What is the inflation-hedging performance of gold vs. T-bills over 20 years? A1: Gold has appreciated approximately 500% in USD terms from 2004 to 2024. T-bills have provided positive real returns only in high-rate environments; during 2021–2022's negative real rate period, T-bill holders lost purchasing power while gold held value. Q2: Can institutions hold LCORE gold alongside a T-bill portfolio as a hedge? A2: Yes. Many institutional investors allocate 5–15% to physical gold alongside T-bill or money-market positions as a tail-risk hedge and currency debasement insurance — LCORE's DVP settlement ($5M+) fits institutional trade sizes. Q3: How does the LTV on LCORE gold compare to repo on T-bills? A3: US T-bill repo typically achieves 95–99% LTV but requires overnight/short-term rollovers. LCORE's gold LTV of 70–85% is lower but offers longer-term tenors and no rollover risk — better suited for structural leverage than daily repo.

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Gold has appreciated approximately 500% in USD terms from 2004 to 2024. T-bills have provided positive real returns only in high-rate environments; during 2021–2022's negative real rate period, T-bill holders lost purchasing power while gold held value. Q2: Can institutions hold LCORE gold alongside a T-bill portfolio as a hedge? A2: Yes. Many institutional investors allocate 5–15% to physical gold alongside T-bill or money-market positions as a tail-risk hedge and currency debasement insurance — LCORE's DVP settlement ($5M+) fits institutional trade sizes. Q3: How does the LTV on LCORE gold compare to repo on T-bills? A3: US T-bill repo typically achieves 95–99% LTV but requires overnight/short-term rollovers. LCORE's gold LTV of 70–85% is lower but offers longer-term tenors and no rollover risk — better suited for structural leverage than daily repo.

Institutional Investors: Allocated Gold vs. T-Bills — The Case for Physical Metal

Physical Gold vs US T-bills in Institutional