Home2021-05-06T09:47:59-04:00
  • Ottawa Bullion
  • Ottawa Bullion
  • Ottawa Bullion
  • Ottawa Bullion

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1205, 2021

Ronan Manly: LBMA admits its boast of record silver hoard was false

In a shocking retraction, the bullion bank dominated London Bullion Market Association (LBMA) has just announced that it has been overstating LBMA silver vault holdings by a massive 3,300 tonnes of silver. This overstatement relates to the total quantity of physical silver bars that the LBMA claimed were being held in LBMA vaults in London as of end of March 2021. These LBMA vaults in London are operated by three banks, namely the infamous JP Morgan, the equally infamous HSBC, and the maybe not so infamous ICBC Standard Bank, and three security vaulters, Brinks, Malca Amit and Loomis.