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27 results for “LPMCL clearing”
Markets · 17 August 2026
Paper Gold: What You Own When You Do Not Own Bars
…fail in different scenarios, which is why institutions typically hold both. · What is the LPMCL and how does it affect my gold account? London Precious Metals Clearing Limited (LPMCL) is the clearing hub for the London bullion market. Most 'gold' held in bank accounts is an unall…
Ingrid Sørensen · 23 min read
Markets · 2 August 2026
Who Actually Sets the Gold Price
…and vault operators dealing directly with each other over the counter, settling through a clearing system among a handful of members, with the London Bullion Market Association writing the standards everybody agrees to be bound by. There is no central order book. There is no publ…
Ingrid Sørensen · 16 min read
Policies · 6 August 2026
Cookie Policy
…eferences — optional, held in local storage on your device, no expiry other than your own clearing of site data, never transmitted to us as a profile. · Aggregate measurement identifier — optional, rotates rather than persisting indefinitely, truncated at the network level where…
Markets · 20 June 2026
Bring It Home: Central Banks and the Great Gold Repatriation
…n methodology, building the custodial and transport infrastructure, and trusting a shared clearing arrangement among states that do not otherwise trust each other — are the same obstacles that have defeated gold-based settlement schemes for a century. The second development is mo…
Ingrid Sørensen · 14 min read
Mining · 22 May 2026
The Other Supply Chain: Artisanal Mining and the Mercury Problem
…articular — artisanal gold mining is also a direct driver of deforestation, both from the clearing required to access alluvial deposits along forest rivers and from the roads, camps and informal settlements that follow a productive discovery. Satellite monitoring of mining-driven…
Amara Okonjo · 15 min read
Markets · 8 September 2026
The Real-Rate Trade: Why Gold Moves When Bond Yields Do
…d, whereas a trader who watches open interest and COT data will recognize it as a healthy clearing of leveraged positions, often setting the stage for the next leg higher. In the current regime, these washouts have become increasingly shallow and short-lived, as the underlying ph…
Ingrid Sørensen · 25 min read
Markets · 18 August 2026
The Vault Beneath the City
…nd giving both cities' gold-trading infrastructure — the bullion banks, the refiners, the clearing systems — a captive and liquid pool of metal that can, when account holders agree, be lent, swapped or used to settle wholesale market transactions. · Repatriation, by contrast, is…
Ingrid Sørensen · 22 min read
Industry · 7 August 2026
After the Cyanide
Every ounce of mined gold leaves behind roughly a tonne of processed rock and the water that carried it. What happens to that material after the last shift is the part of the industry with the longest…
Tomas Herrera · 16 min read
Mining · 5 August 2026
Grade, Cut-off and the Arithmetic of an Open Pit
A gold mine is not a hole with gold in it. It is a spreadsheet with a hole attached — and the single number that decides which rock is ore and which rock is waste moves every time the price does. · Mo…
Amara Okonjo · 20 min read
Craft · 22 July 2026
Hallmarks and Assay: How Anyone Proves Gold Is Gold
A hallmark is one of the oldest consumer protection technologies in continuous use. It is also, on close inspection, a small masterpiece of institutional design — and it is being quietly eroded. · A h…
Yusuf Demir · 15 min read
Industry · 7 August 2026
How Fake Gold Is Detected
Counterfeiting gold is not about making something that looks right. It is about defeating a specific test, and the industry's defences are an escalating conversation between forgers and instruments. ·…
Tomas Herrera · 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
Mining · 19 August 2026
Nine Grams a Tonne
What does it actually cost to pull an ounce of gold out of the ground? The honest answer runs through grade decline, energy and water bills, permitting delays and the closure liabilities nobody prices…
Amara Okonjo · 18 min read
Industry · 2 July 2026
Nine Nines: Inside a Modern Gold Refinery
A doré bar arrives at 85 per cent purity and leaves at 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 i…
Tomas Herrera · 19 min read
Craft · 5 June 2026
The Alchemy of Craft: What Goldsmiths Know That Machines Don't
Gold's working properties are so extreme they border on the absurd — one gram drawn into three kilometres of wire. Inside a trade where the tools have barely changed and the hands are irreplaceable. ·…
Yusuf Demir · 16 min read
Industry · 4 August 2026
The Gold Inside Your Phone
Industrial demand is the quietest third of the gold market: a few tenths of a gram per handset, multiplied by billions of devices, chosen not for prestige but because nothing else conducts as reliably…
Tomas Herrera · 18 min read
History · 14 July 2026
The Gold Standard: How a Soft Yellow Metal Became Money
For roughly five thousand years, humanity kept returning to the same element to settle its debts. The story is less about greed than about the unusually boring chemistry of atomic number 79. · Gold's…
Marguerite Adler · 14 min read
History · 9 August 2026
The Hoard Problem: What Buried Gold Actually Tells Us
A field of gold torcs and coins is a spectacular find and a treacherous document. The people who buried it were not writing to us, and the reasons they had for putting it in the ground are exactly wha…
Marguerite Adler · 16 min read
Markets · 11 September 2026
The Last Audit: What We Actually Know About the World's Official Gold
Governments report holding roughly 36,000 tonnes of gold — a figure quoted everywhere and verified almost nowhere. Between the published number and the physical bar sits a chain of certificates, custo…
Ingrid Sørensen · 22 min read
Science · 8 August 2026
The Metal That Went Medical
Divide gold finely enough and it stops being gold-coloured, stops being inert in the way you expect, and starts doing work in places no bullion bar could reach — including the test strip that told you…
Amara Okonjo · 19 min read
Science · 9 August 2026
The Metallurgy of Karat
Pure gold is too soft to hold a stone, too soft to hold an edge, and the wrong colour for half the world's taste. Almost everything you own that is gold is a designed alloy — and the design is where t…
Tomas Herrera · 17 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 mar…
Tomas Herrera · 17 min read
Industry · 6 August 2026
The Scrap Trade
Roughly 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 selle…
Ingrid Sørensen · 16 min read
Craft · 3 August 2026
The Wedding-Season Bid: How Jewellery Demand Sets the Floor
Half the world's gold is worn, not stored. In India and China that distinction barely exists — and the buying behaviour it produces is the most reliably contrarian force in the entire market. · Jewell…
Yusuf Demir · 15 min read
Industry · 28 July 2026
Urban Mining: The Richest Gold Ore on Earth Is in Your Old Phone
A tonne of good underground ore holds a few grams of gold. A tonne of discarded circuit boards can hold two hundred. So why is most of it still going into landfill? · Concentration, not tonnage, is wh…
Tomas Herrera · 16 min read
Science · 10 August 2026
Where Gold Actually Comes From
Every gram of gold on Earth was manufactured in an astrophysical catastrophe, arrived here after the planet had already formed, and was then concentrated by hot water. Three separate accidents, none o…
Tomas Herrera · 17 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
