Gold Bar Integrity Program
The World Gold Council (WGC) and the London Bullion Market Association (LBMA) are working on a gold bullion program.
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The goal is an international system that ensures the authenticity of the bars and their origin from sustainable and responsible sources. The bars are to be registered in terms of place of origin, place of storage and transaction chain. This serves the confidence of investors, consumers and all market participants. And this trust is important for the international trade in physical gold, and it also strengthens the gold industry. In this transparent market, the global supply chain will be effectively digitized.
The most important trading place outside the stock exchange for gold and silver is the London Bullion Market in London. The world market price for gold and silver is determined there. The LBMA is responsible for trading. The idea of the integrity program appeals because investors and consumers want to know that their gold was produced sustainably. This could also lead to higher demand for gold. Because of the certification, which is done by the LMBA, it ensures that bullion will be accepted internationally. This is because it provides customers with the assurance that the bars were made according to strict and international specifications. The World Gold Council was founded in 1987 by committed companies from the gold mining industry.
Investors not only like physical gold, but also some stocks of gold companies belong in an equity portfolio. One could think of CanaGold Resources or Condor Gold, for example.
CanaGold Resources - https://www.youtube.com/watch?v=PfAQqs2iYPM - owns the prospective New Polaris project in British Columbia, which scores with excellent drilling results. Further projects are available.
Condor Gold - https://www.youtube.com/watch?v=ldQ7L_a1Dfo - is active in Nicaragua. The La India gold project (100 percent) also has very good drilling results and is fully permitted.
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