世界黄金协会中国区CEO：黄金投资永远不嫌晚

Core Viewpoint - The World Gold Council advocates the "Gold+" asset allocation concept to help investors overcome challenges in gold investment, promoting gold as a long-term strategic asset to enhance risk resilience and optimize overall returns [1][3][5]. Group 1: Challenges Faced by Investors - Investors face three main difficulties in gold investment: understanding, entry, and holding [3][4]. - "Understanding difficulty" arises from the complex factors influencing gold prices, leading many to treat gold as a speculative tool rather than a strategic asset [4][5]. - "Entry difficulty" is characterized by hesitation over whether the current price is too high, causing investors to miss opportunities [4][5]. - "Holding difficulty" refers to the challenge of maintaining long-term positions in gold, with many selling during price fluctuations instead of holding for potential long-term gains [4][5]. Group 2: Long-term Value of Gold - Over the past 50 years, gold has provided an average annual return of approximately 10%, with a cumulative increase of nearly 60% since early 2025 [5]. - The "Gold+" concept encourages a shift from short-term speculation to long-term allocation, establishing gold as a strategic core asset [5][6]. Group 3: Recommended Allocation Strategies - The World Gold Council suggests two main strategies for gold allocation: indirect allocation through institutional investors and direct allocation by individuals [5][6]. - For individual investors, it is recommended to allocate 5% to 15% of household assets to gold, depending on personal risk tolerance [6][10]. - Institutional investors, such as public FOFs, actively incorporate gold into their long-term investment strategies, emphasizing discipline and strategic positioning [10][11]. Group 4: Successful International Examples - The Texas Teacher Retirement Fund exemplifies a conservative approach to gold allocation as part of a long-term investment strategy [7]. - Bridgewater Associates, led by Ray Dalio, views gold as a safeguard against credit risk, advocating for its inclusion in strategic asset allocation rather than tactical price betting [8]. Group 5: Domestic Market Trends - Public FOFs, particularly those targeting retirement, are actively incorporating gold into their investment strategies due to regulatory frameworks and product characteristics that favor long-term, disciplined investment [10][11]. - The discipline in managing gold allocations distinguishes institutional investors from individual investors, who may be more prone to short-term trading [13]. Group 6: Practical Investment Guidance - Investors should avoid speculative mindsets and consider gold as a long-term investment, with a recommended allocation not exceeding 20% of total assets [14][15]. - A gradual approach to investing in gold, such as starting with 2% to 3% of flexible funds and increasing to 5%, is advised to mitigate risks associated with market timing [14][15]. - Regularly reviewing gold investments and taking profits without fully liquidating positions can help maintain a balanced approach [15][16]. Group 7: Future Development of "Gold+" Products - The World Gold Council plans to promote the "Gold+" concept through industry meetings and public outreach, emphasizing gold's role as a strategic asset in long-term wealth preservation [16][17].