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

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

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

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

??

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