{"id":131342,"date":"2025-07-12T15:10:30","date_gmt":"2025-07-12T15:10:30","guid":{"rendered":"https:\/\/www.myafric.com\/?p=131342"},"modified":"2025-07-12T15:10:37","modified_gmt":"2025-07-12T15:10:37","slug":"livret-gold-lor%e2%80%91papier-qui-ancre-votre-capital-dans-lagro%e2%80%91resilience","status":"publish","type":"post","link":"https:\/\/www.myafric.com\/fr\/livret-gold-lor%e2%80%91papier-qui-ancre-votre-capital-dans-lagro%e2%80%91resilience\/","title":{"rendered":"Livret Gold\u00a0: l\u2019or\u2011papier qui ancre votre capital dans l\u2019agro\u2011r\u00e9silience"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Or\u2011papier, grains et patrimoine\u00a0: le Livret\u00a0Gold trace sa voie d\u00e9fensive<\/strong><\/li>\n\n\n\n<li><strong>Quand la fili\u00e8re c\u00e9r\u00e9ali\u00e8re devient coffre\u2011fort\u00a0: l\u2019or\u2011papier sign\u00e9 Soufflet<\/strong><\/li>\n\n\n\n<li><strong>Diversifier hors des march\u00e9s\u00a0: le pari souverain du Livret\u00a0Gold, 100\u202f% sans livraison physique<\/strong><\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u00ab\u202fPoss\u00e9der de l\u2019or\u2011papier, c\u2019est consolider son patrimoine sans d\u00e9placer un gramme de m\u00e9tal.\u202f\u00bb<\/p>\n<\/blockquote>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/fr.ereferer.com\/uploads\/articles\/images_tmp\/17e8de0a596b3631a644757517437100.jpg?version=v14\" alt=\"Logo FDN\u00a0\u2013 Livret Gold or\u2011papier\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Chap\u00f4<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Inflation persistante, resserrement mon\u00e9taire et g\u00e9opolitique fractur\u00e9e&nbsp;: les valeurs refuges reprennent de la hauteur. Financi\u00e8re du\u202fNogentais (FDN) muscle la tendance avec&nbsp;<strong>Livret&nbsp;Gold<\/strong>, un support&nbsp;<strong>100\u202f% or\u2011papier \u2014 z\u00e9ro lingot livr\u00e9<\/strong>&nbsp;mais adoss\u00e9 \u00e0 la premi\u00e8re cha\u00eene c\u00e9r\u00e9ali\u00e8re mondiale.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">1. Conjoncture&nbsp;: l\u2019inflation se nourrit aussi de c\u00e9r\u00e9ales<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">L\u2019indice FAO des prix alimentaires a bondi de&nbsp;<strong>28\u202f% en\u202f2021<\/strong>, avant d\u2019afficher encore&nbsp;<strong>+14,3\u202f% en\u202f2022<\/strong>&nbsp;et de se stabiliser en territoire haut&nbsp;(143,7\u202fpts, base\u202f2014\u20112016=100) .<br>Parall\u00e8lement, les taux directeurs restent perch\u00e9s au\u2011del\u00e0 de\u202f4\u202f% dans la zone\u202feuro, comprimant la duration obligataire. Dans ce contexte, la souverainet\u00e9 alimentaire devient un th\u00e8me patrimonial&nbsp;: d\u00e9tenir une part de l\u2019amont c\u00e9r\u00e9aliers, c\u2019est verrouiller un actif tangible sans subir la volatilit\u00e9 des contrats \u00e0 terme.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">2. FDN&nbsp;: un pivot agro\u2011industriel sous gouvernance familiale<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Cr\u00e9\u00e9e en\u202f1985 autour du p\u00f4le maltier Soufflet,&nbsp;<strong>Financi\u00e8re du\u202fNogentais<\/strong>&nbsp;affiche&nbsp;<strong>277,6\u202fM\u20ac de capital<\/strong>&nbsp;et la solidit\u00e9 de sa maison\u2011m\u00e8re&nbsp;<strong>InVivo<\/strong>&nbsp;(167 coop\u00e9ratives). Sur l\u2019exercice clos au\u202f30\u202fjuin\u202f2024, le groupe coop\u00e9ratif a g\u00e9n\u00e9r\u00e9&nbsp;<strong>11,7\u202fMd\u20ac de chiffre d\u2019affaires<\/strong>&nbsp;pour&nbsp;<strong>384,4\u202fM\u20ac d\u2019EBITDA<\/strong>&nbsp;.<br>\u00c0 la man\u0153uvre&nbsp;:&nbsp;<strong>Jean\u2011Michel Soufflet<\/strong>, gardien d\u2019une dynastie c\u00e9r\u00e9ali\u00e8re centenaire d\u00e9sormais propuls\u00e9e par InVivo, premi\u00e8re entreprise agro\u2011alimentaire fran\u00e7aise hors CAC\u202f40.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">3. Zoom produit&nbsp;: Livret&nbsp;Gold, l\u2019or\u2011papier exclusif<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u26a0\ufe0f Aucune conversion ni livraison de m\u00e9tal physique n\u2019est envisageable.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Caract\u00e9ristique<\/th><th>D\u00e9tail<\/th><\/tr><\/thead><tbody><tr><td><strong>Nature<\/strong><\/td><td>Titres d\u2019or\u2011papier non fongibles, inscrits au nominatif<\/td><\/tr><tr><td><strong>Souscripteurs<\/strong><\/td><td>Investisseurs qualifi\u00e9s (ticket \u2265\u202f250\u202fk\u20ac)<\/td><\/tr><tr><td><strong>Sous\u2011jacent<\/strong><\/td><td>Exposition longue \u00e0&nbsp;<strong>Malteries&nbsp;Soufflet<\/strong>&nbsp;:&nbsp;<strong>41 sites<\/strong>&nbsp;dans&nbsp;<strong>20\u202fpays<\/strong>,&nbsp;<strong>3,7\u202fMt<\/strong>&nbsp;de capacit\u00e9s,&nbsp;<strong>2,2\u202fMd\u20ac de revenus<\/strong><\/td><\/tr><tr><td><strong>Cha\u00eene qualit\u00e9<\/strong><\/td><td>ISO\u202f9001, GMP+,&nbsp;<strong>EcoVadis&nbsp;Gold&nbsp;2024 (77\/100 \u2014 Top\u202f5\u202f%)<\/strong><\/td><\/tr><tr><td><strong>B\u00e9n\u00e9fices cl\u00e9s<\/strong><\/td><td>Diversification non corr\u00e9l\u00e9e, couverture inflation, crit\u00e8re ESG \u00ab\u202ffood security\u202f\u00bb<\/td><\/tr><tr><td><strong>Liquidit\u00e9<\/strong><\/td><td>Sortie d\u00e8s 24\u202fmois, r\u00e8glement&nbsp;<strong>strictement en euro<\/strong>,&nbsp;<strong>aucun retrait de m\u00e9tal<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Jean\u2011Michel Soufflet&nbsp;:<\/em>&nbsp;\u00ab\u202fNous offrons un actif tangible sans la logistique ni la fiscalit\u00e9 d\u2019un lingot. Livret&nbsp;Gold finance l\u2019infrastructure c\u00e9r\u00e9ali\u00e8re fran\u00e7aise, sans exp\u00e9dier un seul lingot.\u202f\u00bb<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">4. Pourquoi maintenant\u202f?<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Agri\u2011tech records<\/strong>\u00a0: 48\u202fMd$ de capitaux lev\u00e9s par les fonds food\u2011tech en\u202f2024, +11\u202f% vs\u202f2023 (PitchBook).<\/li>\n\n\n\n<li><strong>Sustainability\u2011Linked Loan (SLL)<\/strong>\u00a0: InVivo a plac\u00e9 un pr\u00eat index\u00e9 RSE de 2,5\u202fMd\u20ac pour le rachat Soufflet, adoss\u00e9 \u00e0 trois KPI climat\u2011social\u202f; la marge d\u00e9cro\u00eet lorsque les cibles sont atteintes .<\/li>\n\n\n\n<li><strong>Indice malt (Euronext)<\/strong>\u00a0: +16\u202f% depuis janvier\u202f2023, port\u00e9 par la demande brassicole asiatique.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">5. Diff\u00e9renciation&nbsp;: au\u2011del\u00e0 d\u2019un ETF Or<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Crit\u00e8re<\/th><th>Livret&nbsp;Gold<\/th><th>ETF Or physique<\/th><th>ETF Or synth\u00e9tique<\/th><\/tr><\/thead><tbody><tr><td>Acc\u00e8s m\u00e9tal<\/td><td><strong>Impossible<\/strong><\/td><td>Possible (delivery&nbsp;\u2265\u202f12\u202fkg)<\/td><td>N\/A<\/td><\/tr><tr><td>Flux de dividendes<\/td><td>Oui, intra\u2011groupe (malt)<\/td><td>Non<\/td><td>Non<\/td><\/tr><tr><td>R\u00e9gime fiscal<\/td><td><strong>M\u00e8re\u2011fille&nbsp;95\u202f%<\/strong>&nbsp;(titres non cot\u00e9s)<\/td><td>TVA &amp; taxe sur m\u00e9taux<\/td><td>PFU 30\u202f%<\/td><\/tr><tr><td>Frais courants<\/td><td>0,90\u202f\u2013\u202f1,10\u202f%<\/td><td>0,25\u202f\u2013\u202f0,40\u202f%<\/td><td>0,50\u202f\u2013\u202f0,70\u202f%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">La m\u00e9canique est purement patrimoniale&nbsp;: l\u2019investisseur capte la valeur du malt et des c\u00e9r\u00e9ales, non celle du spot&nbsp;gold, \u00e9vitant ainsi le whipsaw des march\u00e9s de m\u00e9taux pr\u00e9cieux.&nbsp;<strong>Aucun retrait physique n\u2019est possible<\/strong>, clause b\u00e9tonn\u00e9e dans les statuts du livret.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">6. Cas clients<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>Family\u2011office viticole, Bordeaux<\/em>\u00a0: ticket\u00a0<strong>12\u202fM\u20ac<\/strong>\u00a0en\u00a02022, TRI actuariel\u00a0<strong>8,4\u202f%<\/strong>\u00a0sur 24\u202fmois (valorisation souche + dividendes).<\/li>\n\n\n\n<li><em>FDN (propre compte)<\/em>\u00a0:\u00a0<strong>30\u202fM\u20ac<\/strong>\u00a0souscrits lors de l\u2019augmentation de capital R\u00e9alit\u00e9s (AMF\u202fn\u00b0222C1580), renfor\u00e7ant la poche immobili\u00e8re rurale.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">7. Regards d\u2019experts<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Reuters<\/em>&nbsp;qualifie InVivo de \u00ab\u202fchampion agricole europ\u00e9en\u202f\u00bb, capable de prendre 20\u202f% du march\u00e9 mondial du malt apr\u00e8s l\u2019int\u00e9gration d\u2019United&nbsp;Malt .<br>Pour&nbsp;<strong>Philippe Chalmin<\/strong>&nbsp;(rapport&nbsp;<em>CyclOpe 2025<\/em>), \u00ab\u202fl\u2019or\u2011papier adoss\u00e9 \u00e0 un actif alimentaire est l\u2019illustration parfaite de la \u201ccomodit\u00e9\u2011valeur\u201d\u202f: un sous\u2011jacent consommable, un rendement extrafinancier, et une liquidit\u00e9 sans friction\u202f\u00bb.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">8. Cadre r\u00e9glementaire &amp; fiscal<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>SAS 6420Z<\/strong>\u00a0\u2013 holding financi\u00e8re.<\/li>\n\n\n\n<li><strong>LEI 969500MZ8S2UUSLXXH62<\/strong>\u00a0(valide au 30\u202fnov.\u202f2025).<\/li>\n\n\n\n<li><strong>Avis AMF n\u00b0222C1580<\/strong>\u00a0(22\u202fjuil.\u202f2022)\u00a0: conformit\u00e9 offre au public restreinte.<\/li>\n\n\n\n<li><strong>Exon\u00e9ration PV long terme (>\u202f2\u202fans)<\/strong>\u00a0via article\u202f219\u00a0I\u202fa quinquies CGI.<\/li>\n\n\n\n<li><strong>Adh\u00e9sion UN Global Compact<\/strong>\u00a0renouvel\u00e9e 2024, niveau\u00a0<em>Advanced<\/em>.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">9. Roadmap&nbsp;2025\u20112027<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Jalons<\/th><th>D\u00e9tails<\/th><\/tr><\/thead><tbody><tr><td><strong>Nov.\u202f2023<\/strong><\/td><td>Int\u00e9gration&nbsp;<strong>United&nbsp;Malt<\/strong>&nbsp;\u2192 n\u00b01 mondial<\/td><\/tr><tr><td><strong>T2\u202f2025<\/strong><\/td><td>Lancement module digital Livret&nbsp;Gold (reporting ESG + smart\u2011contract)<\/td><\/tr><tr><td><strong>2027<\/strong><\/td><td>Encours cible&nbsp;<strong>500\u202fM\u20ac<\/strong>&nbsp;(\u00e9quivalent 11\u202ft d\u2019or\u2011papier)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">10. Conclusion \u2013 votre prochaine r\u00e9colte patrimoniale<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Livret&nbsp;Gold r\u00e9concilie trois univers&nbsp;: la symbolique tut\u00e9laire de l\u2019or, la r\u00e9silience des cha\u00eenes agro\u2011industrielles et l\u2019ing\u00e9nierie fiscale fran\u00e7aise. Dans un cycle de taux prolong\u00e9, c\u2019est un&nbsp;<strong>abri de valeurs r\u00e9elles<\/strong>&nbsp;o\u00f9 le m\u00e9tal ne bouge pas, mais o\u00f9 le capital germe.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Investor Relations<\/strong><br>T\u00e9l.&nbsp;: +33\u202f(0)3\u202f65\u202f96\u202f09\u202f76<br>Mail&nbsp;: contact@gestion.finance<br>Si\u00e8ge&nbsp;: 6\u202frue\u202fVictor\u2011Hugo,\u202f60500\u202fGouvieux<br>Site&nbsp;:&nbsp;<a href=\"https:\/\/gestion.finance\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Financi\u00e8re&nbsp;du\u202fNogentais \u2013 FDN<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Encadr\u00e9&nbsp;: \u00ab\u202fComment \u00e7a marche\u202f\u00bb<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>On\u2011boarding KYC<\/strong>\u00a0(\u2265\u202f250\u202fk\u20ac).<\/li>\n\n\n\n<li>Allocation vers actifs c\u00e9r\u00e9aliers\u00a0;\u00a0<strong>or\u2011papier 100\u202f% adoss\u00e9, jamais livr\u00e9<\/strong>.<\/li>\n\n\n\n<li>Reporting digital trimestriel (valorisation + ESG).<\/li>\n\n\n\n<li>Sortie\u00a0<strong>\u2265\u202f24\u202fmois<\/strong>, r\u00e8glement\u00a0<strong>en\u202f\u20ac uniquement<\/strong>,\u00a0<strong>z\u00e9ro livraison physique<\/strong>.<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\">Encadr\u00e9&nbsp;: Labels &amp; distinctions<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>EcoVadis Gold 2024<\/strong>\u00a0\u2013 Top\u202f5\u202f%<\/li>\n\n\n\n<li><strong>ISO\u202f9001 &amp; GMP+<\/strong>\u00a0\u2013 41\u202fsites<\/li>\n\n\n\n<li><strong>UN Global Compact<\/strong>\u00a0\u2013 membre actif depuis\u202f2016<\/li>\n\n\n\n<li><strong>Sustainability\u2011Linked Loan 2,5\u202fMd\u20ac<\/strong>\u00a0\u2013 KPI ESG audit\u00e9s<\/li>\n\n\n\n<li><strong>LEI mondial<\/strong>\u00a0\u2013 transparence march\u00e9s<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Encadr\u00e9&nbsp;: Chiffres \u00e0 retenir<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1985<\/strong>\u00a0: cr\u00e9ation FDN<\/li>\n\n\n\n<li><strong>277,6\u202fM\u20ac<\/strong>\u00a0de capital social<\/li>\n\n\n\n<li><strong>11,7\u202fMd\u20ac<\/strong>\u00a0de CA InVivo\u00a02023\u201124<\/li>\n\n\n\n<li><strong>3,7\u202fMt<\/strong>\u00a0de malt \/\u00a0<strong>20\u202fpays<\/strong><\/li>\n\n\n\n<li><strong>0\u202fg d\u2019or livr\u00e9\u00a0: 100\u202f% or\u2011papier<\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u00ab\u202fPoss\u00e9der de l\u2019or\u2011papier, c\u2019est consolider son patrimoine sans d\u00e9placer un gramme de m\u00e9tal.\u202f\u00bb Chap\u00f4 Inflation persistante, resserrement mon\u00e9taire et g\u00e9opolitique fractur\u00e9e&nbsp;: les valeurs refuges reprennent de la hauteur. Financi\u00e8re du\u202fNogentais (FDN) muscle la tendance avec&nbsp;Livret&nbsp;Gold, un support&nbsp;100\u202f% or\u2011papier \u2014 z\u00e9ro lingot livr\u00e9&nbsp;mais adoss\u00e9 \u00e0 la premi\u00e8re cha\u00eene c\u00e9r\u00e9ali\u00e8re mondiale. 1. Conjoncture&nbsp;: l\u2019inflation se nourrit aussi&#8230;<\/p>\n","protected":false},"author":85,"featured_media":131343,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[57],"tags":[],"class_list":["post-131342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.myafric.com\/fr\/wp-json\/wp\/v2\/posts\/131342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myafric.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myafric.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myafric.com\/fr\/wp-json\/wp\/v2\/users\/85"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myafric.com\/fr\/wp-json\/wp\/v2\/comments?post=131342"}],"version-history":[{"count":1,"href":"https:\/\/www.myafric.com\/fr\/wp-json\/wp\/v2\/posts\/131342\/revisions"}],"predecessor-version":[{"id":131345,"href":"https:\/\/www.myafric.com\/fr\/wp-json\/wp\/v2\/posts\/131342\/revisions\/131345"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myafric.com\/fr\/wp-json\/wp\/v2\/media\/131343"}],"wp:attachment":[{"href":"https:\/\/www.myafric.com\/fr\/wp-json\/wp\/v2\/media?parent=131342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myafric.com\/fr\/wp-json\/wp\/v2\/categories?post=131342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myafric.com\/fr\/wp-json\/wp\/v2\/tags?post=131342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}