$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