「黄金+」：你投资组合的压舱石

Core Viewpoint - Gold should be viewed as a strategic asset for macro hedging, currency hedging, and obtaining stable long-term returns, rather than a tactical tool for short-term gains [4] Group 1: Long-term Returns - Over the past 20 years, gold has achieved an annualized return exceeding 10% when calculated in RMB, outperforming most mainstream assets over 10 and 5-year periods [8] - The long-term performance of gold is primarily driven by global GDP growth and physical gold demand, including central bank purchases, financial investments, and technological uses [8] Group 2: Currency Hedging - Gold is a globally priced asset that does not rely on any country's or institution's credit backing, making it a hedge against all fiat currencies in the context of global monetary expansion [12] Group 3: Systemic Risk Mitigation - Historical data shows that during market corrections in traditional stock-bond portfolios, gold tends to perform well, providing investors with a buffer against systemic risks [16]