Every article we have published — research, analysis, history and field notes from our global team of precious-metals editors.
Gold MarketsNew York and London run the world's gold market with very different settlement systems. Understanding the mechanics explains a surprising amount about price action.
Gold MarketsThe terms sound technical but the legal distinction is enormous. Allocated gold is yours; unallocated gold is a claim. Here is what that really means.
InvestmentGold is taxed differently almost everywhere — and the differences can wipe out the diversification benefit if ignored. A practical comparison across three regimes.
InvestmentAllocation ranges sound arbitrary until you understand what each level is actually hedging. A practical guide to sizing gold by goal, horizon and risk tolerance.
Gold MarketsMajor banks publish targets across a wide range. Here is the actual reasoning behind each, the assumptions required, and the probability the market is currently pricing.
HistoryNixon's televised announcement closed the gold window and ended Bretton Woods. The repricing that followed reshaped global finance for the next half-century.
GeopoliticsThe United States still tops the list at 8,133 tonnes, but the gap is closing. A country-by-country breakdown of the world's largest official gold holders.
Gold MarketsThe single most reliable headwind for gold is rising real yields. The mechanism is simple, the historical record is clear, and the recent exceptions are instructive.
Gold MarketsFrom 15:1 in the bimetallic era to 125:1 during the COVID panic, the gold-silver ratio is the most misunderstood signal in precious metals. Here is how to read it properly.
HistoryWhere does the world's gold actually sit, and who guards it? A tour through London, New York, Switzerland and Kentucky reveals an industry few investors fully understand.