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Good Delivery gold cast bars

Good Delivery gold bars: what they are and how to buy them

We have always tried to make our customers understand the importance of investing their savings in physical gold, be it gold bars, investment coins or through the OROvilla gold gram account.
Being a gold owner means:

But what does it mean when we hear about Good Delivery bullion?

Good Delivery certification is issued by the LBMA (London Bullion Market Association) which coordinates the wholesale trading of gold and silver. This association updates and publishes so-called Good Delivery lists, which set out a series of criteria that a refiner and its precious metal must comply with before being admitted to trading.

Criteria for refining and trading gold and silver

The company must:

  • have a proven track record of at least three years in the production of refined metal;
  • produce a minimum of 10 tonnes of gold and 30 tonnes of silver; and
  • have total net assets of at least £10 million
  • provide evidence of ownership structure and directors.

Gold and Silver Bar Inspection Criteria


Periodically, producers are audited on gold and silver bars to verify the same quality. Specifically, Good Delivery gold and Good Delivery silver must:

  • be in bar form
  • Have a minimum purity of 99.9% (for silver) or 99.5% (for gold);
  • weigh between 750 and 1100 ounces (silver) or between 350 and 430 ounces (gold);
  • be measured in troy ounces (silver) or fine troy ounces (gold).


LMBA-authorised companies are few in the world and are all mentioned in the Good Delivery List. OROvilla is not LBMA-certified, but we wanted to turn to an Italian company of high standing for this type of ingot: Chimet.

 

Discover CHIMET

Beyond the LMBA: gold is always gold!


However, our belief goes beyond that. We firmly believe that gold is gold, that there is no A or B gold. Gold is never subjective, as long as its purity and provenance are guaranteed.

We offer the genuine transparency of a history of professionalism that has accompanied us in the industry for more than 60 years and, although OROvilla is not listed in the Good Delivery List, we have deliberately obtained some important certifications:

ISO 9001:2015 for the "design and development, manufacture of gold alloys and semi-finished products in gold, silver and platinum group metals (PGM) for goldsmithing and industrial applications". We firmly believe that producing from the purest raw materials and guaranteeing batch traceability from raw material to product is a must, but also because, working with raw materials for the manufacture of products for medical use, guaranteeing each batch is a great responsibility of ours.

RJC COP (Code of Practice) - COC (Chain of Custody). We want to be part of a sector that is sensitive to environmentally and socially responsible practices and that is able to give an ethical value to the quality it produces.

Discover our certifications

Why gold