Thursday, April 14, 2011

There's no stopping silver

Royal Canadian Mint Added To LBMA's Silver 'Good Delivery List'

14 April 2011, 11:43 a.m. By Kitco News

(Kitco News) -- The Royal Canadian Mint’s refinery has been added to the London Bullion Market Association's “Good Delivery List” effective Thursday, the LBMA says. The Mint has been on the LBMA’s gold list since around 1919. The LBMA’s “London Good Delivery List of Acceptable Refiners” of gold and silver lists those refineries whose gold and silver bars have been found, when originally tested, to meet the required standard for acceptability in the London bullion market. The list now includes 60 gold and 71 silver refiners. “The Royal Canadian Mint has satisfied the LBMA as to its production capability and financial standing,” says a press notice from the LBMA. “It has also passed the LBMA’s exhaustive testing procedures, under which its silver bars were examined and assayed by independent referees, and its own assaying capabilities were tested.”

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