Ensuring the gold is good

The London Bullion Market Association - or LBMA - has an internationally recognised "good delivery" system in place that allows gold buyers to be sure their gold bars are pure. As part of its commitment to safety and security, Pecunix will only accept bars refined under LBMA rules.

A very basic summary of the system would be:

• The gold to be added to the system goes to an approved refiner
  
• The gold is refined, assayed into a certified good delivery bar, hallmarked and branded, then transported by the refiner to an internationally approved vault.
  
  

If at any time the gold leaves the LBMA-approved good delivery system, it must go back to "square 1" - to an approved refiner and so on as above - and the process started all over again.

For full details on the LBMA "good delivery" system, go to
www.lbma.org.uk and follow the "good delivery" link.