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8 results for “bullion transport” in Markets
Markets · 8 August 2026
Moving Bullion: The Logistics Nobody Prices
…e. · Physical gold moves mostly as belly cargo on scheduled passenger flights, which ties bullion logistics to airline capacity. · Bar formats differ between markets — 400 oz in London, kilobars in Asia — so relocating metal often means re-casting it, not just flying it. · When f…
Ingrid Sørensen · 15 min read
Markets · 18 August 2026
The Vault Beneath the City
…d international institutions that pay to store gold in London because of its deep, liquid bullion market. The UK's own reserves, managed through the Treasury's Exchange Equalisation Account, form a much smaller share of the total and were themselves controversially reduced in the…
Ingrid Sørensen · 22 min read
Markets · 17 August 2026
Paper Gold: What You Own When You Do Not Own Bars
…, but a retail holder owns fund shares, not title to a serial-numbered bar. · Unallocated bullion accounts are the plumbing of the wholesale market and are, in law, an unsecured claim on the bank rather than ownership of metal. · Fewer than two per cent of COMEX gold futures cont…
Ingrid Sørensen · 23 min read
Markets · 8 September 2026
The Real-Rate Trade: Why Gold Moves When Bond Yields Do
…l interest rate. For an entire generation of market participants, this was the bedrock of bullion analysis, providing a clear and reliable signal in an otherwise noisy financial landscape. · That slide is now out of date. Between 2022 and the middle of this decade real yields cli…
Ingrid Sørensen · 25 min read
Markets · 20 June 2026
Bring It Home: Central Banks and the Great Gold Repatriation
…t the Bank of England or the New York Fed could be lent, swapped or sold without physical transport, and during the Cold War it was safer outside the likely path of an invasion. · What does 'loco London' mean? It designates gold held in accredited London vaults, the default locat…
Ingrid Sørensen · 14 min read
Markets · 2 August 2026
Who Actually Sets the Gold Price
…or 400-ounce bars that never leave a vault. A retail coin adds refining, minting, insured transport, dealer inventory cost, VAT or sales tax where applicable, and a margin. On small denominations that stack can be a double-digit percentage of the metal value. · What is the EFP an…
Ingrid Sørensen · 16 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 less about inflation than about the plumbing of s…
Ingrid Sørensen · 14 min read
Markets · 11 September 2026
The Last Audit: What We Actually Know About the World's Official Gold
…er's behalf — because it is out on lease or pledged in a swap. Central banks lend gold to bullion banks to earn a yield; bullion banks sell it and deliver later; the gold finances refineries, jewellery manufacturers and miners' hedging programmes in between. IMF reporting guidanc…
Ingrid Sørensen · 22 min read
