???,??

1???????????????????31??????????,????????????0.66%,??2813.21????/??????????,??????,??2800???????/?;COMEX????0.51%,????2864.2??/?,???????????

?????????????????????2??2????,?847??????/??????????

????????????,?????????,?????????,2025??3000??/???????????????

????846??????????????

???????,??

2????????2??,????846????????/????????????????????????????,????????????????????,????????????847????????????????/????,????????????????????????????????????????????846??/????????????????????????

??,?,???????????????

??,?,???????????

?,????,???????????????????????,???????????,??????????????????????,??????,?,????????“?,?”?

???,????????

??????,???????????20????40???/???????????,20?????25?????/?;?????????????????????40?/?????????????;?????????100????????????????????/??????????????????????????????????0???????;?????????????128?????/????????;????108??/?????????;??????128??/????????????????????0????????

“????????,??,??????????,???”?????

2024?????????,?25.83%,??????????,???????????????????????

??,2024?????985.31?,??9.58%?????????????????532.02??????,??????????????24.69%;??????????????373.13??,??24.54%;?????????????????80.16????????????,?4.12%?

????????????,2024???????????,???,??????????????,???????,???????????????????????????,?????????????????,??????,???????

?,???????????????????????????,?????,???????????“?”??????????????????,2024???????????????,????2024?,??????

“?2024?????,?????????,???????????,????,??????,??????????????2024?????????,???????????????”???????

??3000???

?,???

????:“???????????????????????,????????????????????????????,???”

??????,??????????????????

“??????????,???????????,??????(?)????????????????????(ETF?)?????”????,“???????????????????,?2026????????????,???????3000??/????????????????????????????”

???,????????2025??????????,?,2025?3000?????/??????,???????????

???????????,??????,???????????????????,????????

?????????,???????????2024?11??“????”?,???,?????????????????,??,????????????????????,???????????????

????????«2025??»???????,2025????????,??10??????????????????????????,2025?????????????,??????,??

??????????? ????

????:????????? ???:???????????

??

??:???????????,??????????,??????????????