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8 results for “acid mine drainage” in Markets
Markets · 8 September 2026
The Real-Rate Trade: Why Gold Moves When Bond Yields Do
…the past two decades, a trader wanting a view on gold did not need to know anything about mines, refineries or jewellery. It was enough to watch the yield on a ten-year inflation-linked government bond. When that yield fell, the metal rose; when it rose, the metal fell. The relat…
Ingrid Sørensen · 25 min read
Markets · 17 August 2026
Paper Gold: What You Own When You Do Not Own Bars
…ud waiting to be discovered. It is the kind of claim that is easy to shout and hard to examine, because it treats a dozen unlike instruments as one thing. A futures contract, an unallocated account at a clearing bank, a share in a physically backed fund and a gold certificate fro…
Ingrid Sørensen · 23 min read
Markets · 6 August 2026
Why Central Banks Started Buying Gold Again
…aring full gold backing should be treated as rhetorical rather than a description of an imminent, arithmetically feasible policy. · How does the IMF treat gold? The IMF holds one of the world's largest gold reserves and permits member states to include gold in their official rese…
Ingrid Sørensen · 14 min read
Markets · 8 August 2026
Moving Bullion: The Logistics Nobody Prices
…rial: a handful of large refineries process a disproportionate share of the world's newly mined and recycled gold, converting it between the bar formats different regional markets demand. Swiss customs data on gold imports and exports is one of the closest things the market has t…
Ingrid Sørensen · 15 min read
Markets · 11 September 2026
The Last Audit: What We Actually Know About the World's Official Gold
…world's governments and central banks say they hold — about a fifth of all the gold ever mined, worth at current prices in the region of three trillion dollars. The figure appears in every annual demand report, every central bank speech, every chart of official-sector buying. It…
Ingrid Sørensen · 22 min read
Markets · 2 August 2026
Who Actually Sets the Gold Price
…mous volume of contracts needs a defensible reference number: refinery supply agreements, mine hedges, jewellery wholesale terms, fund valuations. What it is not is the place where the price is discovered. Discovery happens continuously, all day, across the London over-the-counte…
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 w…
Ingrid Sørensen · 14 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
