SYNTHESIS Capital Management B.V.
Physical Gold Trading | Fixed-Income Investments | Real Asset Ownership
Premier platform for gold-backed structured notes, offering income, liquidity, and direct ownership in high-purity gold bullion.
About SYNTHESIS
Headquarters: Amsterdam | Operations: Zambia, Dubai, Italy (expanding: Sierra Leone, Uganda)
Over $25 billion in commodities trading experience and a robust management team.
Mission: Bridge the gap between passive gold investing (ETFs, bullion) and true value generation with active, secure, yield-enhancing gold trading.
The Synthesis Solution:
Active Physical Trading for Enhanced Margins
At Synthesis, we transcend the limitations of passive exposure. As active physical gold traders, we employ a full suite of trading tools to extract value from every aspect of the physical commodity chain. Our model is designed to enhance margins without proportionately increasing risk, improving profitability in both rising and falling markets.
Our Value-Generation Strategies
We generate returns through a multi-faceted approach that capitalizes on market inefficiencies:
| Strategy | Description |
|---|---|
| Logistics Optimization | Profiting from regional supply-demand imbalances by moving gold from areas of surplus to areas of high demand. |
| Transformation Arbitrage | Unlocking value by converting product forms, such as from dore (unrefined) to investment-grade refined bullion. |
| Price Dislocation Trading | Leveraging our sourcing expertise to buy gold cheaper, often below the spot price, from a network of trusted suppliers. |
| Strategic Sales | Maximizing returns by selling into premium markets where demand is highest and prices are optimal. |
These activities create multiple profit pathways, ensuring our strategy is not solely reliant on upward price movements. In a rising market, our value-added strategies amplify returns beyond the underlying price move. In a falling market, we continue to profit from arbitrage in logistics and transformation, while passive investors absorb the full downside exposure.
Product: Gold-Backed Income
& Ownership Notes
Investment Model
Gold-backed collateralized notes, secured by dore in vaults and refined into bullion
Investors receive both income (fixed yield) and the option for actual gold ownership.
Key Terms
Target returns: up to 25% yearly (via revenue/profit share)
12% fixed coupon (first 18 months)
25% profit participation from trading operations
25% of capital directly allocated to high-purity gold (99.995%), stored in bank vaults
Option for physical gold withdrawal
Bi-monthly liquidity, short-term investment windows (1-3 year terms).
Process
Sourcing dore (purity 96-98%) from vetted miners in Zambia, Uganda, Sierra Leone
Full assay, secure vaulting, export via licensed processes to Dubai and EU
Fast refining (4–8 hours) via Hestia Gold, bullion sold at market price.
Transparency & Security
Institutional-grade custody, insurance, full audit trail
All trading and financial flows accessible through investor portal.
Competitive Advantages
Yield + Ownership: Income from gold trading, not just passive appreciation
Higher Margins: Arbitrage, logistics, and value-add strategies that work in both rising and falling markets
Operational Control: From mine to vault, secure and compliant at every step.
Flexible Liquidity: Investors can exit with 3 weeks' notice
Scalability: From initial 100kg/month up to 300kg/month, with plans for upstream mining and gold tokenization.
How It Works
From mine to market — every gram secured, refined, and transparently managed for lasting value.
Latest Insights & News
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Sample Returns
& Financials
- Example: Buy 100kg dore at $100k/kg (96% purity), refine and sell at $140k/kg (LBMA, 99.9%)
- Export taxes, logistics, and refining total costs approx. 11–12%
- Gross profit margin per transaction: approx. 17%.
- Typical return on outlay per deal: 13–21% per transaction (multiple cycles per year, compounding effect).
Why Invest
Investing with SYNTHESIS Capital Management combines the stability of physical gold with the performance of active trading. Our Gold-Backed Income & Ownership Notes are designed to deliver consistent returns, real asset security, and full transparency through a proven, compliant investment framework.
Attractive, predictable yields (fixed + revenue share)
Real, physical collateral for downside protection
Full transparency and independent oversight
Proven, compliant operations with robust risk controls
Opportunity for both institutional and private investors
Why Invest
Investing with SYNTHESIS Capital Management combines the stability of physical gold with the performance of active trading. Our Gold-Backed Income & Ownership Notes are designed to deliver consistent returns, real asset security, and full transparency through a proven, compliant investment framework.
Attractive, predictable yields (fixed + revenue share)
Real, physical collateral for downside protection
Full transparency and independent oversight
Proven, compliant operations with robust risk controls
Opportunity for both institutional and private investors
Management Team & Advisors
Our management team, based in Amsterdam, Zurich, Dubai, and Zambia, brings a wealth of experience across finance, commodities, and technology.
Spyros Papadopoulos
Founder – 26 years, structured finance & alternatives
David Faktor
Co-founder – 45 years, cross-border trade & commodities
Nancy Papaioannou
Managing Partner – Economic consulting, ex-president Atlantic Bank NY
Shiny Kundu
Chief of Staff – 12 years, financial markets research.
Advisors & Board
Seasoned professionals in finance, compliance, structured products, and gold logistics
Africa Ops
Experienced, on-the-ground leadership for sourcing/trading.
Next Steps & Contact
This structure is suitable for a professional website that gives clear, compelling insight into SYNTHESIS Capital Management and its gold-backed investment offerings, designed for both credibility and clarity to investors.
- 221025-SYNTHESIS_Investor_Pitch.docx
- 221025-Investor_Proposal_Updated.docx
- intro_cover_221025_final_updated.docx
Immediate issuance of first $25M structured note program
Early investor bonus: Potential for equity/options in SYNTHESIS
Investor onboarding and due diligence portal available
Contact SYNTHESIS Capital Management for materials, onboarding, and documentation.
