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8 results for “LPMCL clearing” in Markets
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
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
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
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 · 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
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
