We note RAID’s article of 9 July 2020 “LBMA Should Suspend Gold Refiner MMTC-PAMP” https://www.raid-uk.org/blog/lbma-should-suspend-gold-refiner-mmtc-pamp and the related references, including the “Submission under the LBMA’s Incident Review of PAMP/MMTC PAMP” https://www.raid-uk.org/sites/default/files/raid_analysis_of_synergy_assessment_north_mara_gold_mine_update.pdf, which raise concerns relating to MMTC-PAMP’s assessment of North Mara Gold Mine (NMGM) which was conducted by Synergy Global Consulting (Synergy). This submission is an initial response to the points raised. Read More
Gold and silver are both precious metals, but they do not react to market conditions in the same way. Gold is known more for stability, liquidity and wealth preservation. Silver also has investment value, but it is widely used in industries. This difference makes silver more responsive to economic cycles and short-term market moves.
Old gold exchange is becoming a bigger part of jewellery buying. Industry estimates show that some jewellers have reported a 60% year-on-year increase in old gold exchange transactions. Exchange-led purchases now account for almost half of sales at leading jewellery chains.
Gold has been valued for centuries, but its journey does not end once it is turned into jewellery, coins, or other products. Unlike many materials that lose quality over time, gold can be recovered, refined, and reused again. This process is known as gold recycling.