GLD SG

$GLD SG(GSD.SG)

Context: I hold GSD as my Singapore-listed gold exposure. With much of my portfolio positioned toward higher-growth themes, I wanted part of my capital allocated to something driven by a very different set of factors.

My trade: I built the position deliberately as a long-term portfolio stabiliser. I’m not expecting gold to compete with my growth stocks during strong risk-on markets; its purpose is to provide diversification, preserve purchasing power and potentially offer support when other parts of the portfolio come under pressure.

Takeaway: Portfolio construction isn’t only about finding the highest-returning assets. It’s also about combining assets with different behaviours so I’m not dependent on a single market outcome.

@Captain's Treasure

$GLD SG(GSD.SG)

Gold has done pretty pretty well lately. She has rebounded off her lows in July and never looked back. A gap breakout above the wedge upper trend line as well as upper rectangular channel trend line on 5th August was very telling. It was a type 1 breakout, clean as can be. Price gapped up again on 7th July before consolidating and then broke above its daily 200MA on 20th August. Safe to say the bulls have made their intentions clear.

Now price is at the 50% retrace off the bottom. Are the bulls strong enough to push further ahead or do they need a breather and a healthy pause before continuing their march to maybe new highs? Or will the bears push them back? Time will tell.

@Captain's Treasure

$GLD SG(GSD.SG)

Gold is in a good place. I cannot say for certain if we have seen the bottom yet. But it looks like appetite for Gold is returning. Historically as well, gold has had periods of time when it will pull back after rallying. But throughout time and gold has been around ages, there is only one direction up.

@Captain's Treasure

$GLD SG(GSD.SG)

Gold is looking good at these levels. It has always been a safe haven asset and one that central banks and investors depend on when there is fear and distrust in the fiat system.

In my honest opinion, the value of gold will always rise as long as inflation is around.

@Captain's Treasure

$GLD SG(GSD.SG)

Gold is showing signs of life here. It has been retreated quite a bit and the FOMO which was prevalent towards the end of last year and early this year has subsided.

As with all valuable assets, a pullback is necessary and healthy and gold will remain relevant as a storage of value with Bitcoin not very convincing as a replacement despite all the hype.

Precious metals will remain the go to still when there are doubts with the fiat monetary system.

@Captain's Treasure

$GLD SG(GSD.SG)

What is considered the world’s de facto safe asset as well as ‘go to’ reserve asset? (Sorry USD. You are not really an asset. Just a trading intermediary)

It’s none other than gold. Gold has been given value since ancient times and a gauge of wealth. Gold is what the world will trust and trade when they don’t trust the fiat system. And gold’s value has been increasing with respect to fiat.

That is why most countries have a gold reserve. Gold is physical and will be relevant. After the pullback, gold’s value is looking reasonable again compared against the fiat system.

@Captain's Treasure

$GLD SG(GSD.SG)

Not all that glitters is gold. Unless its gold

itself which also does not glitter at times.

At the moment, gold looks dull having pulled back quite a bit.

But I think it has bottomed or is very close to it. The next rally will catch many off guard and only when it has rallied more will the same people climb on and start praising gold.

@Captain's Treasure

$GLD SG(GSD.SG)

Gold has been pulling back for a while now. But I think it is close to or even completed its pullback. Being a safe asset haven and one that sovereign countries accumulate to shield itself from uncertainties especially in the fiat system, it also undergoes periods of drawdowns which might affect the price.

Now it looks like it might be at an attractive price for accumulation again.

@Captain's Treasure