Featured · Macro
The quiet return of gold to the reserve conversation.
10 min read·Q3 Letter
A Canadian Investment Practice · Est. Toronto
Maryana Capital Inc.
Gold. Options. A more disciplined approach to wealth.
Maryana Capital Inc. is an independent investment management firm based in Toronto, Ontario, Canada. We produce in-house research on gold, precious metals and options-based strategies, and provide portfolio management and investment management services through a structured, suitability-led consultation process.
- IndependentResearch produced in-house, not sponsored by issuers
- Senior-ledEvery mandate handled by a senior partner
- Toronto, OntarioOperating within applicable Canadian securities regulatory requirements
Gold Spot · Illustrative
$2,412.85 +0.42%
XAU / USD
1 oz
High
2,431
Low
2,388
Vol
82.4k
Illustrative pricing, not a live trading feed. Educational content only — not personalised advice.
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Illustrative market data · not live pricing
XAU/USD2,412.85+0.42%◆GOLD FUT2,428.10+0.51%◆SILVER31.24+0.18%◆CAD/USD0.7314-0.09%◆TSX GOLD342.71+1.02%◆10Y YIELD3.68%-0.03◆PLATINUM978.40+0.24%◆COPPER4.42-0.12%◆BRENT82.15+0.06%◆DXY104.28-0.11%◆XAU/USD2,412.85+0.42%◆GOLD FUT2,428.10+0.51%◆SILVER31.24+0.18%◆CAD/USD0.7314-0.09%◆TSX GOLD342.71+1.02%◆10Y YIELD3.68%-0.03◆PLATINUM978.40+0.24%◆COPPER4.42-0.12%◆BRENT82.15+0.06%◆DXY104.28-0.11%◆
Illustrative market data · not live pricing
Incorporated
Ontario, Canada
Business Number
832175574
Ontario Registry ID
8742740
NRD Number
59860
Who we are
About Maryana Capital Inc.
Maryana Capital Inc. is an independent Canadian investment firm based at One St Clair Avenue East, Suite 608, Toronto, Ontario. The firm is incorporated in Ontario (Business Number 832175574, Registry ID 8742740, NRD 59860) and works with individuals, families and institutions who want considered exposure to gold and precious metals.
Our work is research-led: we study the gold market, publish written insights, and design options-based strategies suited to each client's objectives, time horizon and tolerance for risk. Every engagement begins with documented suitability, plain-language risk disclosure and a clearly defined mandate. Maryana Capital Inc. operates this website at maryana.ca.
Trust Centre
Why investors work with Maryana.
Credibility in financial services comes from disclosure, process and consistency — not from promises. These are the standards we hold ourselves to on every engagement.
Client Focused
Every mandate is led by a senior partner. Advice is shaped around your objectives, not a product shelf.
Professional Research
Independent, documented research underpins every strategy we discuss with a client.
Risk Management
Defined-risk structures, written risk discussion, and suitability review before any recommendation.
Confidential Consultations
Private, unhurried conversations. Your information is handled with strict discretion.
Market Insights
Regular commentary on gold, options, and Canadian markets — written for investors, not for clicks.
See how we are structured, paid and governed.
Our Trust Centre sets out our professional standards, research policy and communication commitments in full.
Consultations are confidential and without obligation.
What We Bring
Capability, described honestly.
We do not publish performance figures or client counts we cannot substantiate. Instead, here is precisely what a relationship with our practice gives you access to.
Industry Experience
Partners with careers spent in Canadian metals trading, equity research, advisory and compliance.
Investment Research
In-house research on gold, precious metals and macro conditions, with sources disclosed.
Professional Consultation
Structured, confidential consultations with a senior adviser — never a call-centre script.
Educational Resources
Guides, checklists and glossaries written to make you a more capable investor, free of charge.
Market Analysis
Regular commentary connecting rates, currencies and policy to what it means for your portfolio.
Put our research to work on your questions.
Bring us a holding, an opportunity, or simply a question you have not been able to get a straight answer to.
Consultations are confidential and without obligation.
Investment Process
From first conversation to ongoing oversight.
A documented process helps prospective clients understand suitability, decisions, responsibilities, costs and account arrangements before capital is committed.
- STEP 01
Discovery & Initial Consultation
We discuss investment objectives, financial circumstances, experience, risk tolerance, time horizon, liquidity requirements and diversification goals. This stage determines whether Maryana's services may be appropriate; contacting the firm does not guarantee acceptance as a client.
- STEP 02
Investor & Suitability Assessment
Relevant client information is collected and reviewed before a strategy is recommended or implemented. Identity, source-of-funds and other AML/KYC requirements form part of the onboarding and suitability process.
- STEP 03
Strategy Development
Maryana develops an approach for the applicable mandate using portfolio construction, asset allocation, diversification, risk management, market research and investment selection. Options are considered only where appropriate; clients do not all receive the same strategy.
- STEP 04
Review & Client Approval
The proposed strategy, applicable risks, fees, account arrangements and relevant documents are reviewed before capital is committed. Clients should understand each of these elements before deciding to proceed.
- STEP 05
Account Opening & Funding
The client completes the required agreements and follows the funding instructions in the applicable account documentation. That documentation identifies the institution holding and administering assets and distinguishes its role from Maryana's investment-management role.
- STEP 06
Investment Implementation
Once the applicable account, agreements and funding requirements are complete, the agreed strategy can be implemented according to the mandate. Options, where used, involve additional risks and may involve additional transaction costs.
- STEP 07
Ongoing Management & Monitoring
Maryana monitors investments, markets and risks, reviews the strategy, communicates with the client and provides applicable reporting. Client information and suitability are reviewed periodically and after material changes, where applicable.
- STEP 08
Client Access & Withdrawals
Clients can contact Maryana with account or strategy questions. Withdrawal or redemption requests are handled under the applicable account and investment terms; timing, liquidation requirements, restrictions and costs may vary, and no processing time is guaranteed.
999.9 · FINE GOLD
TORONTO VAULT
The Firm · 01
A quieter kind of wealth firm.
We were founded on a straightforward conviction: in a market saturated with noise, patient allocation to gold — expressed through carefully constructed option strategies — remains one of the most elegant instruments of preservation and growth.
Maryana Capital Inc. is deliberately boutique. Every engagement is led by a senior partner. Every strategy is built for the mandate in front of us — never packaged, never copied.
The Metal · 02
Why gold, and why now.
Five thousand years of monetary memory, priced in real time. Below, four reasons gold occupies a permanent chair in serious portfolios.
Sovereign hedge
A non-liability, non-correlated store of value across regimes.
01 / 04
Central bank demand
Global reserves record year — an enduring structural bid.
02 / 04
Real yield sensitivity
Positions elegantly around inflation and real interest cycles.
03 / 04
Optionality
Options amplify convictions while defining downside geometry.
04 / 04
Anatomy of a Trade
A defined-risk call on strength.
Illustrative · XAU
Max risk
Defined
Horizon
3–12 mo
Upside
Variable
Education · 03
How gold options work.
An option is a right — not an obligation — to buy or sell gold at a set price, over a set period. Used with discipline, options let us shape a portfolio's exposure to gold with precision: expressing conviction on direction, hedging drawdown, or generating income from positions we already hold.
01
Calls
Participate in upside with defined premium at risk.
02
Puts
Insure against declines while remaining fully allocated.
03
Spreads
Sculpt a payoff that matches a specific market thesis.
04
Collars
Bracket outcomes for concentrated gold holdings.
The Engagement · 04
A documented client journey.
From suitability and strategy review through account funding, implementation and ongoing oversight.
I
Discovery & Suitability
Objectives, circumstances, experience, risk and liquidity needs are reviewed before a service is proposed.
II
Strategy & Documentation
The tailored approach, risks, fees, account arrangements and required documents are reviewed before commitment.
III
Funding & Implementation
After account, agreement and funding requirements are complete, the agreed mandate can be implemented.
IV
Monitoring & Access
Ongoing research, risk monitoring, reporting, communication and applicable suitability review continue.
Notes from the Practice · 05
Market insights.
01
Strategy
Collars for concentrated bullion positions
6 min
02
Education
Reading implied volatility on GLD
8 min
03
Canadian Markets
Junior miners: a tactical primer
5 min
A Personal Invitation
Let's compose something
worth keeping.
Consultations are private, unhurried, and without obligation. We accept a limited number of new client engagements each quarter.