-known gold hallmarks is the London Bullion Market Association (LBMA) Good Delivery Standard. This standard sets out the minimum requirements for gold bars that can be traded on the London Bullion Market, which is the world’s largest gold trading center. LBMA Good Delivery bars must be at least 99.5% pure gold and weigh between 100 ounces and 400 ounces.
Other well-known gold hallmarks include the Swiss Association of Precious Metals (SAMP), the Dubai Multi Commodities Centre (DMCC), and the Chinese Gold and Silver Exchange Society (CGSE). These organizations all have their own standards for gold bars and coins, but they are all based on the same principles of purity and weight.
When buying or selling gold, it is important to look for bars and coins that bear a recognized hallmark. This will ensure that you are getting what you pay for and that your gold is of the highest quality.
Benefits of buying gold with a hallmark:
* Ensures the gold’s purity and weight
* Provides a guarantee of quality
* Makes it easier to buy and sell gold
* Protects against fraud
How to identify a genuine hallmark:
* Look for a recognizable logo or symbol
* Check the weight of the gold bar or coin
* Look for the purity stamp (e.g. “999.9”)
* Ask the seller for a certificate of authenticity
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