When it comes to investing in physical gold, one of the most important considerations is the quality and purity of the gold you're buying. That's where the concept of the "good delivery standard" comes in. The good delivery standard is a set of specifications established by the London Bullion Market Association (LBMA) that ensures the quality and purity of gold and silver bars that are traded on the international market. Essentially, the good delivery standard provides a common set of standards that all market participants can rely on.
To be considered "good delivery," a gold or silver bar must meet certain criteria, including minimum weight and dimensions, purity levels, and other requirements related to the production and handling of the bars. These standards help ensure that the bars are of a consistent quality and are readily tradable on the international market.
For investors, it helps ensure that the gold they are buying is of a high quality and purity. By choosing to buy gold bars that meet the good delivery standard, investors can be sure that they are investing in high-quality gold that is likely to hold its value over time.
To be considered "good delivery," a gold or silver bar must meet certain criteria, including minimum weight and dimensions, purity levels, and other requirements related to the production and handling of the bars. These standards help ensure that the bars are of a consistent quality and are readily tradable on the international market.
For investors, it helps ensure that the gold they are buying is of a high quality and purity. By choosing to buy gold bars that meet the good delivery standard, investors can be sure that they are investing in high-quality gold that is likely to hold its value over time.