ABC Bullion Achieves Full Membership of LBMA

25 May 2017

ABC Bullion cements leadership position in global bullion market with full LBMA membership
ABC Bullion, the bullion trading and distribution division of the Pallion Group, today announces that it has been accredited as a Full Member of the prestigious London Bullion Market Association (LBMA), following a rigorous application process.

ABC Bullion is now the only independent bullion dealer in Australia to have full LBMA membership. The Company joins an illustrious list of just 68 full members globally, including Credit Suisse, Glencore International and the Royal Bank of Canada.

Achieving full membership of the LBMA is a significant acknowledgement of ABC Bullion’s position in the global precious metals market. Granting of full membership follows ABC Refinery’s appointment to the LBMA’s Good Delivery list for gold in December 2015, making it the first independent refinery in Australia to be appointed.

Pallion CEO Andrew Cochineas commented: “This is an important validation for ABC Bullion, as full membership to the LBMA is international recognition of our commitment to upholding the highest standards within the industry and highlights the Pallion Group’s commitment to excellence in the precious metal industry. We are delighted to be admitted into this membership, and look forward to working alongside other leading players from around the world."

“Achieving the highest level of membership from the LBMA cements our position as Australasia’s most trusted brand in the investment bullion space.”

A thorough approval process precedes membership of the LBMA, and potential members require three existing LBMA members as sponsors, with whom they have had a bullion-based trading relationship for at least one year. ABC Bullion will now have full voting rights on all LBMA matters.

For further information, please contact:

Fowlstone Communications
Geoff Fowlstone geoff.@fowlstone.com.au
P: +61 413 746 949
Joanne Starr
joanne.@fowlstone.com.au
P: +61 416 835 301
 

About ABC Bullion

 
Trading continuously since 1972, ABC Bullion is Australasia’s largest independent bullion dealer. Our brand of precious metal is widely regarded as one of the cornerstones of the Australian physical gold trading system.

Through its network of offices and dealers in Australia and Hong Kong (SAR), ABC Bullion provides the following services:

§  Bullion Sales, Trading and Buy Backs
§  Fully insured Bullion Storage
§  Pool Allocated Precious Metals
§  Bullion for Self Managed Superannuation Fund (SMSF) investment
§  The ABC Bullion Gold Saver, Australia's first fully automated bullion savings plan
§  Logistic Solutions for Global Delivery

ABC Bullion is a full member of the London Bullion Market Association (LBMA), testament to our market leading position as the premier bullion company in Australia. All ABC Bullion products are proudly produced by ABC Refinery. ABC Refinery is associate member of the Gold Industry Group, and has been involved in the refining and processing of precious metals in Australia since 1978. ABC Refinery is the only independent LBMA accredited gold refinery in Australia.

To find out more about how ABC Bullion can assist with your bullion investment needs, please call us on 1300 361 261. Our highly experienced and expert staff can offer you assistance with all aspects of your precious metal investment, from your very first purchase, to high-security storage and insurance solutions. Whether you’re new to bullion investment or you already have an account with us, our specialist team are here to assist you throughout your transaction, from start to finish. 

ABC Bullion is a Pallion company.
 

About LBMA 



The LBMA comprises and represents the key players and their clients in the bullion market, which is centred in London but which has an international footprint. 
The current membership of the LBMA includes more than 140 companies including refiners, fabricators, traders as well as those providing storage and secure carrier services. We represent these members, and through our maintenance of and publication of the Good Delivery List, set the benchmark for gold and silver metal bars across the world.