Two ways to hold gold
Buying metal — coins, bars, or a fund that holds bullion — gives you exposure to one thing: the gold price. It does not produce anything. Your outcome is the difference between the price you paid and the price you sell at, minus storage and spread.
Holding a share of the assets that produce gold behaves differently. Output, operating cost, equipment utilisation and the gold price all feed the result. That is more moving parts, and more that can go wrong — but it is also the difference between owning a price and owning a business.
What a participation represents
A Teqwah participation is a unit in a pooled venture, not a loan and not a fixed coupon. Capital in the pool funds mining land, machinery, gold sourcing and related assets. Participants share in what those assets net, in proportion to their share of the pool.
Costs and the landowner's agreed share come off first. Only the net profit that remains is shared — the majority to participants, the balance to Teqwah for managing the operation. There is no interest element anywhere in that structure.
How value is measured
Each participation carries a recorded value per unit that is updated as the underlying assets are revalued. That figure, not a market quote, is what your holding is measured against — participations are not listed or traded on an exchange.
Your dashboard shows the units you hold, the value recorded against them, and what you originally paid, so the difference is always visible rather than asserted.
What can go wrong
Output varies. Equipment breaks. Grades disappoint. The gold price falls. Every projection on this site is a model with a variability band, not a promise, and no return is guaranteed at any point.
- Production can come in materially below plan.
- A falling gold price reduces the value of the same output.
- Participations are not listed; exit is through the pool, not a market.