Allocated Bullion Exchange

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more. You can visit the forum page to see the list of forum nodes (categories/rooms) for topics.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

pmbug

Your Host
Administrator
Benefactor
Messages
15,899
Reaction score
5,478
Points
268
Location
Texas
United-States
Ancona wrote this four years ago:
Any fully allocated open exchange for precious metals will be brought down by the TBTF's because they cannot afford to have a platform allowing for true price discovery. ...

I'm just sayin'.

Come and see the violence inherent in the system!

We were alerted on Tuesday to an interesting new development in the Physical Exchange Wars. While we all patiently await the arrival of the Allocated Bullion Exchange, the LBMA has clearly cast its lot and support behind something called Allocated Bullion Solutions. If this sounds fishy to you...well, you're not the only one.

Just a refresher...Allocated Bullion Exchange is the brain child of Tom Coughlin, CEO of Bullion Capital. This new exchange, which is still coming by the way, seeks to make the paper-based LBMA obsolete in the global "price discovery" process. We first brought ABX to your attention back in 2015 and you can learn more about it here: http://www.tfmetalsreport.com/podcast/6685/making-lbma-obsolete

The process of bringing this game-changing new exchange online has been daunting and delays have frustrated all of us. However, Tom has assured me that "2016 is going to be a big year" for ABX.

With this in mind, check out what our pal Ned Naylor-Leyland discovered earlier this week. In this month's edition of "The Alchemist", the LBMA's own magazine (and what a perfect name!), you'll find a lengthy introduction of a brand new exchange that is designed to help with the "wholesale physical markets" which are "broken". The article can be found on page 3 here: http://www.lbma.org.uk/assets/blog/alchemist_articles/Alch80Complete.pdf

Did you happen to catch the name of this new exchange...the one that the LBMA is so eager to publicize? It's called "Allocated Bullion Solutions"! Yep, that's right. Allocated Bullion Solutions versus Allocated Bullion Exchange. And the similarities don't stop there.
...

More: http://www.tfmetalsreport.com/blog/7407/lbma-strikes-back
 
Is it allocated like Jon Corzine's accounts were allocated?

If you can't hold it in your hand, you don't own it. Period.
 
While I agree with you, there are a lot of non-stackers who are interested in trading gold and if the ABX offers them a vehicle to do so with greater security than other exchanges, it could be significant. Time will tell I guess.
 
Back
Top Bottom