Wonder girl blog

London is an internationally interesting place for doing business of different kind. In this city we can find the London Bullion Market Association, which is the trade association that represents the wholesale gold and silver bullion market. The ongoing work of the Association encompasses many areas, among them refining standards, trading documentation and the fostering of good trading practices. Among many member of this association we can find Australia & New Zealand Banking Group Ltd, Credit Suisse or Commerzbank International SA Luxembourg. This functions as the international Over-the-Counter market for gold and silver, with a client base that includes the majority of the central banks that hold gold, plus producers, refiners, fabricators and other traders throughout the world. Members of the London bullion market typically trade with each other and with their clients on a principal-to-principal basis, which means that all risks, including those of credit, are between the two counterparts to a transaction. The London bullion market is a wholesale market, where minimum traded amounts for clients are generally 1,000 ounces of gold and 50,000 ounces of silver.