For gold, and there is no global overall regulation, but many aspects of gold - especially in the mining - by the regulations of the state, strictly controlled.
In addition, there are some important voluntary guidelines, to help the global gold market running smoothly.
Exploration and mining of gold by numerous constraints of rules and regulations, these rules are incorporated into the national mining method usually.
National mining laws covering areas such as: licensing procedures, the foreign ownership of land, environmental protection regulations, health and safety, and tax and land use fee, etc.
In addition to the national law of mining, there are some dedicated to responsible gold procurement rules.The United States, for example, the name act (1502) and the European Union the conflict-free minerals regulations require conduct due diligence in the supply chain, to ensure that the gold exploration and production will not provide financial support to armed conflict.
Among them, one of the most widely recognised regulations is the organization for economic cooperation《Produced in conflict impact and high risk during mineral responsible supply chain guide for due diligence》。
The guide by the world gold council in view of the mining industry, the London bullion market association for refining industry and responsible jewelry association for this industry.There are other similar moves against certain geographic areas.
Initiative, there is no conflict of tin industry
"Hope" solutions
Purchasing plan/smelter plan, there is no conflict
DMCC responsible precious metal purchase
ITRI, supply chain planning
The London bullion market association plans
The board certification, responsible jewellery
The gold standard, the world gold council without conflict
· ICGLR against illegal exploitation of natural resources plan
The gold market infrastructure
Gold trading market to your existing infrastructure is also regulated.
For the sale of gold or gold product savings Banks and trading, and financial advisory and wealth management company, is usually governed by local regulators.
In Britain, the financial administration of behavior (FCA), which regulates several agencies involved in the gold market, including: exchange (such as the London metal exchange (LME)), savings bank, bank of "clearing", financial advisers, investment and wealth management company.
FCAIs also responsible for regulating the London bullion market association (LBMA) gold price, the price is internationally recognized as the global benchmark price of gold.
Gold COINS and gold bullion dealers and often unregulated products online platform supplier.
Voluntary standards is also a factor in achieving global gold market running smoothly.
One of the most important is to perform all over the world gold quality "good delivery" standards of best practice.
The standard byThe London bullion market associationAnd the members of the management.
LBMA is creating consultations on the global rule of precious metals.
This is a voluntary guidelines aimed at covering all precious metals industry participants.It will develop guidelines to promote the credibility of the precious metals market.
Gold industry, in the different stages of exploration and production cycle, import and export and marketing links to the different tax.
The great differences in land use and production taxes.
Implementation of gold free import and export policy in many countries, so the gold market is truly global market, but need to note is that this does not apply to all cases.
Gold usually don't need to pay the value-added tax (VAT) or goods and services tax (GST), but still need to pay in some countries.VAT and GST tax standards between different products may also have different, such as COINS and gold bars of taxes and fees are different, so you have to understand local tax regulations.
Gold sales often need to pay capital-gains tax.Also, should pay attention to understand local tax regulations.
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