????!?847??/??,?“??????”???????

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

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

? ?

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