In Might, Dillon Gage Metals was named an affiliate member of The London Bullion Current market Affiliation (LBMA), a wholesale, around-the-counter market place for buying and selling gold and silver. Members are mainly worldwide banking institutions, bullion sellers and refiners. Terry Hanlon, president of Dillon Gage Metals, the Dallas-based, precious-metals investing agency, stated, "We are very delighted about our affiliate membership and think it will bolster our prolonged-standing, qualified associations with dealers close to the world." He extra, "We have the best regard for the superior-trading and typical-documentation techniques promoted by the affiliation." The LBMA's current membership stands at over 120 companies in twenty countries all admitted as possibly members or associates. Above half of the membership is made up of associates from the U.S., Canada, Europe, South Africa, the Middle East and Asia. Members and affiliate members are engaged in actions carefully linked to the London gold or silver bullion markets, including trading, brokering, delivery and storage, mining and refining, inspection, assaying and exploration. Dillon Gage Metals is involved in most of people capabilities, with the exception of mining. Typically speaking, Uk-based trading companies and banking institutions with a branch found in the Uk are entire members. Associate position is for companiesespecially individuals outside the UKwith powerful ties to the London bullion market. Dealers, producers and refiners located exterior the Uk utilize to develop into LBMA associates. Associates might be corporations energetic in inspection, assaying or consulting. Other membership sorts include "current market-making" and "regular." Market-maker members ought to quote a person other in their product categoriesspot, alternatives or forwards in gold and silver through the London small business day. An common member is similar to a entire member, but doesn't make markets. The LBMA is the main level of get in touch with involving the London bullion industry and its regulators. The LBMA promotes refining expectations and superior trading practices, and develops standardized documentation. In addition, the group coordinates industry clearing and vaulting. Through its workers and committees, the LBMA performs to ensure that London continues to meet the evolving desires of the world-wide bullion marketplace. "The gold and silver markets are a globally business, and London has very long been at the coronary heart of price determination," Hanlon explained. "We will drastically profit from our affiliate membership in the LBMA and our contacts and dialogue with other members."