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London Bullion Market Association

How Many Gold Bars Do London Vaults Hold

How Many Gold Bars Do London Vaults Hold

This week for the first time - in the name of "transparency" - the London Bullion Market Association unveiled that as at 31 March, 2017 there were 7,449 tonnes of gold, or 596,000 gold bars, valued at $298 billion sotred in the vaults around London as well as $19 billion in silver. Only the gold hoard at Fort Knox and among Indian households said to account for more than the LBMA's inventory, which clears just over $18 billion in gold daily.

Unveiling the Silver in the LBMA London vaults

Unveiling the Silver in the LBMA London vaults

Submitted by Ronan Manly, BullionStar.com
 
Sometime in the coming days, the London Bullion Market Association (LBMA) plans to begin reporting the amount of real physical gold and silver that is actually stored in the network of LBMA vaults in London. This follows an announcement made by the LBMA on 8 May.
 
There are 7 commercial vault operators (custodians) in the LBMA custodian vault network namely:
 

Bank of England Gold Vaults Bled 1500 Tonnes of Gold over 2013-2016 New Data Shows

Bank of England Gold Vaults Bled 1500 Tonnes of Gold over 2013-2016 New Data Shows

Submitted by Ronan Manly, BullionStar.com

An article in February on BullionStar’s website titled “A Chink of Light into London’s Gold Vaults?” discussed an upcoming development in the London Gold Market, namely that both the Bank of England (BoE) and the commercial gold vault providers in London planned to begin publishing regular data on the quantity of physical gold actually stored in their gold vaults.

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