Monday, December 31, 2007

LBMA's Integrity in Question

http://www.lbma.org.uk/Deep_Storage_Bars_20060609.pdf

> Most of these bars will still be acceptable in the London bullion
> market, even if they are not fully compliant with the LBMA’s current Good Delivery Rules,

...

> However, some of these “deep storage” bars may no longer be regarded as acceptable, either
> because of physical defects or poor marking.

What are "deep storage" bars?

The phrase is not in their definitions list:
http://www.lbma.org.uk/london_glossary.html

Be your own banker. Keep value in your own hands.

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