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6 results for “doré bar refining” in Markets
Markets · 2 August 2026
Who Actually Sets the Gold Price
…ay for a coin higher than the spot price? Because spot is a wholesale price for 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 st…
Ingrid Sørensen · 22 min read
Markets · 8 August 2026
Moving Bullion: The Logistics Nobody Prices
…ses. It rarely makes news, and it is the reason a spot price in London can diverge from a bar in New York. · Allocated custody means specific numbered bars belong to you; unallocated means you are a creditor of the bank, and the difference only becomes visible in a crisis. · A ba…
Ingrid Sørensen · 17 min read
Markets · 17 August 2026
Paper Gold: What You Own When You Do Not Own Bars
…carry different custody and counterparty terms. · A physically backed ETF holds allocated bars in a custodian vault, 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,…
Ingrid Sørensen · 16 min read
Markets · 18 August 2026
The Vault Beneath the City
…ved between anonymous compartments by a handful of porters 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 t…
Ingrid Sørensen · 21 min read
Markets · 20 June 2026
Bring It Home: Central Banks and the Great Gold Repatriation
…sale settlement. A loco London price is a price for metal deliverable there, which is why bars in that system carry a liquidity premium. · Does repatriation affect the gold price? Not directly, since ownership does not change. The indirect effect is on the free float: metal moved…
Ingrid Sørensen · 13 min read
Markets · 6 August 2026
Why Central Banks Started Buying Gold Again
…0 Official sector turns net buyer for the first time in a generation 400 oz Good Delivery bar size in which reserves are almost always held · The selling era, and why it was orderly · The 1990s disposals are often recalled as a collective loss of faith. The record is more procedu…
Ingrid Sørensen · 17 min read
