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8 results for “All-in sustaining cost (AISC)” in Markets
Markets · 8 September 2026
The Real-Rate Trade: Why Gold Moves When Bond Yields Do
…competitor is the inflation-adjusted yield on a government bond — the classic opportunity-cost argument. · From roughly 2005 to 2021 the gold price tracked the inverse of ten-year US inflation-linked yields closely enough to be traded as a spread. · That relationship weakened sha…
Ingrid Sørensen · 25 min read
Markets · 8 August 2026
Moving Bullion: The Logistics Nobody Prices
…fining or vault capacity tightens, the exchange-for-physical spread widens by roughly the cost of closing the gap. · Is stored gold insured? Professional vaults carry all-risks cover, but the terms matter more than the headline. Read for the per-location limit, whether cover appl…
Ingrid Sørensen · 15 min read
Markets · 17 August 2026
Paper Gold: What You Own When You Do Not Own Bars
…delivery; the contract is a price instrument first and a delivery mechanism second. · The costs that decide long-run outcomes are the ones nobody quotes: fund expense ratios, futures roll, storage, and the bid-offer spread on physical coins. · Logistical friction, such as the 202…
Ingrid Sørensen · 23 min read
Markets · 20 June 2026
Bring It Home: Central Banks and the Great Gold Repatriation
…by the demonstration that reserves can be immobilised. · Bringing gold home imposes real costs: vault construction, insurance, audit and lost liquidity. · The trend interacts with sustained official-sector buying, tightening the free float of deliverable metal. · Reserve manager…
Ingrid Sørensen · 14 min read
Markets · 2 August 2026
Who Actually Sets the Gold Price
…leave a vault. A retail coin adds refining, minting, insured transport, dealer inventory cost, VAT or sales tax where applicable, and a margin. On small denominations that stack can be a double-digit percentage of the metal value. · What is the EFP and why do traders watch it? T…
Ingrid Sørensen · 16 min read
Markets · 11 September 2026
The Last Audit: What We Actually Know About the World's Official Gold
…o enforcement mechanism for a country that misstates a holding, short of the reputational cost of a later correction. · The World Gold Council, whose published tables are the version of the 36,000-tonne figure most investors actually see, is transparent about its own position in…
Ingrid Sørensen · 22 min read
Markets · 18 August 2026
The Vault Beneath the City
…etal, most economists argue, than of an entrenched bureaucratic reluctance to undertake a costly and logistically difficult exercise for an asset whose custody has never been seriously challenged in court. · Why do countries store gold abroad at all instead of at home? Historical…
Ingrid Sørensen · 22 min read
Markets · 6 August 2026
Why Central Banks Started Buying Gold Again
…the national gold reserve entirely. The argument was not eccentric. Gold paid no coupon, cost money to store, sat on the balance sheet earning nothing, and had spent two decades falling. Sovereign bonds paid a yield, settled instantly, and were issued by governments that everyon…
Ingrid Sørensen · 14 min read
