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8 results for “tailings dam failure” in Markets
Markets · 8 September 2026
The Real-Rate Trade: Why Gold Moves When Bond Yields Do
…crisis, and gold, which the model said should have fallen hard, did not. It went up. The failure has forced a market that had grown comfortable with one variable to rebuild its account of what actually sets the price. This reconstruction process has revealed a much more complex…
Ingrid Sørensen · 25 min read
Markets · 20 June 2026
Bring It Home: Central Banks and the Great Gold Repatriation
…s. The Netherlands quietly moved a substantial tranche of reserves from New York to Amsterdam in 2014, citing a wish to have a more balanced distribution between vault locations rather than any single dominant risk. Poland and Hungary, both rebuilding reserve positions from a low…
Ingrid Sørensen · 14 min read
Markets · 8 August 2026
Moving Bullion: The Logistics Nobody Prices
…d, the London–New York spread widens; the dislocation is a logistics signal, not a market failure. · Sanctions and customs regimes can strand metal that is legally owned but administratively untouchable, which is a distinct risk from theft or fraud and is priced separately by ins…
Ingrid Sørensen · 15 min read
Markets · 17 August 2026
Paper Gold: What You Own When You Do Not Own Bars
…tion and a rare joint statement from the exchange and major bullion banks. This was not a failure of the gold price; it was a failure of the 'paper' promise to be interchangeable with the 'physical' metal at zero cost. · The metal did not disappear and the promises did not break.…
Ingrid Sørensen · 23 min read
Markets · 18 August 2026
The Vault Beneath the City
…ir account by serial number, refiner, gross weight, fine weight and assay. This is the fundamental instrument by which an owner verifies that the metal recorded on their books corresponds to specific, identifiable physical objects rather than an abstract balance. Reconciling a ba…
Ingrid Sørensen · 22 min read
Markets · 2 August 2026
Who Actually Sets the Gold Price
…premiums in Shanghai, Mumbai and Istanbul are logistics and policy signals, not arbitrage failures. · Central banks and ETF flows move the price in opposite directions on different clocks: reserves are slow and price-insensitive, funds are fast and price-chasing. · Lease rates an…
Ingrid Sørensen · 16 min read
Markets · 11 September 2026
The Last Audit: What We Actually Know About the World's Official Gold
…hird of annual demand in recent years — rests on reported numbers. A genuine verification failure at a major holder would be a confidence event with few precedents; the market prices that possibility at roughly zero, which is itself a fact worth noting. · Start with a number that…
Ingrid Sørensen · 22 min read
Markets · 6 August 2026
Why Central Banks Started Buying Gold Again
…ional risk is deemed a worthwhile trade-off by many treasuries. The shift represents a fundamental move toward a more multipolar reserve system where physical assets play a larger role. · The Role of the Bank for International Settlements The BIS acts as a bridge between central…
Ingrid Sørensen · 14 min read
