Alternative Investing Report - December 12, 2025

*as of 12/11; Sources: S&P, BTC, FTSE, DJRE, 30YM

Gold/SPDR Gold Trust (NYSEARCA: GLD)
Current share price: $393.24/share

• Made this same recommendation back in April and it is up 29% since then

• Continue to recommend it now because the market conditions have given it even more chance to further run up from here

• We are in the midst of a rate cycle that is shifting towards additional quantitative easing. With Fed Chair Powell's term ending in mid-2026 and Trump selecting a new Fed Chair that is most certainly going to be much more rate cut friendly, runaway inflation in all likelihood will be the consistent theme of next year.

• Gold will be viewed once again as the only real safe haven asset and it will outpace the growth of its digital peer, Bitcoin, in 2026.

Do you hold it? Yes

How long have you held it? It is perpetually a part of my portfolio but it is sized up and down depending on macro sentiment.

How long are you planning to hold it? Is it a short-term, medium-term, or long-term play? Long-term play and every portfolio should have at least some gold exposure but it's an extended medium-term pick (through YE 2026) for now in terms of doubling down on it.

Here’s a list of our past expert investing picks.

Nelson Chu is an experienced serial entrepreneur and the Founder and CEO of Percent, the modern credit marketplace. Percent is an end-to-end credit platform unlike any other, empowering borrowers, underwriters, and investors to transact with confidence through governance, asset transparency, and market standardization. Prior to Percent, Nelson founded a strategy consulting firm helping companies build products and raise capital for growth, creating over $1B in equity value. Nelson's commitments extend to angel investing and philanthropy as well, supporting various startups and charitable organizations. He graduated from Rutgers University with a Bachelor of Arts degree in Economics and Political Science.

🤖 Disney inks OpenAI deal: In a surprise move, the movie studio signed a three-year licensing agreement that will allow its IP to be used in OpenAI’s video generating software Sora and also invested $1 billion into the AI startup.

🤖 But isn’t happy with Google: In what appears to be a related move, Disney sent a cease-and-desist letter to Google, accusing its AI models of copyright infringement on a “massive scale.” This action points to a future where AI companies could negotiate exclusive deals with IP holders to differentiate themselves from their competitors.

🚀 Nuclear power funding: VC investors have deployed more than $2 billion in capital so far this year to nuclear power-related startups, with the bulk going to X-energy, which raised $700 million, and TerraPower, which raised $650 million.

🏡 New listings drop: The number of new sales listings for U.S. homes in the past month fell 1.7% year-over-year, the biggest decline since 2023, and pending home sales are down 4.1% year-over-year as well.

🦕 Oviraptorosaur sale: A six-foot tall dinosaur skeleton featuring 100 fossils sold for $4.64 million at Christie’s, towards the lower end of the expected range.

💵 Medline IPO terms: The medical device company backed heavily by PE firms is planning to price its shares between $26 and $30 per share and would raise $5.37 billion at a $55 billion valuation at the high end, which would be the largest med tech IPO ever.

🏀 Seven-figure Kobe card: A signed 2003-04 Kobe Bryant Upper Deck Exquisite Collection card sold for $1.22 million, the third-highest sale for any Kobe card, and a particularly interesting sale given that the card is one of 15, not a unique one of one card.

🎨 Star Wars artwork: A 1977 painting that was used for the movie poster for the original “Star Wars” sold for $3.875 million at Heritage Auctions, setting a new all-time record for any piece of Star Wars memorabilia.

Monday: 🚀 SpaceX new valuation, 📊 PCE inflation report
Tuesday: 💵 Percent secondary market, 📉 2025 Layoffs pace
Wednesday: 🏢 RE deal breakdown, 🎨 Top artworks of 2025
Thursday: 📊 Fed rate cut, 🚀 Potential SpaceX IPO

Have a great weekend!