$GLD SG(GSD.SG)

Post 2 Episode 23

Context: One reason I keep gold in the portfolio is that it gives me something very different from my growth holdings. When equities become volatile, I don’t want every position reacting to the same narrative at the same time.

My trade: I see my Singapore-listed gold position as a form of portfolio optionality. If risk assets come under pressure while gold remains resilient, it gives me a relatively defensive asset that I can simply hold — or potentially rebalance from later when better opportunities appear elsewhere.

Takeaway: A hedge does not always need to make money at exactly the moment stocks fall. Sometimes its real value is giving you the confidence, liquidity and patience not to make a bad decision when markets become uncomfortable. That, to me, is one of gold’s most underrated roles.

@Captain's Treasure