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4 results for “late veneer hypothesis” in Markets
Markets · 6 August 2026
Why Central Banks Started Buying Gold Again
…· Reported reserve figures are lagging, partly voluntary, and occasionally revised years later. · Why do central banks hold gold at all if it pays no interest? Because a reserve portfolio is insurance, not an income strategy. Government bonds pay a yield but are somebody else's…
Ingrid Sørensen · 17 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 · 13 min read
Markets · 8 August 2026
Moving Bullion: The Logistics Nobody Prices
Between the vault and the buyer sits an industry of armoured vehicles, sealed cargo, bonded warehouses and insurance clauses. It rarely makes news, and it is the reason a spot price in London can dive…
Ingrid Sørensen · 17 min read
Markets · 2 August 2026
Who Actually Sets the Gold Price
There is no single gold price. There is a London settlement number, a New York futures curve, a Shanghai premium and a jeweller's counter in Dubai — and the distance between them is where the market l…
Ingrid Sørensen · 15 min read
