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8 results for “LBMA Good Delivery” in Markets
Markets · 2 August 2026
Who Actually Sets the Gold Price
…nter market and COMEX futures, with the two tethered by the EFP spread. · The twice-daily LBMA auction is a benchmark-setting mechanism for contract settlement, not the market itself. · Regional premiums in Shanghai, Mumbai and Istanbul are logistics and policy signals, not arbit…
Ingrid Sørensen · 16 min read
Markets · 8 August 2026
Moving Bullion: The Logistics Nobody Prices
…y? The set of accredited refiners, approved vaults and recognised carriers within which a Good Delivery bar can move without losing its status. Metal that leaves the chain — held privately, for example — can re-enter, but normally only after assay or re-refining, because the guar…
Ingrid Sørensen · 15 min read
Markets · 17 August 2026
Paper Gold: What You Own When You Do Not Own Bars
…rship of metal. · Fewer than two per cent of COMEX gold futures contracts typically go to 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, s…
Ingrid Sørensen · 23 min read
Markets · 20 June 2026
Bring It Home: Central Banks and the Great Gold Repatriation
…d in a single shipment. · The logistics of moving gold are unglamorous and unforgiving. A Good Delivery bar weighs about twelve and a half kilograms, and a hundred tonnes of them is eight thousand bars — a volume that would fit comfortably in a modest living room and a mass that…
Ingrid Sørensen · 14 min read
Markets · 18 August 2026
The Vault Beneath the City
…es are unglamorous: bare concrete, sodium lighting, wooden pallets stacked with 400-ounce Good Delivery bars, each weighing around 12.4 kilograms, arranged so that porters wearing felt-soled shoes — leather-soled boots strike sparks and scuff the vault floor — can move them with…
Ingrid Sørensen · 22 min read
Markets · 11 September 2026
The Last Audit: What We Actually Know About the World's Official Gold
…e bars when they arrived. Every returned bar was melted down and recast to current London Good Delivery standard — a process that weighs the metal, assays its fineness and produces a new, verified bar with a new serial number. You cannot hide a tungsten core through a melt. The B…
Ingrid Sørensen · 22 min read
Markets · 6 August 2026
Why Central Banks Started Buying Gold Again
…pean sales 2010 Official sector turns net buyer for the first time in a generation 400 oz Good Delivery bar size in which reserves are almost always held · The Basel III effect · The reclassification of gold under Basel III regulations has subtly but profoundly altered the calcul…
Ingrid Sørensen · 14 min read
Markets · 8 September 2026
The Real-Rate Trade: Why Gold Moves When Bond Yields Do
…e-traded fund flows drive the price or follow it? Mostly they follow. Fund holdings are a good real-time reading of Western investor conviction, and large redemptions can amplify a move, but through the 2022-2024 period the price rose while holdings fell — which is precisely why…
Ingrid Sørensen · 25 min read
