I’m still bullish on gold because this rally looks increasingly structural rather than purely speculative. Central-bank buying, ETF inflows and strong physical demand are all supporting the market, while concerns over debt and currency debasement provide a longer-term tailwind.

If I had to choose one vehicle, I’d go with $SPDR Gold MiniShares Trust(GLDM)$ for its low 0.10% expense ratio and straightforward exposure to physical gold. I prefer it for long-term holding rather than paying extra for the trading liquidity of GLD.

That said, I wouldn’t chase gold after such a strong run. I’d watch real yields and Fed policy closely, because another sharp rise in yields could trigger a meaningful pullback even if the long-term demand story remains intact.

$XAU/USD(XAUUSD.FOREX)$

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  • OutsiderLEO
    ·08-28 17:33
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    GLDM makes more sense for long-term holding. That 0.10% fee compounds better, and gold pullbacks still look buyable to me
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    • Shyon
      It is a good choice
      01:04
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