Gold at Record Highs: A Tactical Investment Perspective

"Gold has recently surged to all-time highs, fueled by geopolitical uncertainties stemming
from the US-China trade war and the increased weaponization of the dollar in international
financial sanctions.
As an investor, I currently allocate approximately 30% of my portfolio to gold, reflecting my
strong conviction in gold's resilience and attractiveness across various economic
scenarios.
I prefer holding gold via ETFs, primarily GLD, as a core holding, due to their direct backing by
physical gold, ensuring security and ease of access without the logistical challenges
associated with physical bullion.
Additionally, I hold GDX as a smaller satellite position, providing exposure to a basket of
gold miners, offering a leveraged play on gold prices. While gold itself provides a safe haven
during inflation, recession, or lower interest rate environments, gold miners add potential for
substantial gains during prolonged bullish periods for gold, though they come with higher
volatility. This combination allows me to balance risk while positioning for robust returns
across diverse economic scenarios."
By @James Campion, Popular Investor at etoro