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One of the largest and most influential of the gold-market organizations, is the LBMA, London Bullion Market Association.  While often thought of as an exchange, the LBMA is actually a trade association with over 120 regular members representing more than 20 countries.  The LBMA represents the wholesale gold market and supports the development of the London bullion market.   Since its founding in 1987, the LBMA has included members who are central banks, producers, refiners, fabricators and other traders.