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]

Core Insights - The article emphasizes that gold serves as a "safety cushion" in asset allocation rather than a short-term speculative tool, highlighting the importance of timing over specific price points [1][3]. Investment Strategy - The first buying opportunity is identified at the price range of $3900-$3920, suggesting a small initial investment of 3%-4% of total funds to establish a position and avoid missing out on future gains [3]. - A second buying point is indicated at around $3850, where an additional 3%-4% investment is recommended, bringing the total allocation to 6%-8% [3]. - If prices drop below $3800, it is considered an opportunity to purchase more, completing the full allocation of 10% [3]. Key Principles - The article advises against trying to perfectly time the market, stating that there is no "lowest point" in medium to long-term investing, and recommends a phased buying approach to average down costs [3]. - It also cautions against chasing prices if they rise without a correction, advocating for patience and discipline in investment strategy [3]. Supporting Factors - The ongoing trends supporting gold prices include central bank purchases and geopolitical tensions, which remain unchanged, reinforcing a positive long-term outlook for gold [3].