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8 results for “Lost-wax casting” in Markets
Markets · 8 August 2026
Moving Bullion: The Logistics Nobody Prices
…between markets — 400 oz in London, kilobars in Asia — so relocating metal often means re-casting it, not just flying it. · When freight and re-casting capacity are constrained, the London–New York spread widens; the dislocation is a logistics signal, not a market failure. · Sanc…
Ingrid Sørensen · 15 min read
Markets · 11 September 2026
The Last Audit: What We Actually Know About the World's Official Gold
…2017 the Bundesbank moved 674 tonnes from New York and Paris to Frankfurt, melting and recasting every returned bar to check weight and fineness. The exercise was completed ahead of schedule and is the closest thing to a full external audit any large holder has conducted and des…
Ingrid Sørensen · 22 min read
Markets · 20 June 2026
Bring It Home: Central Banks and the Great Gold Repatriation
…ivery specifications before it could be logged into the domestic vault's records. · The recasting problem · A surprising share of the friction in any repatriation programme has nothing to do with security and everything to do with paperwork that has not kept pace with metallurgic…
Ingrid Sørensen · 14 min read
Markets · 2 August 2026
Who Actually Sets the Gold Price
…London Good Delivery bar — the wholesale unit 100 oz COMEX deliverable bar — a different casting entirely T+2 Standard loco London spot settlement 2×/day LBMA benchmark auctions, 10:30 and 15:00 London · The demand side has four different clocks · Ask why the price moved and you…
Ingrid Sørensen · 16 min read
Markets · 6 August 2026
Why Central Banks Started Buying Gold Again
…be. That reading misunderstands the participant. A reserve manager buying gold is not forecasting a higher price; in most cases the institution would prefer a lower one, since it intends to keep buying for years. The flow is slow, price-insensitive and largely indifferent to the…
Ingrid Sørensen · 14 min read
Markets · 17 August 2026
Paper Gold: What You Own When You Do Not Own Bars
Most of the world's gold exposure is a contract, not a metal. Futures, unallocated accounts and exchange-traded funds each promise gold in a different way — and the differences only become visible whe…
Ingrid Sørensen · 23 min read
Markets · 8 September 2026
The Real-Rate Trade: Why Gold Moves When Bond Yields Do
For two decades the gold price could be read off an inflation-linked bond screen. Then, somewhere after 2022, the relationship stopped behaving — and the argument about why has become the most consequ…
Ingrid Sørensen · 25 min read
Markets · 18 August 2026
The Vault Beneath the City
Beneath the Bank of England and beneath lower Manhattan sit two of the largest concentrations of monetary gold on earth, moved between anonymous compartments by a handful of porters who never touch th…
Ingrid Sørensen · 22 min read
