LBMA wants to revive London based futures trading (again)

[pmbug]

The new chair of the London Bullion Market Association has called for the revival of gold futures trading in the UK, despite the failure of earlier attempts to establish a derivatives contract in the world’s $35tn-a-year physical gold trading capital.

Peter Zoellner, whose association represents bullion trading banks, said previous efforts to launch gold futures contracts in London had come too soon but added that the global gold market would benefit from having “two or three places with decent liquidity”.
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https://archive.ph/2025.10.22-044134/https://www.ft.com/content/1722102c-29dd-4173-9981-daa322ddb124

Decent liquidity? Lolololol....

Bank of England delaying gold deliveries 4 to 8 weeks

Jan 29, 2025

Well it looks like this certainly is something. Perhaps Just the Threat of a tariff has drained the LBMA of GOLD no less. I can't imagine what is going on in Silver then.

• Voodoo
• Replies: 110
• Forum: Gold Bug

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[pmbug]

"Peter Zoellner, whose association represents bullion trading banks, said previous efforts to launch gold futures contracts in London had come too soon but added that the global gold market would benefit from having “two or three places with decent liquidity”." (souce linked below)

Lol. This from the group that was T+60 on gold delivery back in Jan-Feb as they couldn't borrow gold fast enough from the Bank of England because gold was heavy and they only had one lorry in the bullion yard.

"Zoellner also defended the gold market against accusations that it is archaic, saying the market valued safety and trustworthiness above convenience."

Lol. You must have 5 years of stand up comedy experience to be hired at the LBMA. (see evidence below)

"The World Gold Council recently told the Financial Times it is seeking to launch a digital form of gold, a move that could revolutionise the London physical market."

I knew my April Fools joke (reposted below) would make an impact.

 

[Voodoo]

We NEED MOAR PAPER.... prices aren't cooperating anymore.