iShares Gold Trust
target weight4.22%
directionLong
roleAlternate Vehicle
Thirteenth weight at 4.22%, down 4.3%, tracking 
Gold structural debasement bid from 0.89 to 0.86 with its alignment strength held at 0.86. Same bullion exposure as 
GLD at a lower expense ratio, and because it serves only the gold thesis it takes no stagflation-basket dedupe - which is why it trims less than GLD does.
vs 1.1.4-0.00 —
Theses funding this position
Every thesis whose alignment contributed weight here; edge weight is the thesis own confidence.
- held security
iShares Gold Trust- holding direction
Long- holding role
Alternate Vehicle- serves thesis
- Gold structural debasement bid