Core Insights - The current surge in spot gold prices reaching the $4000 mark is causing mixed sentiments among investors regarding entry points and potential missed opportunities [1] - Historical context shows that previous spikes in gold prices, such as the rise to $1900, led to panic selling after a subsequent correction, highlighting the importance of strategic investment rather than impulsive decisions [3] - Central banks globally, including China's, have been accumulating gold, reflecting concerns over the credibility of the US dollar and geopolitical instability, which enhances gold's appeal as a safe haven [3] Investment Strategy - The current price level of $4000 is considered high, and short-term volatility is expected; therefore, investors are advised against chasing prices and risking emotional trading [3] - A recommended strategy is to wait for a price correction to the $3800-$3900 range before gradually building positions, with an asset allocation of 5%-10% in gold [3] - The fundamental reasons supporting gold's price increase remain intact, indicating a positive long-term trend, but patience is emphasized as a key component of successful long-term investing [3]