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8 results for “cut-off grade explained” in Markets
Markets · 17 August 2026
Paper Gold: What You Own When You Do Not Own Bars
…fit (liquidity) and a risk (you lose the local hedge). · 0% VAT EU tax rate on investment-grade gold bars/coins 3-7% Typical dealer spread on a 1oz gold coin 0.25% Approximate annual cost of vault insurance and storage for large holdings T+0 Settlement speed for ETF shares on maj…
Ingrid Sørensen · 23 min read
Markets · 18 August 2026
The Vault Beneath the City
…d for the better part of a century. What the audit gap produces instead is a durable, low-grade public suspicion that periodically flares into exactly the kind of domestic political pressure that drove Germany's repatriation, whether or not any underlying problem exists. · What c…
Ingrid Sørensen · 22 min read
Markets · 8 August 2026
Moving Bullion: The Logistics Nobody Prices
…g financial stress rather than during price rallies. · Good delivery is a passport, not a grade A London Good Delivery bar is 350 to 430 ounces, at least 995 fine, from an accredited refiner, with a serial number and assay stamp. The specification matters less for its purity than…
Ingrid Sørensen · 15 min read
Markets · 11 September 2026
The Last Audit: What We Actually Know About the World's Official Gold
…efore anyone opens a vault door, are usually clerical; but a genuine audit treats every unexplained line as a flag requiring physical resolution, not administrative closure. · Physical count and weighing · The second stage is where the exercise becomes expensive. Bars are removed…
Ingrid Sørensen · 22 min read
Markets · 8 September 2026
The Real-Rate Trade: Why Gold Moves When Bond Yields Do
…fell. The relationship was tight enough to be traded as a spread, hedged as a spread, and explained on a single slide. It was a rare example of a multi-trillion-dollar market appearing to obey a single, simple command. This predictability made gold a staple of macro-economic mode…
Ingrid Sørensen · 25 min read
Markets · 2 August 2026
Who Actually Sets the Gold Price
…new deposit takes a decade or more from discovery to first pour, and an operating mine's grade is set by geology, not by ambition. The variable that actually flexes in the short run is recycling. When the price rises sharply, old jewellery comes out of drawers and into refinerie…
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 · 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
