Insights Centre

Considered writing.

Letters and essays from the Maryana practice on gold options, precious metals and Canadian capital markets. Educational in nature and never personalised advice.

Featured · Gold Markets

The quiet return of gold to the reserve conversation

Central-bank purchases have moved from a curiosity to a structural force. What that means for private portfolios over the next decade.

Read the letter Alexandre Marchand · 10 min read

Recent

Recent essays

Wealth Preservation6 min

Collars for concentrated bullion positions

How to bracket the outcome band around a legacy gold holding without triggering an immediate tax event.

Investment Education8 min

Reading implied volatility on gold ETFs

A short primer on how implied volatility shapes the cost — and the opportunity — of every option we consider.

Economic Outlook7 min

Real yields, real gold

The historical relationship between gold and real interest rates — with and without a policy backdrop.

Retirement Planning6 min

Hard assets inside a Canadian retirement plan

Where bullion and metals exposure can sit within registered accounts, and the constraints that come with each.

Market Commentary9 min

Quarterly commentary: patience as a position

What we changed, what we deliberately did not change, and why.

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