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7 results for “LBMA chain of integrity” in Industry
Industry · 7 August 2026
How Fake Gold Is Detected
…ying to fool a person. They are trying to fool a specific test at a specific point in the chain, and they know which test that is. · That reframing explains everything about how authentication has developed. Each defence closed a route; each closure pushed forgers towards a harde…
Tomas Herrera · 16 min read
Industry · 20 August 2026
The Refiner's Ledger
Somewhere between a mine's doré bar and a Good Delivery brick sits a chain of chlorination furnaces, electrolytic cells, assay labs and accreditation committees that decides which gold the world's markets will accept without question — and which gold gets qui…
Tomas Herrera · 17 min read
Industry · 2 July 2026
Nine Nines: Inside a Modern Gold Refinery
…99.99. Between those two numbers sit chlorine gas, aqua regia, an electrolytic cell and a chain of custody that is now as valuable as the metal itself. · Refining is two-stage: fast chlorination to ~99.5%, then electrolysis to 99.99% and above. · Fire assay, a technique older tha…
Tomas Herrera · 19 min read
Industry · 6 August 2026
The Scrap Trade
…ly a quarter of the world's annual gold supply has been gold before. It arrives as broken chains, single earrings and dental crowns, and it moves through a chain of intermediaries that most sellers never see past the first counter. · Recycled metal typically supplies around a qua…
Ingrid Sørensen · 16 min read
Industry · 28 July 2026
Urban Mining: The Richest Gold Ore on Earth Is in Your Old Phone
…demand, and it does not by itself reduce mining volumes while consumption grows. A supply chain that recycles more and mines the same amount has increased total supply, not cleaned up the existing one. That is an improvement worth having, described accurately. · The final irony o…
Tomas Herrera · 16 min read
Industry · 4 August 2026
The Gold Inside Your Phone
…old-content-per-unit trends that are published years in advance by the electronics supply chain itself. The surprises, when they come, are supply-side — a refining bottleneck or a substitution breakthrough — rather than demand-side shocks. · A brief history of gold in electronics…
Tomas Herrera · 18 min read
Industry · 7 August 2026
After the Cyanide
…r than in perpetuity. The second is a corporate one, where an ageing asset is sold down a chain of progressively smaller operators until it sits inside an entity with no balance sheet behind the bond. When that entity fails, the security covers a fraction of the work and the stat…
Tomas Herrera · 16 min read
