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8 results for “Bretton Woods” in Markets
Markets · 20 June 2026
Bring It Home: Central Banks and the Great Gold Repatriation
…ately reflects is a re-reading of what a reserve is for. Through the long expansion after Bretton Woods, reserves were working capital: liquid, mobile, earning a return. In a more fragmented order they are increasingly understood as insurance, and insurance is judged by whether i…
Ingrid Sørensen · 14 min read
Markets · 11 September 2026
The Last Audit: What We Actually Know About the World's Official Gold
…apped or settled against without being shipped. Much foreign-held gold is a legacy of the Bretton Woods era, when dollars were convertible into gold in New York. The trade-off is that the owner relies on the custodian's records rather than its own inspection. · What does 'unalloc…
Ingrid Sørensen · 22 min read
Markets · 8 September 2026
The Real-Rate Trade: Why Gold Moves When Bond Yields Do
…8 · The real-rate framework was born in the fires of the 1970s. After the collapse of the Bretton Woods system in 1971, gold was allowed to float freely against the dollar. For much of that decade, the Federal Reserve was perceived as being 'behind the curve,' failing to raise in…
Ingrid Sørensen · 25 min read
Markets · 2 August 2026
Who Actually Sets the Gold Price
…ral banks spent much of the 1960s selling gold into the market to defend the $35-an-ounce Bretton Woods parity. Sustained deficit spending and rising private demand eventually made the defence unaffordable, and the pool was abandoned in March 1968, splitting the market into an of…
Ingrid Sørensen · 16 min read
Markets · 8 August 2026
Moving Bullion: The Logistics Nobody Prices
Between the vault and the buyer sits an industry of armoured vehicles, sealed cargo, bonded warehouses and insurance clauses. It rarely makes news, and it is the reason a spot price in London can dive…
Ingrid Sørensen · 15 min read
Markets · 17 August 2026
Paper Gold: What You Own When You Do Not Own Bars
Most of the world's gold exposure is a contract, not a metal. Futures, unallocated accounts and exchange-traded funds each promise gold in a different way — and the differences only become visible whe…
Ingrid Sørensen · 23 min read
Markets · 18 August 2026
The Vault Beneath the City
Beneath the Bank of England and beneath lower Manhattan sit two of the largest concentrations of monetary gold on earth, moved between anonymous compartments by a handful of porters who never touch th…
Ingrid Sørensen · 22 min read
Markets · 6 August 2026
Why Central Banks Started Buying Gold Again
For three decades official institutions were net sellers of bullion, and the policy consensus treated the metal as a museum piece. Then, quietly, the world's reserve managers reversed. The reasons are…
Ingrid Sørensen · 14 min read
