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8 results for “mine closure bond” in Markets
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 · 2 August 2026
Who Actually Sets the Gold Price
…tunity cost rises when safe assets pay more. When inflation-adjusted yields on government bonds climb, holding gold instead of those bonds costs more in forgone income, which tends to weigh on demand. The relationship is a strong tendency rather than a law, and it breaks down dur…
Ingrid Sørensen · 16 min read
Markets · 8 September 2026
The Real-Rate Trade: Why Gold Moves When Bond Yields Do
For two decades the gold price could be read off an inflation-linked bond screen. Then, somewhere after 2022, the relationship stopped behaving — and the argument about why has become the most consequential debate in the metal's market. · Gold pays no coupon,…
Ingrid Sørensen · 25 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 · 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 diverge from a bar in New York. · Allocated custody means specific numbered bar…
Ingrid Sørensen · 15 min read
Markets · 6 August 2026
Why Central Banks Started Buying Gold Again
…no interest? Because a reserve portfolio is insurance, not an income strategy. Government bonds pay a yield but are somebody else's liability and can be frozen, redenominated or defaulted on. Gold pays nothing and cannot be created by anyone, which is exactly the property a reser…
Ingrid Sørensen · 14 min read
Markets · 20 June 2026
Bring It Home: Central Banks and the Great Gold Repatriation
…nomic critique of holding large non-yielding gold reserves is straightforward: a treasury bond pays interest, a bank deposit pays interest, and gold pays nothing while costing money to store and insure. Critics of official-sector gold buying — and there is a respectable body of c…
Ingrid Sørensen · 14 min read
Markets · 18 August 2026
The Vault Beneath the City
…ld is soft, bars stacked directly on top of one another for decades can actually begin to bond at a microscopic level, requiring a practiced technique to separate them without scuffing the refiner’s stamp. The specialized trolleys used to move these pallets are engineered with lo…
Ingrid Sørensen · 22 min read
