Reuters/Peter Hobson/3-7-2022
“The London Bullion Market Association (LBMA) said on Monday it had suspended its accreditation of six Russian precious metals refiners, meaning they will no longer be able to sell gold and silver in the London market, the world’s largest.”
USAGOLD note: The net market effect from the LBMA ban is likely to be minimal, at least for the immediate future, in that Russia has already decided to keep most of its gold production within its border anyway.
