永赢基金王乾：关注黄金、铜、能源金属与战略性矿产的配置价值

Core Viewpoint - In the context of a restructuring global monetary system and frequent geopolitical disturbances, tangible assets are seen as a viable option to hedge against uncertainties [1] Group 1: Macroeconomic Environment - The current macroeconomic landscape is characterized by "high inflation expectations, high deficits, and low inventories" [1] - The allocation value of resource products is highlighted by their "irreplaceable physical credit" and "anti-inflation properties" [1] Group 2: Investment Opportunities - Gold is identified as a core anchor in the restructuring of the global monetary system, with central banks continuing to increase the proportion of gold in their foreign exchange reserves [1] - Copper is noted for its role as an electrical metal, with a potential supply-demand gap expected to persist over the next 3-5 years due to the demand from AI data centers and power grid upgrades [1] - Energy metals and strategic minerals such as lithium, cobalt, and certain rare metals are emphasized, with the explosive growth in the downstream energy storage industry driving lithium demand beyond expectations [1]