The Launch Of The Allocated Bullion Exchange

207

After months of testing and build-out, the Allocated Bullion Exchange finally went "live" back on Wednesday. What is this new exchange and why does it pose such a direct threat to the current, fractional reserve LBMA system? For answers, we sought out CEO Tom Coughlin and our old friend and ABX Advisory Board member, Andrew Maguire.

After years of development, the Allocated Bullion Exchange is now fully operational. Here's a link to their site: https://abx.com

In these back-to-back interviews, Tom and Andy address many of the questions you may have regarding the new exchange. They explain how the exchange functions for retail and institutional investors and they also detail why ABX is such a threat to the Bullion Bank status quo. Among the topics covered:

  • How will this exchange differ from the existing LBMA structure?
  • The ability of the exchange to provide a disruptive technology that allows users to entirely circumvent the LBMA.
  • In stark contrast to the LBMA, the anonymity that this new exchange gives market participants, thereby eliminating the possibility of bullion bank front-running of orders.
  • The global network of vaulting and settlement facilities, in place from day one, which allow the exchange to function on a 100%, fully allocated framework and gives users the ability to buy and sell at spot prices around the globe.

As you know, 2016 is shaping up to be the "year of consequence" that we predicted it would be. The timely emergence of the ABX, which gives producers and consumers alike an opportunity to interact outside of the existing LBMA system, only adds to the dynamic. We wish Tom, Andy and everyone else associated with ABX all the best in their efforts to offer the investment world a much more free and fair platform for buying and selling physical metal.

TF

  207 Comments

Feb 12, 2016 - 12:29pm

If interested in learning more...

You might check out either of these two links.

tyberious
Feb 12, 2016 - 12:35pm

1st

1st on Friday

Swineflogger
Feb 12, 2016 - 12:36pm

Dos

Gooooooo ABX

Bsquash
Feb 12, 2016 - 12:41pm

Thurd!

Yess

LostMind
Feb 12, 2016 - 1:01pm

Fourth!!!

Marchas buddy, come on!

Keep Stacking <- time honored fourth saying! ;-)

C U L8 Charlie!

silver10sguy
Feb 12, 2016 - 1:04pm

ABX is Thrilling News

I am so excited for the launch of the ABX!!! I let out a big cheer after seeing the news here!!! Finally a fair and unbiased way to trade metals for everyone without being screwed by the bullion banks.

Feb 12, 2016 - 1:15pm

BOJ...

...not leaving anything to chance today, huh?

Just validates the algos are programmed to ignore the risk of being long this weekend.

squib
Feb 12, 2016 - 1:23pm

Present

Present

Substitute Teacher - Key & Peele
Feb 12, 2016 - 1:24pm

Into the Comex close

Silver.

Must.

Not.

Be.

Allowed.

To.

Close.

Green.

benque
Feb 12, 2016 - 1:29pm

Well

I don't see much differance between ABX prices and crimex.

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