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8 results for “Ore grade” in Markets
Markets · 18 August 2026
The Vault Beneath the City
…rters who never touch the metal with bare hands. This is how sovereign gold is actually stored, audited and, occasionally, brought home. · The Bank of England holds roughly 400,000 bars for around 100 account holders, most of them foreign central banks, in vaults beneath Threadne…
Ingrid Sørensen · 22 min read
Markets · 8 August 2026
Moving Bullion: The Logistics Nobody Prices
…oken custody record; once it leaves the accredited chain it must usually be re-refined before it can re-enter at full value. · Physical gold moves mostly as belly cargo on scheduled passenger flights, which ties bullion logistics to airline capacity. · Bar formats differ between…
Ingrid Sørensen · 15 min read
Markets · 17 August 2026
Paper Gold: What You Own When You Do Not Own Bars
…d is a general claim on the bank for a quantity of metal; it earns and costs nothing to store because it is a liability of the bank, and in a default the holder is an unsecured creditor. · Can I take delivery of gold from a futures contract? If you hold a COMEX contract into the…
Ingrid Sørensen · 23 min read
Markets · 2 August 2026
Who Actually Sets the Gold Price
…ld forward rate are a quiet early-warning system for physical tightness, visible weeks before it shows up in the headline price. · Is there one official gold price? No. The number quoted in the press is usually the spot price for unallocated gold held in London vaults, expressed…
Ingrid Sørensen · 16 min read
Markets · 20 June 2026
Bring It Home: Central Banks and the Great Gold Repatriation
For half a century it was rational to store your gold in someone else's basement. Then the calculus of counterparty risk changed, and reserve managers started chartering aircraft. · Overseas custody was a Cold War convenience: gol…
Ingrid Sørensen · 14 min read
Markets · 11 September 2026
The Last Audit: What We Actually Know About the World's Official Gold
…he aggregate figure. · A reported reserve number is a composite: metal at home, metal at foreign custodians, and metal out on lease or swap. Each layer has a different evidentiary standard. · The last full physical audit of the United States gold stock was completed in 1953. Sinc…
Ingrid Sørensen · 22 min read
Markets · 8 September 2026
The Real-Rate Trade: Why Gold Moves When Bond Yields Do
…because those instruments quote a real yield directly rather than requiring an inflation forecast. · Why should real rates matter to gold at all? Gold produces no income. Holding it costs the return you gave up by not holding an equally safe asset that does pay. When the inflatio…
Ingrid Sørensen · 25 min read
Markets · 6 August 2026
Why Central Banks Started Buying Gold Again
…ability. · Central banks are price-insensitive, slow buyers; their flow sets a floor far more often than it sets a headline. · Reported reserve figures are lagging, partly voluntary, and occasionally revised years later. · Leasing gold for yield has fallen out of favour precisely…
Ingrid Sørensen · 14 min read
