SPDR Gold Shares ETF
target weight5.25%
directionLong
rolePrimary Vehicle
5.25% long, down from 5.28% (-0.6%). Near-flat: 
Stagflation risk and Fed independence stress firmed while 
Gold structural debasement bid eased 0.84 to 0.82, and the alignment eased GLD to 0.48 inside stagflation after 
it fell 4.0%. Driver-union dedup: inflation-debasement is shared, counted once at Gold structural debasement bid; monetary-credibility is shared, counted once at Gold structural debasement bid, while its other channels add.
vs 1.1.6-0.00 —
Theses funding this position
Every thesis whose alignment contributed weight here; edge weight is the thesis own confidence.
- held security
SPDR Gold Shares ETF- holding direction
Long- holding role
Primary Vehicle- serves thesis
- Stagflation risk and Fed independence stress, Gold structural debasement bid