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PORTFOLIO POLICY · TARGET BAND · EXECUTION REALITY

Gold Allocation Rebalancing Planner

See whether gold is inside a selected portfolio band, then model a conditional buy or sale without hiding product size, premiums, exit discount or fees.

TARGET RANGE · EXECUTION FRICTION · PRICE SENSITIVITY

Turn an allocation policy into a reviewable trade worksheet

Enter one same-time portfolio snapshot, define a target and tolerance band, then choose whether the exposure is divisible or constrained to whole physical products. The planner acts only outside the band, keeps premium, exit discount and fixed fees visible, and shows how a gold-price move alone could change the allocation.

Gold reference used for product and sensitivity mathEnter a price

Connecting to the market source…

DATA STATUS

Price reference

Shows the source and observation time of the metal price used here. Product premiums, dealer quotes and taxes are separate.

International XAU/USD referenceConnecting

Source: No provider
Observed: Observation time unavailable
Age: Checking age…
Delivery: No data layer available

Checking the current market reference.

01 · PORTFOLIO POLICY

Enter the current exposure and the rule you intend to test

Total portfolio valueInclude gold and all non-gold assets in the same USD snapshot.Current gold exposure valueMarket value, not cost basis.Target gold allocation (%)Band on each side (percentage points)A 10% target with a 2-point band acts below 8% or above 12%.

02 · EXECUTION CONSTRAINT

Separate transferable exposure from transaction friction

Execution modeFractional suits divisible account exposure; whole-product mode rounds to the closest executable unit.Spot price per troy ozFine gold per productPurchase premium (%)Exit discount (%)Fixed trade fee

Enter a valid portfolio, gold exposure, target, band and positive gold price. Gold exposure cannot exceed total portfolio value, and the band must remain between 0% and 100%.

THE DIRECT ANSWER

A target percentage and a rebalancing trigger are not the same thing

A 10% target does not necessarily require trading whenever gold moves away from exactly 10%. A two-percentage-point band defines an 8% to 12% operating range. Inside that range the worksheet models no trade. Below 8% it calculates a conditional purchase toward target; above 12% it calculates a conditional sale. The band is a user policy input, not a GoldObserve recommendation.

CURRENT GOLD ALLOCATIONCurrent gold exposure value ÷ total portfolio value

Use values observed at the same time and in the same currency.

EXECUTION MODES

Divisible account exposure and physical products require different math

ModeWhat it assumesWhat can prevent target

Fractional exposureThe account can trade a divisible dollar or spot-equivalent amount.Available non-gold value and entered friction.

Whole physical productOnly integer units of the selected fine-gold size can move.Product size, premium, fee, inventory and available cash.

The closest whole-product result can remain above or below the exact target. That is useful evidence: forcing an exact percentage with indivisible products can be impossible or economically inefficient.

WHY PRICE CHANGES THE WEIGHT

A portfolio can cross its band even when the holder does nothing

The sensitivity map converts the entered gold exposure value into spot-equivalent ounces at the entered gold reference. It then reprices those equivalent ounces while holding the non-gold portion constant. This isolates one mechanism—gold-price movement—from contributions, withdrawals and changes in other assets. It is not a prediction of the next price move or a claim that a fund perfectly tracks spot.

01Freeze one snapshot

Total portfolio and gold exposure must use one currency and observation time.

02Apply the band

Compare current weight with the lower and upper policy boundaries.

03Apply execution

Transfer divisible exposure or choose the closest valid whole-product count.

04Subtract friction

Premium, exit discount and fixed fees reduce post-trade portfolio value.

EVIDENCE CHECKLIST

Do not turn a clean percentage into a false executable quote

01Reconcile the same-time market value of every portfolio position before calculating the denominator.

02Use a written dealer ask or fund execution estimate for purchase friction.

03Use a written bid, redemption value or sale estimate for exit friction.

04Confirm product fine-gold content and minimum tradable quantity.

05Review tax, settlement, custody and account rules outside this worksheet.

06Record who chose the target and band; the calculator does not establish suitability.

RELATED DECISIONS