LBMA to publish Precious Metal holdings in London vaults
By GCRU Gold News on Tuesday, May 9 2017, 02:06 - Permalink
The LBMA and the LPMCL are delighted to announce that from summer 2017 the LBMA will be publishing the gold and silver physical precious metals holdings of the London vaults, with the platinum and palladium holdings to be published at a later date.
The data only includes physical metal held within the London environs and does not include precious metals physical holdings readily available at short notice in other secure overseas vaulting facilities.
Publication of aggregate physical holdings is the first step in reporting for the London Precious Metals Market. The next step is Trade Reporting. The collection of trade data will add transparency to the market and provide gross turnover for the Loco London market. Previously gross turnover had been calculated from one-off surveys or estimated from the clearing statistics.