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8 results for “Fort Knox audit” in Markets
Markets · 11 September 2026
The Last Audit: What We Actually Know About the World's Official Gold
…lease or swap. Each layer has a different evidentiary standard. · The last full physical audit of the United States gold stock was completed in 1953. Since then, verification has consisted largely of checking that compartment seals are unbroken. · Foreign custody at the Bank of…
Ingrid Sørensen · 22 min read
Markets · 18 August 2026
The Vault Beneath the City
…who never touch the metal with bare hands. This is how sovereign gold is actually stored, audited and, occasionally, brought home. · The Bank of England holds roughly 400,000 bars for around 100 account holders, most of them foreign central banks, in vaults beneath Threadneedle S…
Ingrid Sørensen · 22 min read
Markets · 17 August 2026
Paper Gold: What You Own When You Do Not Own Bars
…s-referencing with the LBMA's approved refiner list and by reviewing semi-annual physical audit reports conducted by independent inspectors like Inspectorate. · There is a durable argument in gold circles that the market trades far more metal than exists, and that the difference…
Ingrid Sørensen · 23 min read
Markets · 20 June 2026
Bring It Home: Central Banks and the Great Gold Repatriation
…n 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 managers accept gold's zero yield as the pric…
Ingrid Sørensen · 14 min read
Markets · 8 September 2026
The Real-Rate Trade: Why Gold Moves When Bond Yields Do
…have fallen hard, did not. It went up. The failure has forced a market that had grown comfortable with one variable to rebuild its account of what actually sets the price. This reconstruction process has revealed a much more complex and globalized set of drivers, moving away fro…
Ingrid Sørensen · 25 min read
Markets · 8 August 2026
Moving Bullion: The Logistics Nobody Prices
…s dense, so a commercially meaningful consignment occupies very little volume and sits comfortably within belly-hold weight limits. · What is the chain of integrity? The set of accredited refiners, approved vaults and recognised carriers within which a Good Delivery bar can move…
Ingrid Sørensen · 15 min read
Markets · 2 August 2026
Who Actually Sets the Gold Price
…cess by telephone. That system was replaced after regulatory scrutiny with an electronic, auditable, wider-participation auction. The reform is real, and the criticism that produced it was warranted. But the reform did not change the structural fact that the benchmark is downstre…
Ingrid Sørensen · 16 min read
Markets · 6 August 2026
Why Central Banks Started Buying Gold Again
…s that do not report at all, producing a figure that is closer to informed inference than audited fact for a meaningful share of the total. · The unreported buyer problem · A number of purchases attributed retroactively to a reporting period turn out to have been executed years e…
Ingrid Sørensen · 14 min read
