AU / 01
Product definition
Identify what “gold” means in the claim.
A bar, coin, fund, futures contract and tokenised claim have different ownership, pricing and redemption structures.
FormPurityUnit
Dedicated workspace / Gold
Understand the gold market beyond the headline quote.
Explore how source, refining standards, custody, execution, premiums and macro context fit together. Every interactive element is educational and uses illustrative inputs.
3D gold structureIllustrative
Research layersSource → Market
InteractionMove pointer
Interactive ecosystem
Follow gold from source to execution.
Select a stage to reveal the research questions and terms that matter within that part of the market.
Source and production
Research begins with where supply enters the system, how production data is reported, and which costs or jurisdictions shape availability.
GSAP gold pathway
Follow the questions from material to ownership.
The introduction appears first. When the first gold card is fully in view, scrolling advances the pathway from product definition to custody and exit.
Illustrative cost lab
See how market friction changes cost.
Adjust a reference quote, dealer premium and annual storage assumption. The result is arithmetic, not a price forecast.
Cost assumptions
Use values that help you understand the relationship between quote and total cost.
Illustrative relationship
Actual quotes, premiums, spreads, taxes, insurance and storage terms vary by venue, product and jurisdiction.
Acquisition example$2,472.00
Annual storage example$19.78
Difference from quote$72.00
ContextModerate-friction example
A headline price may not equal the executable or delivered cost. Always verify the product, quote source, spread, premium, settlement and custody terms.
Research drivers
Four lenses for better questions.
These cards are prompts for investigation, not signals to buy or sell.
Macro
Rates and currency context
Review real rates, currency conditions, inflation expectations and the timeframe of the claim.
Physical
Supply and demand structure
Separate mine output, recycling, industrial use, jewellery, official-sector activity and investor demand.
Execution
Venue, liquidity and spread
Check whether a quote is spot, futures, ETF, dealer, tokenized, allocated or another structure.
Custody
Ownership and access
Understand title, allocation, insurance, redemption, geographic location and counterparty exposure.
Gold review checklist
Before relying on a gold claim.
01
Name the product
Physical bar, coin, fund, futures contract, token or other exposure are not interchangeable.
02
Verify the quote
Check source, currency, timestamp, unit and whether the figure is executable.
03
Map all friction
Include spread, premium, tax, settlement, insurance, storage and exit conditions.
04
Review custody
Understand legal ownership, access, redemption and counterparty failure paths.