At a time of growing geopolitical risk and market uncertainty, it's natural for investors to load up on safe investments. Two common options are gold and silver. Investing in precious metals has long been associated with safety and stability, and has been a good way for investors to diversify. In the past year, both of these metals have been soaring in value and have been much more volatile than usual. The iShares Silver Trust (NYSEMKT: SLV) can help track the price of silver, while SPDR Gold Shares (NYSEMK ...

Core Insights - Gold prices have experienced significant fluctuations over time, particularly influenced by economic policies, inflation, and global events [1][10] Historical Gold Prices - In 1900, the price of gold was $19 per ounce, allowing an investment of $1 million to purchase approximately 52,743 ounces, which would be worth about $273.4 million in 2026 [3][10] - By 1980, the price surged to $615 per ounce, drastically reducing the number of ounces purchasable with $1 million to 1,626, valued at $8.4 million today [3][17] - As of 2026, the projected price of gold is $5,185 per ounce, allowing for the purchase of 192.8 ounces with $1 million [3][16] Factors Influencing Gold Prices - Inflation is a primary driver for gold prices, with historical spikes occurring during periods of high inflation, such as the late 1970s when inflation rates were in double digits [5][6] - Concerns regarding federal debt and government financial stability lead investors to seek gold as a safe haven [7] - Consumer demand for gold, including jewelry and investment products, has increased, with retailers making gold more accessible to the public [8][9] Recent Trends and Market Context - From 2016 to 2026, gold prices are expected to rise from $1,250 to $5,185 per ounce, reflecting ongoing economic uncertainties [10][16] - The 2020s have seen significant market disruptions, further driving interest in gold as a stable investment [16] - Comparatively, investments in gold have underperformed against the stock market, with a $1 million investment in the S&P 500 in 1980 now worth $189 million, while the same amount in gold would be worth $8.4 million [17]

Core Insights - The iShares Silver Trust (SLV) has higher fees and greater volatility compared to the iShares Gold Trust (IAU), but it has shown stronger recent returns [1][2] - IAU is characterized by lower costs and a larger asset pool, making it appealing for cost-conscious investors [1][4] Cost & Size Comparison - SLV has an expense ratio of 0.50%, while IAU has a lower expense ratio of 0.25% [3][4] - As of February 6, 2026, SLV's one-year return is 138.9%, compared to IAU's 73.0% [3] - SLV has assets under management (AUM) of $47.3 billion, whereas IAU has a larger AUM of $78.0 billion [3] Performance & Risk Analysis - Over a five-year period, a $1,000 investment in SLV would grow to $2,764, while the same investment in IAU would grow to $2,672 [5] - SLV provides targeted access to silver, while IAU offers pure-play exposure to gold [5][6] - Both funds do not disclose individual holdings as they hold physical metals, and they are designed for straightforward exposure to the underlying metal prices [6] Investment Implications - Owning a precious metals ETF can diversify a portfolio and serve as a hedge against inflation, with SLV and IAU being two respected options in this category [7]

Core Viewpoint - Minyin Capital (01141) announced the purchase of notes worth a total principal amount of 10 million USD (approximately 78.06 million HKD) on February 10, 2026, as part of its investment strategy [1] Group 1: Investment Details - The company’s wholly-owned subsidiary, Minyin Investment (Hong Kong), acquired the notes in the over-the-counter market for a total consideration of approximately 10.34 million USD (around 80.72 million HKD) [1] - The purchase of the notes is intended for investment purposes, providing the company with opportunities to balance and diversify its investment portfolio [1] Group 2: Strategic Alignment - The board believes that the acquisition aligns with the company’s investment strategy and offers stable returns [1] - The board considers the purchase to be fair and reasonable, serving the overall best interests of the company and its shareholders [1]

Core Viewpoint - Minyin Capital (01141) has announced the purchase of a note with a principal amount of 10 million USD (approximately 78.06 million HKD) through its wholly-owned subsidiary, Minyin Investment (Hong Kong), on the over-the-counter market, for a total consideration of approximately 10.34 million USD (approximately 80.72 million HKD) [1] Investment Strategy - The purchase of the note is intended for investment purposes, providing the company with opportunities to balance and diversify its investment portfolio, while also generating stable returns [1] - The board believes that the acquisition, along with subscription matters and previous purchases, aligns with the company's investment strategy and is fair and reasonable, serving the overall best interests of the company and its shareholders [1]

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 文章来源：金十数据 即便许多金属投资者可能仍对黄金上周五12%的暴跌心有余悸，传奇投资者、著名的对冲基金创始人达 利欧（Ray Dalio）表示，他并未被金价的大幅下挫所困扰。 达利欧周三在世界政府峰会（World Governments Summit）上阐述了黄金为何仍应是投资者投资组合的 一部分时指出，这是因为黄金仍然是一种避险资产。 这位桥水基金创始人在这场于迪拜举行的会议上指出，世界各国央行仍持有大量黄金。去年，黄金已超 越欧元成为第二大储备资产。 "我认为，如果人们——那些制定政策的人等等——要表态的话，他们会说，在这种环境下，黄金是最 安全的货币，"达利欧说。 达利欧补充道，黄金的安全性也"不会因日而异"，他指的是黄金作为对冲通胀工具和法币替代品的长期 地位。 尽管黄金价格较其历史高点仍下跌了7%，但其在过去一年中上涨了71%。"我认为人们犯了一个错误， 总在想'它是会涨还是会跌，我该买吗？'"达利欧说，并建议一个更好的问题应该是：投资者应将总资 产的多少比例配置给黄金。 上周，随着投资者消化特朗普提名凯文·沃什（Kevin War ...

本集团认购及购买证券作投资用途。董事认为，认购事项及购买事项为本集团提供平衡及多元化投资组 合的机会，并为本集团带来稳定回报。认购事项及购买事项符合本集团的投资策略。董事认为，认购事 项及购买事项属公平合理，且符合本公司及股东的整体最佳利益。 于2026年2月4日，民银投资(香港)已于场外交易市场购买本金总额为1141万美元(相当于约8906.65万港 元)的证券，总代价为约1148.92万美元(相当于约8968.47万港元)。 民银资本(01141)发布公告，本公司全资附属公司民银投资(香港)已透过牵头经办人认购发行人 MINMETALS CAPITALS&SECURITIES,INC发行的证券，而于2025年12月8日(交易时段后)，有关指令 已获确认且民银投资(香港)已获分配证券，总认购金额为100万美元(相当于约780.6万港元)，总代价为 100万美元(相当于约780.6万港元)，不包括交易成本。 ...

Core Viewpoint - Minyin Capital (01141) has announced that its wholly-owned subsidiary, Minyin Investment (Hong Kong), has subscribed to securities issued by Minmetals Capitals & Securities, Inc, with a total subscription amount of $1 million (approximately HKD 7.806 million) confirmed on December 8, 2025 [1] Group 1 - Minyin Investment (Hong Kong) purchased securities in the over-the-counter market for a total principal amount of $11.41 million (approximately HKD 89.0665 million) on February 4, 2026, with a total cost of approximately $11.4892 million (approximately HKD 89.6847 million) [1] - The subscriptions and purchases of securities are intended for investment purposes, providing opportunities for a balanced and diversified investment portfolio [1] - The board believes that the subscription and purchase matters are fair and reasonable, aligning with the overall best interests of the company and its shareholders [1]

Core Viewpoint - Realty Income is expected to have a strong year in 2026, driven by international expansion, diversification of its property portfolio, and favorable market conditions [1][6][7] International Expansion - Realty Income announced a strategic partnership with GIC, Singapore's sovereign wealth fund, to invest over $1.5 billion in logistics real estate and made its first investment in Mexico with a $200 million industrial portfolio [2][4] - The company is anticipated to continue expanding into additional countries, as it currently lacks properties in Canada and is present in only eight European countries [3] Portfolio Diversification - Realty Income is expected to add new property verticals to its portfolio, moving beyond its initial focus on U.S. freestanding retail properties to include industrial, gaming, and data center properties [5] - Potential new property types for long-term net leases include senior housing, theme parks, resorts, and self-storage facilities, indicating a strategy for continued diversification [5] Market Performance Expectations - Realty Income is projected to outperform the S&P 500 in 2026, with expectations of declining interest rates boosting commercial real estate values [6] - The REIT has already delivered a return of over 6%, compared to a 2% gain in the S&P 500, indicating strong early performance [6]

黄金走势变相体现投资者"抛售美国"的选择，黄金将持续受益于"货币贬值担忧"及"金融武器化"的担忧。 在国际金价屡创新高的当下，1月29日，世界黄金协会（WGC）2025年全年《全球黄金需求趋势报告》出炉。 该报告显示，持续的地缘政治和经济不确定性推动下，2025年全球黄金总需求达5002吨，创历史新高，令全年黄 金需求总金额达5550亿美元，同比增长45%，金价全年共计53次创新高。 但各国央行购金速度相较2024年放缓20%，至863吨，低于2022~2024年每年超过1000吨的购买力度。但同时，黄 金ETF持仓增加801吨，结束连续四年流出，金条和金币购买量跃升16%至1374吨，创12年新高，散户和机构成为 购金主导力量。 在本周稍早再度创历史新高后，本周后期黄金、白银等主要贵金属震荡加剧。有市场人士警示，贵金属本轮涨势 已进入"危险阶段"。虽然如此，接受第一财经记者采访的市场人士普遍认为，黄金的长期投资价值不减。 瑞士百达资管的多元资产高级策略师赛雅伦（Arun Sai）告诉第一财经，黄金走势变相体现投资者"抛售美国"的选 择，黄金将持续受益于"货币贬值担忧"及"金融武器化"的担忧。 "在范式转变的 ...