达利欧谈黄金：不要纠结追涨杀跌，应该遵守这个原则

Core Viewpoint - The article discusses the recent fluctuations in international gold prices, highlighting that gold remains a safe asset compared to other risk assets, despite short-term volatility [1][2]. Group 1: Gold Price Fluctuations - International gold prices experienced a significant drop of over 12% after reaching a historical high in late January, touching a low of $4682 per ounce, but rebounded to over $5000 per ounce by February 4 [1]. - Year-on-year, gold prices have increased by approximately 65%, although they have decreased by about 16% from their peak [1]. Group 2: Investment Strategy - Ray Dalio emphasizes the importance of long-term asset allocation rather than focusing on short-term price movements, suggesting that investors should determine an appropriate allocation percentage for gold within their overall portfolio [2]. - Investors, including individuals and central banks, should consider rebalancing their asset allocation based on market conditions, reducing holdings when prices rise excessively and increasing them when prices fall significantly [2]. - Gold is highlighted as an effective diversification tool, typically performing better during challenging economic times while underperforming compared to risk assets during periods of economic prosperity [2].