Risk disclosure

A mandate carried out exactly as you authored it can still lose money, including a substantial amount of it. Correct execution and a good outcome are different things, and only the first is within anyone's control.

A ceiling constrains how much of your position may sit in one place. A loss tolerance stands a mandate down when it is reached. Neither prevents loss, and neither guarantees that a stand-down happens at the price you would have chosen.

In a fast or illiquid market, the level at which a mandate actually stands down can differ materially from the level that triggered it.

Gold has held value across five thousand years and has also fallen for a decade at a time. Long periods of decline are a normal feature of its history, not an aberration in it.

Nothing about gold's longevity implies anything about its price next year.

No figure anywhere on this site, in a document we send you, or in a conversation with us should be read as an indication of future return. Where we show a number, it describes something that already happened under conditions that will not recur identically.

A system that acts continuously will act during conditions no one anticipated. We mitigate this by preferring to stop and explain rather than proceed and improvise — but a mandate that holds position during a dislocation is still exposed to that dislocation.

Equally, a mandate that stands itself down can miss a recovery. Stopping is not costless.

Software, networks and the venues on which any asset is priced can all fail or become unavailable. Our continuity posture is designed so that your limits hold through degradation and so that no failure is silent, but availability is a target rather than a guarantee.

Entering or leaving a position is not instantaneous and is not free. Conditions at the moment of action may differ from conditions at the moment of decision, sometimes considerably.

Gold is priced in a currency that is not necessarily yours, and currency movement can dominate the result. Tax treatment depends entirely on where you are established and is not something we advise on.

Ventureship does not provide investment, legal or tax advice through Gold AI, this website, or any conversation with our team. Decisions about whether to hold gold at all, and in what size, are yours.

If you need advice, take it from someone whose role is to give it and who is regulated to do so.

Authoring a mandate costs nothing and commits you to nothing. A mandate you have written but not armed carries no market risk whatsoever. Leaving it unarmed until you are certain is always the correct choice, and we would rather you did.