Do you own Gold?

“If you don't own gold you know neither history nor economics” - Ray Dalio Stocks are having a great year, but gold, which recently hit an all-time high of $2,500 an ounce +40% YTD, is doing even better.

The rally is partly due to:
- a weaker dollar,
- lower real interest rates,
- rising global uncertainty.

Central banks increasing their gold reserves has also helped.

However, this surge might be a bit overhyped:
- Silver and platinum aren’t rising alongside gold, which is unusual.
- High prices have hurt physical demand in key markets like China and India.
- Recent gains seem driven by Western investors seeking a hedge, but their interest might fade after the U.S. election.

Additionally, central banks' gold buying slowed recently, showing that they, like many others, are cautious about high prices.

What are your thoughts on Gold? Do you own some?