Liquid Gold is the largest tier. It publishes the highest cap. Everything difficult about it is a consequence of the size, not the percentage.
Why the cap is higher
A larger commitment is being held for a longer and more complex position. A higher published cap is the programme's response to that, and it is still a ceiling — the logic in how a plan is priced applies exactly as it does to the other two tiers.
What scales with size
| Risk | Why a larger tier makes it worse |
|---|---|
| Concentration | One programme, one asset class, one market. Larger means less left outside it. |
| Timing | A bad month matters more as an absolute number than as a percentage. |
| Liquidity | More takes longer to move, and the withdrawal process is described here. |
| Decision pressure | Bigger positions are harder to hold calmly through noise. |
Who should not be in the largest tier: anyone depositing borrowed money, anyone whose plan depends on accessing the funds within the cycle, and anyone for whom a large adverse month would change their other decisions. Those are not disqualifications of judgement — they are reasons to choose a different tier.
Who it does suit
Someone with a genuinely large, long-horizon, already-diversified position who has read the Terms of Service and the Risk Disclosure and understands that the higher figure is a design parameter, not a forecast.
Most people who arrive here are better served by a smaller tier. The mistakes first-timers make explains the most common one, which is choosing a tier for the number on it.