Why $1,550 Per Ounce
A transparent explanation of our forward pricing — because you should be skeptical, and we owe you a clear answer.
We understand this requires explanation
In a market where gold trades above $3,000/oz, an offer at $1,550/oz triggers legitimate skepticism. Below-spot pricing is a well-known fraud indicator. If your first reaction is doubt, that reaction is rational. We do not ask you to trust this explanation — we ask you to verify the mechanics and judge for yourself.
The Short Version
We are not a trading desk buying gold on the spot market and reselling it at a loss. We are a mine-direct forward offtake program. Our price reflects mine-gate economics — the cost of extracting gold from the ground, refining it, and delivering it — not the London spot price, which includes layers of intermediary margin, bank spreads, and dealer premiums that we eliminate entirely.
1. Elimination of Intermediaries
Traditional gold supply chain: Mine → Trader (5-8% markup) → Refiner → Bank (2-4% spread) → Dealer (3-7% premium) → Buyer. GOLDN eliminates the trader, bank, and dealer. Gold moves from our controlled mines to Metalor Technologies SA (LBMA refinery) and directly to the subscriber. The capital saved by cutting out intermediaries is reinvested into mining equipment and operations that accelerate extraction and shorten delivery timelines.
2. Forward Contract Economics
A forward offtake contract is a financing mechanism, not a spot transaction. The subscriber receives: price certainty locked at $1,550/oz, supply security via dedicated mine allocation, and significant discount to spot. The mine receives: cash flow predictability through down payments, volume commitment reducing commercial risk, and operational financing without bank debt.
3. Early-Stage Offtake Value
GOLDN is in an early operational phase. Securing committed offtake is worth more than maximizing per-ounce revenue. The first subscribers take on more risk (early-stage mine) and receive more value (price discount). As the program matures, subsequent offerings would naturally be priced closer to spot.
Comparable Industry Structures
Mining Streaming Agreements: Companies like Franco-Nevada and Wheaton Precious Metals pay upfront for future mine production at fixed, below-spot prices. Wheaton streams gold at $400-$450/oz. Forward Offtake in Agricultural Commodities: Grain producers routinely sell forward at below-spot prices for cash flow certainty. Pre-Sale in Real Estate: Developers sell units at 15-30% below expected completion value during pre-construction.
How to Verify This
Verify our mine exists: Six concessions registered with AJAM (Bolivia). See Verification page for registry links.
Verify our refining partner: Metalor Technologies SA on the LBMA Good Delivery List at lbma.org.uk.
Verify our corporate entities: Digix Inc. and Digix Equipment Trust in Delaware. Digix Holding Inc. in Panama. All searchable through government registries.
Verify the contract structure: Forward offtake under Delaware UCC Article 2. Full Confidential Offtake Memorandum available through Documents page.