Investing in gold mining — without buying mining stocks
When people decide to invest in gold mining, the default is gold mining stocks. But equities bring company-specific risk, management, dilution and market beta. There are other ways to get exposure to gold production — including AYNI's on-chain model.
AYNI Gold — key figures
The product behind this site — AYNI Gold: real, gold-denominated yield from a licensed Peruvian gold operation, paid in PAXG.
*Target Variable Reward is a target, not a guarantee; actual rewards vary and may be zero.
Ways to invest in gold mining
The common routes are gold mining stocks, mining ETFs, and royalty/streaming companies. Each gives some exposure to gold production, with different risk: single-company risk for stocks, diversified-but-diluted for ETFs, lower operating risk for royalties.
Gold mining stocks vs direct production exposure
Gold mining stocks can outperform gold when costs are controlled — but they also carry equity, management and dilution risk, and trade with the stock market. Direct, production-linked exposure aims to track the output and economics of a specific operation more closely.
AYNI: on-chain exposure to a licensed mine's output
AYNI links participation to the output of a licensed Peruvian gold concession. Rewards follow a transparent formula (extraction − operating costs − programme fee) and are paid in PAXG. It is a way to get gold-mining exposure that is gold-denominated and verifiable on-chain — without buying mining shares.
Know the risks
All gold-mining exposure carries operational and gold-price risk; AYNI's rewards are variable and may be zero, and participation grants no ownership of the concession, the gold or the operating company. Exposure is production-linked, not a guaranteed return.
Gold price (annual average, USD/oz, LBMA). Miners are leveraged to it. Illustrative.
| Route | What you hold | Main risk |
|---|---|---|
| Gold mining stocks | Equity in one miner | Company, management, dilution, market beta |
| Mining ETF (e.g. GDX) | Basket of miners | Diversified, but still equity/market risk |
| Royalty / streaming | Share of production | Lower operating risk; still gold price |
| AYNI (on-chain) | Production-linked, paid in PAXG | Operational + gold price; rewards may be 0 |
FAQ
- Can I get gold-mining exposure without stocks?
- Yes — beyond gold mining stocks and ETFs, royalty/streaming models and on-chain programmes like AYNI offer production-linked exposure. AYNI pays in PAXG and records its trail on-chain.
- Is AYNI safer than gold mining stocks?
- Different risk profile. AYNI avoids single-stock equity/dilution risk and pays in gold, but carries operational and gold-price risk, and rewards can be zero. It is not risk-free.