12.4 sold BTC, 3700 bought gold is my most successful trade this year.

Yesterday I said that I don't think it's a bear market now, various experts say that liquidity is gone.

For me, investment is a systematic tool, whether it's Bitcoin, altcoins, or cross-domain bonds, stocks (rarely), gold, or currency differentials, the allocation in different cycles is crucial.

What you dream of is to go long and trade with low overhead, but the allocation and hedging of assets are the keys to long-term survival, which is why I say this is my most successful trade.

A few years ago, after @DeerHTX came to discuss matters, I talked about company asset allocation and used gold to issue year-end bonuses.

On the eve of the presidential election, it was the first time in this cycle that I called for gold, at that time gold was 2500. (See Welcome to the Great Inflation, High Deficit Era)

12.4 sold BTC, called for gold, at that time the gold price was 3700.

I wrote a trilogy on gold:

What exactly does gold hedge in safe-haven assets?

Discuss the risk of gold being only liquidity risk.

How to use gold to hedge against the logic of currency debasement.

In a very minor macro event, I hesitated whether to buy the dip on BTC, and I chose to continue buying gold.

If you don't have a gold exchange and find physical gold cumbersome, you can choose ETFs on the blockchain.

Now Binance has launched $XAU London gold contracts, and OK has had spot XAU for a long time, as well as $PAXG RWA gold.