++ Gold in the portfolio: My motives and goals ++

Hello everyone,

As announced a few weeks ago, I have finally managed to write an article on the subject of gold in my portfolio.

In the following, I would like to briefly explain why I decided to make this investment and what goals I am pursuing with it.

Gold fascinates me because it offers stability in turbulent times and crises and is considered a "safe haven".

It also serves as protection against inflation and geopolitical risks and can mitigate losses in times of crisis.

The following is particularly important to me diversificationas gold has a low correlation to other asset classes and carries no currency risk.

This also describes my reasons for investing in gold very well.

In addition to my technology, consumer, REIT and pharmaceutical shares as well as the Vanguard All-World, I wanted another pillar to optimize the portfolio and, in particular, diversification. diversification to further advance portfolio optimization and diversification.

I currently see a target value for my gold position of 12 % of the total portfolio value.

This value is also recommended by some portfolio managers and investment banks as a target value, as it should offer a good balance between hedging and return.

I have deliberately against physical gold and instead opted for a special product from Börse Stuttgart, which was presented and briefly explained by @InvestmentPapa was presented and briefly explained here.

(Thanks again for your explanation dear @InvestmentPapa)

I didn't want to keep coins or gold bars at home or in a safe deposit box, but wanted to track the performance of my investment directly in the overall portfolio.

I also wanted to minimize the costs for a safe deposit box.

My choice fell on $EWG2 (+0,01 %)
EUWAX Gold IIa product of the Stuttgart Stock Exchange.

It is 100 percent covered by physical precious metal, and the entire precious metal stock is held securely in vaults at a custodian company in Germany.

EUWAX Gold II is an exchange-traded commodity (ETC) that securitizes one gram of gold from a 100-gram gold bar.

It is even possible to buy the physical gold to the exact gram if required.

Another advantage of the product is that delivery is possible from 100 grams in Germany is possible free of charge.

It should be particularly emphasized that, due to the product structure of EUWAX Gold II, there is generally no risk of tax deduction when sold through banks and online brokers.

The purchase, redemption and sale of EUWAX Gold II are taxed treated in the same way as physical gold, which means that capital gains are tax-free after a holding period of more than one year.

Gold is important to a broad and diverse group of users worldwide, ranging from private investors to jewelry and electronics manufacturers and central banks.

Asian central banks in particular are currently increasing their gold reserves.

In the near future, I plan to add another gold share to my portfolio that I have held before:

⛏️ Newmont Mining $NEM (-0,93 %) ⛏️

The company has a unique selling proposition:

$NEM (-0,93 %)
Newmont the only gold stock listed in the S&P 500.

The past quarters were also characterized by very good figures, and the management is gradually expanding the projects strategically.

The all-in sustaining costs (production costs per ounce of gold) are currently USD 1,400. 🏆

I hope you found this brief insight into my investment decision interesting.

Best regards 💬

Michael