{"id":392335,"date":"2021-08-04T00:42:11","date_gmt":"2021-08-04T07:42:11","guid":{"rendered":"https:\/\/nai500.com\/blog\/2021\/08\/%e6%9c%ba%e6%9e%84%e5%a2%9e%e5%8a%a0%e9%bb%84%e9%87%91%e9%85%8d%e7%bd%ae%ef%bc%8c%e9%87%91%e4%bb%b7%e5%b0%86%e4%bd%9c%e4%bd%95%e5%8f%8d%e5%ba%94%ef%bc%9f\/"},"modified":"2021-08-04T00:43:43","modified_gmt":"2021-08-04T07:43:43","slug":"%e6%a9%9f%e6%a7%8b%e5%a2%9e%e5%8a%a0%e9%bb%83%e9%87%91%e9%85%8d%e7%bd%ae%ef%bc%8c%e9%87%91%e5%83%b9%e5%b0%87%e4%bd%9c%e4%bd%95%e5%8f%8d%e6%87%89%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2021\/08\/%e6%a9%9f%e6%a7%8b%e5%a2%9e%e5%8a%a0%e9%bb%83%e9%87%91%e9%85%8d%e7%bd%ae%ef%bc%8c%e9%87%91%e5%83%b9%e5%b0%87%e4%bd%9c%e4%bd%95%e5%8f%8d%e6%87%89%ef%bc%9f\/","title":{"rendered":"\u6a5f\u69cb\u589e\u52a0\u9ec3\u91d1\u914d\u7f6e\uff0c\u91d1\u50f9\u5c07\u4f5c\u4f55\u53cd\u61c9\uff1f"},"content":{"rendered":"<p>\u4e16\u754c\u9ec3\u91d1\u5354\u6703\uff08WGC\uff097\u6708\u767c\u5e03\u7684\u540d\u7232<a href=\"https:\/\/www.gold.org\/goldhub\/research\/institutional-portfolio-strategies-for-the-post-pandemic-period\">\u300a\u91cd\u65b0\u601d\u8003\uff0c\u518d\u5e73\u8861\u548c\u91cd\u65b0\u8a2d\u5b9a\uff1a\u5f8c\u75ab\u60c5\u6642\u671f\u6a5f\u69cb\u6295\u8cc7\u7d44\u5408\u7b56\u7565\u300b<\/a>\u7684\u5831\u544a\u6307\u51fa\uff0c\u672a\u4f863\u5e74\uff0c\u6a5f\u69cb\u7684\u9ec3\u91d1\u914d\u7f6e\u9810\u8a08\u5c07\u6703\u63d0\u9ad8\uff0c\u9019\u662f\u5426\u610f\u5473\u8457\u9700\u6c42\u7684\u589e\u9577\u5c07\u5e36\u52d5\u91d1\u50f9\u7684\u4e0a\u6f32\u3002<\/p>\n<p>\u5177\u9ad4\u4f86\u770b\uff0c\u76ee\u524d\u50c5\u670920%\u7684\u6a5f\u69cb\u5728\u4ed6\u5011\u7684\u6295\u8cc7\u7d44\u5408\u7576\u4e2d\u914d\u7f6e\u4e86\u9ec3\u91d1\uff0c\u5e73\u5747\u914d\u7f6e\u6bd4\u4f8b\u72324%\u3002\u4e0d\u904e\uff0c\u5728\u7576\u524d\u7684\u9ec3\u91d1\u6295\u8cc7\u8005\u7576\u4e2d\uff0c\u9810\u8a08\u672a\u4f863\u5e74\u589e\u52a0\u9ec3\u91d1\u914d\u7f6e\u7684\u6bd4\u4f8b\u63a5\u8fd140%\u3002\u53e6\u5916\uff0c\u5728\u76ee\u524d\u5c1a\u7121\u9ec3\u91d1\u655e\u53e3\u7684\u6a5f\u69cb\u6295\u8cc7\u8005\u7576\u4e2d\uff0c\u8a08\u5283\u6216\u8003\u616e\u5728\u6b64\u671f\u9593\u6295\u8cc7\u9ec3\u91d1\u7684\u6bd4\u4f8b\u7d04\u723240%\u3002<\/p>\n<p>\u589e\u52a0\u9ec3\u91d1\u914d\u7f6e\u4e00\u5b9a\u7a0b\u5ea6\u4e0a\u53cd\u6620\u4e86\u5e02\u5834\u5c0d\u4e8e\u901a\u8139\u7684\u64d4\u6182\u4ee5\u53ca\u6295\u8cc7\u8005\u5c0d\u4e8e\u901a\u8139\u4fdd\u8b77\u8cc7\u7523\u7684\u9700\u6c42\u3002\u6309\u7167\u4e16\u754c\u9ec3\u91d1\u5354\u6703\u7684\u7814\u7a76\uff0c\u9ec3\u91d1\u5728\u9ad8\u901a\u8139\u6642\u671f\u8868\u73fe\u826f\u597d\u3002\u7f8e\u570bCPI\u5e74\u7387\u9ad8\u4e8e3%\u7684\u5e74\u4efd\u5167\uff0c\u9ec3\u91d1\u7684\u5e73\u5747\u6f32\u5e45\u723215%\u3002\u53e6\u6709\u7814\u7a76\u986f\u793a\uff0c\u4f4e\u901a\u8139\u6642\u671f\uff0c\u9ec3\u91d1\u7684\u901a\u8139\u4fdd\u8b77\u5c6c\u6027\u5e77\u4e0d\u660e\u986f\uff0c\u50c5\u5c0d\u9ad8\u901a\u8139\u4ee5\u53ca\u52a0\u901f\u4e0a\u5347\u7684\u901a\u8139\u5177\u6709\u5c0d\u6c96\u6548\u679c\u3002<\/p>\n<p>\u4e0d\u904e\u8a72\u5831\u544a\u4e5f\u6307\u51fa\uff0c\u5728\u6a5f\u69cb\u6295\u8cc7\u8005\u7684\u773c\u4e2d\uff0c\u9ec3\u91d1\u5728\u6295\u8cc7\u7d44\u5408\u7576\u4e2d\u7684\u50f9\u503c\u5e77\u4e0d\u50c5\u9650\u4e8e\u901a\u8139\u5c0d\u6c96\uff0c\u66f4\u91cd\u8981\u7684\u9084\u662f\u7d44\u5408\u7684\u591a\u5143\u5316\uff0c\u7562\u7adf\u9ec3\u91d1\u8207\u98a8\u96aa\u8cc7\u7523\u5448\u73fe\u7684\u662f\u8ca0\u76f8\u95dc\u7684\u95dc\u4fc2\u3002\u6b64\u5916\uff0c\u6a5f\u69cb\u9084\u5229\u7528\u9ec3\u91d1\u4f86\u5f3a\u5316\u9577\u671f\u98a8\u96aa\u8abf\u6574\u5f8c\u6536\u76ca\u7387\uff0c\u5c24\u5176\u662f\u5728\u8ca0\u5229\u7387\u74b0\u5883\u4e0b\u3002<\/p>\n<p>\u53e6\u5916\u5f88\u91cd\u8981\u7684\u4e00\u9ede\u662f\uff0c\u89ba\u5f97\u9ec3\u91d1\u6709\u7528\u7684\u4e0d\u53ea\u662f\u5546\u696d\u91d1\u878d\u6a5f\u69cb\uff0c\u9084\u6709\u5404\u570b\u592e\u884c\u3002\u4e16\u754c\u9ec3\u91d1\u5354\u6703\u6700\u8fd1\u767c\u5e03\u7684\u7b2c\u4e8c\u4efd\u5831\u544a<a href=\"https:\/\/www.gold.org\/goldhub\/research\/monetary-gold-and-central-bank-capital\">\u300a\u8ca8\u5e63\u9ec3\u91d1\u548c\u592e\u884c\u8cc7\u672c\u300b<\/a>\u6307\u51fa\uff0c\u9ec3\u91d1\u80fd\u591f\u7232\u592e\u884c\u63d0\u4f9b\u984d\u5916\u7684\u4fdd\u8b77\uff0c\u964d\u4f4e\u8cc7\u7523\u640d\u5931\u98a8\u96aa\uff0c\u5c24\u5176\u662f\u53ef\u4ee5\u62b5\u6d88\u7f8e\u5143\u8cc7\u7523\u7684\u640d\u76ca\u3002<\/p>\n<p>\u6700\u5f8c\uff0c\u4e16\u754c\u9ec3\u91d1\u5354\u6703\u7684<a href=\"https:\/\/www.gold.org\/goldhub\/research\/gold-outlook-2021-mid-year\">\u300a2021\u5e74\u9ec3\u91d1\u5e74\u4e2d\u5c55\u671b\uff1a\u5f9e\u98a8\u96aa\u4e2d\u5275\u9020\u6a5f\u6703\u300b<\/a>\u63d0\u51fa\u7684\u4e00\u500b\u4e3b\u8981\u8ad6\u9ede\u8a8d\u7232\uff0c\u5728\u8d85\u4f4e\u5229\u7387\u4ee5\u53ca\u9ad8\u98a8\u96aa\u504f\u597d\u74b0\u5883\u4e0b\uff0c\u50b5\u5238\u6536\u76ca\u7387\u4e0a\u5347\u7684\u8ca0\u9762\u5f71\u97ff\u5c07\u88ab\u901a\u8139\u4ee5\u53ca\u9ec3\u91d1\u9700\u6c42\u7684\u589e\u9577\u591a\u62b5\u6d88\u3002<\/p>\n<p>\u9ec3\u91d1\u73fe\u5728\u8655\u4e8e\u4e00\u500b\u66f4\u52a0\u9df9\u6d3e\u7684\u7f8e\u806f\u5132\u548c\u66f4\u9ad8\u901a\u8139\u7387\u7684\u4ea4\u53c9\u8def\u53e3\uff0c2021\u5e74\u4e0a\u534a\u5e74\uff0c\u9ec3\u91d1\u8d70\u52e2\u7684\u4e3b\u8981\u9a45\u52d5\u529b\u662f\u5229\u7387\u7684\u4e0a\u5347\uff0c\u9019\u4e00\u56e0\u7d20\u5c07\u5728\u4e0b\u534a\u5e74\u7e7c\u7e8c\u7d66\u9ec3\u91d1\u65bd\u58d3\u3002\u4e0d\u904e\uff0c\u4e16\u754c\u9ec3\u91d1\u5354\u6703\u8a8d\u7232\u7f8e\u806f\u5132\u5c07\u5728\u7dca\u7e2e\u5468\u671f\u554f\u984c\u4e0a\u4fdd\u6301\u8b39\u614e\u3002\u5118\u7ba1\u5982\u6b64\uff0c\u5728\u91cf\u5316\u7dca\u7e2e\u4ee5\u53ca\u5229\u7387\u4e0a\u5347\u9810\u671f\u4e0d\u65b7\u5f3a\u5316\u671f\u9593\uff0c\u9ec3\u91d1\u5927\u6982\u7387\u5c07\u6703\u627f\u58d3\u3002<\/p>\n<h2>\u9019\u5c0d\u9ec3\u91d1\u610f\u5473\u8457\u4ec0\u9ebd\uff1f<\/h2>\n<p>\u4e16\u754c\u9ec3\u91d1\u5354\u6703\u6700\u8fd1\u7684\u9019\u4e9b\u5831\u544a\u900f\u9732\u51fa\u4ec0\u9ebd\u4fe1\u606f\uff1f\u9996\u5148\uff0c\u6700\u91cd\u8981\u7684\u4fe1\u606f\u662f\u6a5f\u69cb\u6295\u8cc7\u8005\u672a\u4f86\u5e7e\u5e74\u5c07\u589e\u52a0\u9ec3\u91d1\u914d\u7f6e\u3002\u9ec3\u91d1\u7684\u6295\u8cc7\u9700\u6c42\u662f\u91d1\u50f9\u6700\u91cd\u8981\u7684\u9a45\u52d5\u529b\uff0c\u56e0\u6b64\u9019\u5c0d\u9ec3\u91d1\u591a\u982d\u4f86\u8aaa\u662f\u4e00\u500b\u6b63\u9762\u7684\u6d88\u606f\u3002<\/p>\n<p>\u6700\u8fd1\u7684ETF\u8cc7\u91d1\u6d41\u4e5f\u8aaa\u660e\uff0c\u5e02\u5834\u5c0d\u4e8e\u9ec3\u91d1\u7684\u8208\u8da3\u4f9d\u7136\u975e\u5e38\u9ad8\u3002\u4eca\u5e746\u6708\uff0c\u9ec3\u91d1ETF\u7684\u8cc7\u91d1\u6d41\u5165\u898f\u6a21\u4e0b\u964d\uff0c\u4f46\u5728\u91d1\u50f9\u66b4\u8dcc\u60c5\u51b5\u4e0b\u4f9d\u7136\u5be6\u73fe\u4e86\u6de8\u6d41\u5165\uff08+2.9\u5678\uff09\u3002<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-392323 lazyload\" data-src=\"https:\/\/nai500.com\/wp-content\/uploads\/2021\/08\/AR-20210803-002.png\" alt=\"\" width=\"650\" height=\"396\" data-srcset=\"https:\/\/nai500.com\/wp-content\/uploads\/2021\/08\/AR-20210803-002.png 650w, https:\/\/nai500.com\/wp-content\/uploads\/2021\/08\/AR-20210803-002-300x183.png 300w\" data-sizes=\"auto, (max-width: 650px) 100vw, 650px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 650px; --smush-placeholder-aspect-ratio: 650\/396;\" \/><\/p>\n<p>\u6309\u7167\u4e16\u754c\u9ec3\u91d1\u5354\u6703\u7684\u5206\u6790\uff0c\u6295\u8cc7\u8005\u53ef\u80fd\u8d81\u8457\u91d1\u50f9\u4e0b\u8dcc\u589e\u52a0\u4e86\u9ec3\u91d1\u7684\u591a\u982d\u982d\u5bf8\u3002\u63db\u53e5\u8a71\u8aaa\uff0c\u9ec3\u91d1\u53ef\u80fd\u7e7c\u7e8c\u4e0b\u8dcc\uff0c\u4f46\u901a\u8139\u96b1\u6182\u5c07\u63d0\u4f9b\u4e00\u5b9a\u7684\u652f\u6491\u3002\u66f4\u7232\u91cd\u8981\u7684\u662f\uff0c\u9ec3\u91d1ETF\u8fd1\u671f\u7684\u8cc7\u91d1\u6d41\u52d5\u60c5\u51b5\u6c92\u67092013\u5e74\u90a3\u9ebd\u7cdf\u7cd5\uff0c\u81f3\u5c11\u76ee\u524d\u4f86\u770b\u662f\u9019\u6a23\u3002\u57282013\u5e74\u7684\u7e2e\u51cf\u6050\u614c\u7576\u4e2d\uff0c\u9ec3\u91d1\u50f9\u683c\u9032\u5165\u718a\u5e02\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u4e16\u754c\u9ec3\u91d1\u5354\u6703\uff08WGC\uff097\u6708\u767c\u5e03\u7684\u540d\u7232\u300a\u91cd\u65b0\u601d\u8003\uff0c\u518d\u5e73\u8861\u548c\u91cd\u65b0\u8a2d\u5b9a\uff1a\u5f8c\u75ab\u60c5\u6642\u671f\u6a5f\u69cb\u6295\u8cc7\u7d44\u5408\u7b56\u7565\u300b\u7684\u5831\u544a\u6307\u51fa\uff0c\u672a\u4f86 [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":392332,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1522,431],"tags":[670,574,561],"class_list":["post-392335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1522","category-trends-strategies-zh-hant","tag-670","tag-574","tag-561","sectors-gold-zh-hant","sectors-financial-products-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/392335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=392335"}],"version-history":[{"count":0,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/392335\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/392332"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=392335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=392335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=392335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}