{"id":6076,"date":"2026-01-10T23:15:59","date_gmt":"2026-01-10T14:15:59","guid":{"rendered":"https:\/\/fin-toku.com\/?p=6076"},"modified":"2026-01-10T23:15:59","modified_gmt":"2026-01-10T14:15:59","slug":"gold-inflation","status":"publish","type":"post","link":"https:\/\/kaji-toku.net\/finance\/gold-inflation\/","title":{"rendered":"\u91d1\u76f8\u5834\u3068\u4e16\u754c\u7d4c\u6e08\u306e\u95a2\u4fc2\u3092\u5b8c\u5168\u56f3\u89e3\uff01\u30a4\u30f3\u30d5\u30ec\u30fb\u91d1\u5229\u30fb\u70ba\u66ff\u3067\u898b\u308b\u4fa1\u683c\u5909\u52d5\u8981\u56e0"},"content":{"rendered":"<p>\u300c\u91d1\u4fa1\u683c\u304c\u53f2\u4e0a\u6700\u9ad8\u5024\u3092\u66f4\u65b0\u300d\u300c\u30c9\u30eb\u5b89\u3092\u53d7\u3051\u3066\u91d1\u304c\u8cb7\u308f\u308c\u305f\u300d\u2014\u2014\u3002<br \/>\n\u65e5\u3005\u6d41\u308c\u308b\u7d4c\u6e08\u30cb\u30e5\u30fc\u30b9\u3067\u3053\u3046\u3057\u305f\u30d5\u30ec\u30fc\u30ba\u3092\u76ee\u306b\u3057\u3066\u3082\u3001\u300c\u306a\u305c\u305d\u3046\u52d5\u304f\u306e\u304b\u300d\u3068\u3044\u3046\u6839\u672c\u7684\u306a\u4ed5\u7d44\u307f\u307e\u3067\u7406\u89e3\u3067\u304d\u3066\u3044\u308b\u4eba\u306f\u610f\u5916\u3068\u5c11\u306a\u3044\u306e\u3067\u306f\u306a\u3044\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u300c\u306a\u3093\u3068\u306a\u304f\u91cd\u8981\u305d\u3046\u306a\u306e\u306f\u5206\u304b\u308b\u304c\u3001\u7406\u5c48\u304c\u8179\u843d\u3061\u3057\u3066\u3044\u306a\u3044\u300d<br 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\/>\n\u672c\u8a18\u4e8b\u3067\u306f\u3001\u91d1\u76f8\u5834\u3092\u52d5\u304b\u3059\u4e09\u5927\u8981\u7d20\u3067\u3042\u308b<strong>\u300c\u30a4\u30f3\u30d5\u30ec\u300d\u300c\u91d1\u5229\u300d\u300c\u70ba\u66ff\u300d<\/strong>\u306b\u7126\u70b9\u3092\u5f53\u3066\u3001\u305d\u308c\u305e\u308c\u306e\u76f8\u95a2\u95a2\u4fc2\u3092\u56f3\u89e3\u7684\u306b\u89e3\u8aac\u3057\u307e\u3059\u3002\u3053\u308c\u3092\u8aad\u3081\u3070\u3001\u660e\u65e5\u306e\u30cb\u30e5\u30fc\u30b9\u304c\u3088\u308a\u6df1\u304f\u3001\u7acb\u4f53\u7684\u3067\u9762\u767d\u304f\u898b\u3048\u308b\u3088\u3046\u306b\u306a\u308b\u306f\u305a\u3067\u3059\u3002<\/p>\n<h2>\u91d1\u4fa1\u683c\u306f\u306a\u305c\u300c\u4e16\u754c\u7d4c\u6e08\u306e\u93e1\u300d\u3068\u8a00\u308f\u308c\u308b\u306e\u304b\uff1f<\/h2>\n<p>\u91d1\uff08\u30b4\u30fc\u30eb\u30c9\uff09\u304c\u53e4\u304f\u304b\u3089\u300c\u4e16\u754c\u7d4c\u6e08\u306e\u93e1\u300d\u3084\u300c\u7d4c\u6e08\u306e\u4f53\u6e29\u8a08\u300d\u3068\u547c\u3070\u308c\u308b\u306e\u306b\u306f\u3001\u660e\u78ba\u306a\u7406\u7531\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u308c\u306f\u3001\u91d1\u304c\u7279\u5b9a\u306e\u56fd\u306e\u4fe1\u7528\u306b\u4f9d\u5b58\u3057\u306a\u3044\u3001\u72ec\u7acb\u3057\u305f\u4fa1\u5024\u3092\u6301\u3063\u3066\u3044\u308b\u304b\u3089\u3067\u3059\u3002<\/p>\n<h3>\u901a\u8ca8\u4fa1\u5024\u306e\u201c\u3082\u306e\u3055\u3057\u201d\u3068\u3057\u3066\u306e\u91d1<\/h3>\n<p>\u79c1\u305f\u3061\u304c\u666e\u6bb5\u4f7f\u3063\u3066\u3044\u308b\u65e5\u672c\u5186\u3084\u7c73\u30c9\u30eb\u306a\u3069\u306e\u901a\u8ca8\uff08\u6cd5\u5b9a\u901a\u8ca8\uff09\u306f\u3001\u56fd\u3084\u4e2d\u592e\u9280\u884c\u306e\u300c\u4fe1\u7528\u300d\u306b\u3088\u3063\u3066\u4fa1\u5024\u304c\u652f\u3048\u3089\u308c\u3066\u3044\u307e\u3059\u3002\u6975\u7aef\u306a\u8a71\u3001\u305d\u306e\u56fd\u306e\u7d4c\u6e08\u304c\u7834\u7dbb\u3059\u308c\u3070\u3001\u7d19\u5e63\u306f\u305f\u3060\u306e\u7d19\u5207\u308c\u306b\u306a\u308a\u304b\u306d\u307e\u305b\u3093\u3002\u3053\u308c\u3092\u5c02\u9580\u7684\u306b\u306f\u300c\u30ab\u30a6\u30f3\u30bf\u30fc\u30d1\u30fc\u30c6\u30a3\u30fb\u30ea\u30b9\u30af\uff08\u53d6\u5f15\u76f8\u624b\u306e\u4e0d\u5c65\u884c\u30ea\u30b9\u30af\uff09\u300d\u304c\u3042\u308b\u3068\u8a00\u3044\u307e\u3059\u3002<\/p>\n<p>\u4e00\u65b9\u3001\u91d1\u306f\u300c\u91d1\u305d\u306e\u3082\u306e\u300d\u306b\u4fa1\u5024\u304c\u3042\u308a\u307e\u3059\u3002<br \/>\n\u63a1\u6398\u91cf\u306b\u9650\u308a\u304c\u3042\u308a\u3001\u8ab0\u306e\u8ca0\u50b5\u3067\u3082\u306a\u3044\u5b9f\u7269\u8cc7\u7523\uff08\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\uff09\u3067\u3042\u308b\u305f\u3081\u3001\u56fd\u304c\u7834\u7dbb\u3057\u3066\u3082\u91d1\u306e\u4fa1\u5024\u304c\u30bc\u30ed\u306b\u306a\u308b\u3053\u3068\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3053\u306e\u305f\u3081\u3001\u901a\u8ca8\u306e\u4fa1\u5024\u304c\u63fa\u3089\u3044\u3060\u3068\u304d\u306b\u3001\u76f8\u5bfe\u7684\u306a\u4fa1\u5024\u306e\u57fa\u6e96\uff1d\u201c\u3082\u306e\u3055\u3057\u201d\u3068\u3057\u3066\u6a5f\u80fd\u3059\u308b\u306e\u3067\u3059\u3002<\/p>\n<h3>\u4fe1\u7528\u3068\u4e0d\u5b89\u304c\u52d5\u304b\u3059\u300c\u5b89\u5168\u8cc7\u7523\u300d\u30e1\u30ab\u30cb\u30ba\u30e0<\/h3>\n<p>\u4e16\u754c\u60c5\u52e2\u304c\u5b89\u5b9a\u3057\u3066\u3044\u308b\u3068\u304d\u3001\u6295\u8cc7\u5bb6\u306f\u682a\u5f0f\u3084\u4e0d\u52d5\u7523\u306a\u3069\u3001\u3088\u308a\u9ad8\u3044\u30ea\u30bf\u30fc\u30f3\u3092\u751f\u3080\u8cc7\u7523\u306b\u304a\u91d1\u3092\u56de\u3057\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u6226\u4e89\u3001\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u3001\u91d1\u878d\u5371\u6a5f\u306a\u3069\u3067\u300c\u4e16\u754c\u7d4c\u6e08\u306e\u5148\u884c\u304d\u304c\u4e0d\u5b89\u300d\u306b\u306a\u308b\u3068\u3001\u6295\u8cc7\u30de\u30cd\u30fc\u306f\u4e00\u6c17\u306b\u300c\u5b89\u5168\u8cc7\u7523\u300d\u3078\u3068\u9003\u907f\u3057\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u3068\u304d\u3001\u771f\u3063\u5148\u306b\u9078\u3070\u308c\u308b\u306e\u304c\u91d1\u3067\u3059\u3002<br \/>\n\u300c\u6709\u4e8b\u306e\u91d1\u300d\u3068\u3044\u3046\u683c\u8a00\u304c\u3042\u308b\u3088\u3046\u306b\u3001\u4e16\u754c\u7684\u306a\u4e0d\u5b89\uff08\u30ea\u30b9\u30af\uff09\u304c\u9ad8\u307e\u308b\u3068\u91d1\u304c\u8cb7\u308f\u308c\u3001\u4fa1\u683c\u304c\u4e0a\u6607\u3059\u308b\u50be\u5411\u304c\u3042\u308a\u307e\u3059\u3002\u3064\u307e\u308a\u3001\u91d1\u4fa1\u683c\u306e\u4e0a\u6607\u306f\u3001\u6295\u8cc7\u5bb6\u5fc3\u7406\u306e\u4e0d\u5b89\u5ea6\u306e\u8868\u308c\u3068\u3082\u8a00\u3048\u308b\u306e\u3067\u3059\u3002<\/p>\n<h3>\u91d1\u304c\u8cb7\u308f\u308c\u308b\u30bf\u30a4\u30df\u30f3\u30b0\uff1d\u300c\u30ea\u30b9\u30af\u30aa\u30d5\u76f8\u5834\u300d\u3068\u306f\uff1f<\/h3>\n<p>\u6295\u8cc7\u306e\u4e16\u754c\u3067\u306f\u3001\u4ee5\u4e0b\u306e2\u3064\u306e\u5c40\u9762\u304c\u7e70\u308a\u8fd4\u3055\u308c\u307e\u3059\u3002<\/p>\n<ul>\n<li><strong>\u30ea\u30b9\u30af\u30aa\u30f3\uff08Risk On\uff09\uff1a<\/strong> \u666f\u6c17\u304c\u826f\u304f\u3001\u6295\u8cc7\u5bb6\u304c\u30ea\u30b9\u30af\u3092\u53d6\u3063\u3066\u5229\u76ca\u3092\u72d9\u3046\u72b6\u614b\u3002\u682a\u304c\u8cb7\u308f\u308c\u3001\u91d1\u306f\u58f2\u3089\u308c\u3084\u3059\u3044\u3002<\/li>\n<li><strong>\u30ea\u30b9\u30af\u30aa\u30d5\uff08Risk Off\uff09\uff1a<\/strong> \u666f\u6c17\u5f8c\u9000\u3084\u5371\u6a5f\u3078\u306e\u8b66\u6212\u304b\u3089\u3001\u30ea\u30b9\u30af\u3092\u56de\u907f\u3057\u3066\u8cc7\u7523\u3092\u5b88\u308d\u3046\u3068\u3059\u308b\u72b6\u614b\u3002\u682a\u304c\u58f2\u3089\u308c\u3001\u91d1\u3084\u56fd\u50b5\u304c\u8cb7\u308f\u308c\u3084\u3059\u3044\u3002<\/li>\n<\/ul>\n<p>\u300c\u682a\u4fa1\u304c\u66b4\u843d\u3057\u3066\u3044\u308b\u306e\u306b\u3001\u91d1\u4fa1\u683c\u306f\u4e0a\u304c\u3063\u3066\u3044\u308b\u300d\u3068\u3044\u3046\u73fe\u8c61\u306f\u3001\u307e\u3055\u306b\u3053\u306e\u300c\u30ea\u30b9\u30af\u30aa\u30d5\u300d\u306e\u8cc7\u91d1\u79fb\u52d5\u304c\u8d77\u304d\u3066\u3044\u308b\u8a3c\u62e0\u3067\u3059\u3002\u91d1\u76f8\u5834\u306e\u52d5\u304d\u3092\u898b\u308b\u3053\u3068\u3067\u3001\u4eca\u306e\u5e02\u5834\u304c\u300c\u653b\u3081\u300d\u306e\u6642\u671f\u306a\u306e\u304b\u300c\u5b88\u308a\u300d\u306e\u6642\u671f\u306a\u306e\u304b\u3092\u5ba2\u89b3\u7684\u306b\u5224\u65ad\u3059\u308b\u6750\u6599\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<h2>\u30a4\u30f3\u30d5\u30ec\u3068\u91d1\u4fa1\u683c\u306e\u95a2\u4fc2\u2014\u2014\u201c\u7d19\u306e\u304a\u91d1\u304c\u6e1b\u4fa1\u3059\u308b\u201d\u3068\u306f\uff1f<\/h2>\n<p>\u91d1\u4fa1\u683c\u3092\u52d5\u304b\u3059\u6700\u3082\u57fa\u672c\u7684\u3001\u304b\u3064\u5f37\u529b\u306a\u8981\u56e0\u306e\u4e00\u3064\u304c\u300c\u30a4\u30f3\u30d5\u30ec\uff08\u7269\u4fa1\u4e0a\u6607\uff09\u300d\u3067\u3059\u3002\u306a\u305c\u7269\u306e\u5024\u6bb5\u304c\u4e0a\u304c\u308b\u3068\u91d1\u304c\u4e0a\u304c\u308b\u306e\u304b\u3001\u305d\u306e\u30e1\u30ab\u30cb\u30ba\u30e0\u3092\u300c\u901a\u8ca8\u306e\u4fa1\u5024\u300d\u3068\u3044\u3046\u8996\u70b9\u304b\u3089\u5206\u89e3\u3057\u307e\u3059\u3002<\/p>\n<h3>\u30a4\u30f3\u30d5\u30ec\uff1d\u304a\u91d1\u306e\u4fa1\u5024\u304c\u4e0b\u304c\u308b\u2192\u91d1\u304c\u898b\u76f4\u3055\u308c\u308b<\/h3>\n<p>\u30a4\u30f3\u30d5\u30ec\u3068\u306f\u3001\u30e2\u30ce\u3084\u30b5\u30fc\u30d3\u30b9\u306e\u4fa1\u683c\u304c\u4e0a\u304c\u308a\u7d9a\u3051\u308b\u72b6\u614b\u3092\u6307\u3057\u307e\u3059\u3002\u3053\u308c\u3092\u9006\u306e\u8996\u70b9\u3067\u898b\u308b\u3068\u3001\u300c\u304a\u91d1\u306e\u4fa1\u5024\u304c\u4e0b\u304c\u3063\u3066\u3044\u308b\u300d\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u4f8b\u3048\u3070\u3001\u3053\u308c\u307e\u3067100\u5186\u3067\u8cb7\u3048\u3066\u3044\u305f\u30ea\u30f3\u30b4\u304c\u3001\u30a4\u30f3\u30d5\u30ec\u306b\u3088\u308a200\u5186\u306b\u306a\u3063\u305f\u3068\u3057\u307e\u3059\u3002\u3053\u308c\u306f\u3001100\u5186\u7389\u306e\u4fa1\u5024\u304c\u5b9f\u8cea\u7684\u306b\u534a\u5206\u306b\u306a\u3063\u305f\u3053\u3068\u3068\u540c\u3058\u3067\u3059\u3002<br \/>\n\u73fe\u91d1\u306e\u307e\u307e\u6301\u3063\u3066\u3044\u308b\u3068\u3001\u30a4\u30f3\u30d5\u30ec\u5c40\u9762\u3067\u306f\u8cc7\u7523\u4fa1\u5024\u304c\u76ee\u6e1b\u308a\u3057\u3066\u3057\u307e\u3044\u307e\u3059\u3002\u305d\u3053\u3067\u3001\u30a4\u30f3\u30d5\u30ec\u306b\u5f37\u3044\u5b9f\u7269\u8cc7\u7523\u3067\u3042\u308b\u91d1\u306b\u8cc7\u91d1\u3092\u79fb\u3059\u52d5\u304d\u304c\u6d3b\u767a\u5316\u3057\u307e\u3059\u3002<\/p>\n<ul>\n<li><strong>\u73fe\u91d1\uff1a<\/strong> \u767a\u884c\u91cf\u304c\u5897\u3048\u3059\u304e\u308b\u3068\u4fa1\u5024\u304c\u5e0c\u8584\u5316\u3059\u308b\uff08\u30a4\u30f3\u30d5\u30ec\u306b\u5f31\u3044\uff09<\/li>\n<li><strong>\u91d1\uff1a<\/strong> \u5730\u7403\u4e0a\u306e\u57cb\u8535\u91cf\u306b\u9650\u308a\u304c\u3042\u308a\u3001\u5e0c\u5c11\u6027\u304c\u5909\u308f\u3089\u306a\u3044\uff08\u30a4\u30f3\u30d5\u30ec\u306b\u5f37\u3044\uff09<\/li>\n<\/ul>\n<p>\u3053\u306e\u6027\u8cea\u304b\u3089\u3001\u91d1\u306f\u300c\u30a4\u30f3\u30d5\u30ec\u30d8\u30c3\u30b8\uff08\u30a4\u30f3\u30d5\u30ec\u306b\u3088\u308b\u8cc7\u7523\u76ee\u6e1b\u308a\u306e\u56de\u907f\u7b56\uff09\u300d\u306e\u4ee3\u8868\u683c\u3068\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<h3>\u6b74\u53f2\u7684\u306b\u3082\u30a4\u30f3\u30d5\u30ec\u5c40\u9762\u3067\u91d1\u304c\u5f37\u304b\u3063\u305f\u7406\u7531<\/h3>\n<p>\u904e\u53bb\u306e\u6b74\u53f2\u3092\u632f\u308a\u8fd4\u3063\u3066\u3082\u3001\u6025\u6fc0\u306a\u30a4\u30f3\u30d5\u30ec\u6642\u306b\u306f\u91d1\u4fa1\u683c\u304c\u4e0a\u6607\u3059\u308b\u50be\u5411\u304c\u898b\u3066\u53d6\u308c\u307e\u3059\u3002<br \/>\n\u4f8b\u3048\u3070\u30011970\u5e74\u4ee3\u306e\u30aa\u30a4\u30eb\u30b7\u30e7\u30c3\u30af\u6642\u306b\u306f\u3001\u539f\u6cb9\u4fa1\u683c\u306e\u9ad8\u9a30\u306b\u3088\u308a\u4e16\u754c\u7684\u306a\u6fc0\u3057\u3044\u30a4\u30f3\u30d5\u30ec\u304c\u767a\u751f\u3057\u307e\u3057\u305f\u3002\u3053\u306e\u969b\u3001\u91d1\u4fa1\u683c\u306f\u6570\u5e74\u9593\u3067\u6570\u500d\u306b\u8df3\u306d\u4e0a\u304c\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u901a\u8ca8\u3078\u306e\u4e0d\u4fe1\u611f\u304c\u9ad8\u307e\u308b\u307b\u3069\u3001\u4eba\u3005\u306f\u300c\u8150\u3089\u306a\u3044\u300d\u300c\u71c3\u3048\u306a\u3044\u300d\u300c\u8ab0\u306e\u8ca0\u50b5\u3067\u3082\u306a\u3044\u300d\u91d1\u306b\u7fa4\u304c\u308a\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u73fe\u4ee3\u306e\u7d4c\u6e08\u7406\u8ad6\u306b\u304a\u3044\u3066\u3082\u5909\u308f\u3089\u306a\u3044\u539f\u5247\u3067\u3059\u3002<\/p>\n<h3>\u8fd1\u5e74\u306e\u7269\u4fa1\u4e0a\u6607\u3068\u91d1\u4fa1\u683c\u306e\u52d5\u304d\u3092\u30c7\u30fc\u30bf\u3067\u78ba\u8a8d<\/h3>\n<p>2020\u5e74\u4ee3\u306b\u5165\u308a\u3001\u30b3\u30ed\u30ca\u798d\u5f8c\u306e\u4f9b\u7d66\u5236\u7d04\u3084\u5730\u653f\u5b66\u7684\u30ea\u30b9\u30af\u306b\u3088\u308a\u3001\u4e16\u754c\u5404\u56fd\u3067\u518d\u3073\u30a4\u30f3\u30d5\u30ec\u304c\u9032\u884c\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u306b\u4f34\u3044\u3001\u91d1\u4fa1\u683c\u3082\u6b74\u53f2\u7684\u306a\u9ad8\u5024\u570f\u3067\u63a8\u79fb\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u7279\u306b\u6ce8\u76ee\u3059\u3079\u304d\u306f\u3001\u5404\u56fd\u306e\u4e2d\u592e\u9280\u884c\u81ea\u8eab\u304c\u91d1\u3092\u8cb7\u3044\u5897\u3057\u3066\u3044\u308b\u70b9\u3067\u3059\u3002<a href=\"https:\/\/www.gold.org\/\" target=\"_blank\" rel=\"noopener\">\u30ef\u30fc\u30eb\u30c9\u30fb\u30b4\u30fc\u30eb\u30c9\u30fb\u30ab\u30a6\u30f3\u30b7\u30eb\uff08WGC\uff09<\/a>\u7b49\u306e\u30ec\u30dd\u30fc\u30c8\u306b\u3088\u308b\u3068\u3001\u65b0\u8208\u56fd\u3092\u4e2d\u5fc3\u3068\u3057\u305f\u4e2d\u592e\u9280\u884c\u304c\u3001\u7c73\u30c9\u30eb\u4f9d\u5b58\u304b\u3089\u306e\u8131\u5374\u3084\u81ea\u56fd\u901a\u8ca8\u9632\u885b\u306e\u4e00\u74b0\u3068\u3057\u3066\u3001\u5916\u8ca8\u6e96\u5099\u306b\u304a\u3051\u308b\u91d1\u306e\u4fdd\u6709\u6bd4\u7387\u3092\u9ad8\u3081\u3066\u3044\u307e\u3059\u3002<br \/>\n\u3053\u308c\u306f\u3001\u30d7\u30ed\u306e\u6295\u8cc7\u5bb6\u3060\u3051\u3067\u306a\u304f\u3001\u56fd\u5bb6\u30ec\u30d9\u30eb\u3067\u3082\u300c\u30a4\u30f3\u30d5\u30ec\u6642\u4ee3\u306b\u306f\u901a\u8ca8\u3088\u308a\u91d1\u300d\u3068\u3044\u3046\u5224\u65ad\u304c\u50cd\u3044\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u5506\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<h2>\u91d1\u5229\u3068\u91d1\u4fa1\u683c\u306e\u95a2\u4fc2\u2014\u2014\u201c\u5229\u606f\u304c\u306a\u3044\u8cc7\u7523\u201d\u306e\u5f31\u70b9\u3068\u5f37\u307f<\/h2>\n<p>\u30a4\u30f3\u30d5\u30ec\u3068\u540c\u3058\u304f\u3089\u3044\u91d1\u4fa1\u683c\u306b\u5f37\u529b\u306a\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u306e\u304c\u300c\u91d1\u5229\u300d\u3067\u3059\u3002<br \/>\n\u6295\u8cc7\u306e\u4e16\u754c\u3067\u306f\u300c\u91d1\u5229\u3068\u91d1\u4fa1\u683c\u306f\u30b7\u30fc\u30bd\u30fc\u306e\u95a2\u4fc2\uff08\u9006\u76f8\u95a2\uff09\u306b\u3042\u308b\u300d\u3068\u3044\u3046\u306e\u304c\u5b9a\u8aac\u3067\u3059\u3002\u306a\u305c\u305d\u3046\u306a\u308b\u306e\u304b\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u8996\u70b9\u3067\u30ed\u30b8\u30ab\u30eb\u306b\u7d10\u89e3\u304d\u307e\u3059\u3002<\/p>\n<h3>\u91d1\u5229\u304c\u4e0a\u304c\u308b\u3068\u91d1\u304c\u4e0b\u304c\u308b\uff1f\u305d\u306e\u7406\u5c48\u3092\u56f3\u89e3<\/h3>\n<p>\u91d1\u3068\u3044\u3046\u8cc7\u7523\u306e\u6700\u5927\u306e\u5f31\u70b9\u306f\u3001\u300c\u6301\u3063\u3066\u3044\u308b\u3060\u3051\u3067\u306f\u5229\u606f\u3082\u914d\u5f53\u3082\u751f\u307e\u306a\u3044\u300d\u3053\u3068\u3067\u3059\u3002<br \/>\n\u9280\u884c\u9810\u91d1\u3084\u56fd\u50b5\uff08\u50b5\u5238\uff09\u306f\u3001\u4fdd\u6709\u3057\u3066\u3044\u308b\u3060\u3051\u3067\u300c\u91d1\u5229\u300d\u3068\u3044\u3046\u30a4\u30f3\u30ab\u30e0\u30b2\u30a4\u30f3\u304c\u5f97\u3089\u308c\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u91d1\u306f\u3069\u3053\u307e\u3067\u884c\u3063\u3066\u3082\u300c\u91d1\u305d\u306e\u3082\u306e\u300d\u3067\u3042\u308a\u3001\u6b96\u3048\u308b\u3053\u3068\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u3053\u306e\u9055\u3044\u304c\u3001\u91d1\u5229\u4e0a\u6607\u5c40\u9762\u3067\u5927\u304d\u306a\u610f\u5473\u3092\u6301\u3061\u307e\u3059\u3002<\/p>\n<ul>\n<li><strong>\u91d1\u5229\u304c\u9ad8\u3044\u3068\u304d\uff1a<\/strong> \u7c73\u56fd\u50b5\u306a\u3069\u3067\u5e744\u301c5\uff05\u306e\u5229\u56de\u308a\u304c\u5f97\u3089\u308c\u308b\u306a\u3089\u3001\u5229\u606f\u3092\u751f\u307e\u306a\u3044\u91d1\u3092\u6301\u3064\u9b45\u529b\u304c\u8584\u308c\u308b\uff08\u6a5f\u4f1a\u640d\u5931\u304c\u5927\u304d\u304f\u306a\u308b\uff09\u305f\u3081\u3001\u91d1\u306f\u58f2\u3089\u308c\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002<\/li>\n<li><strong>\u91d1\u5229\u304c\u4f4e\u3044\u3068\u304d\uff1a<\/strong> \u9810\u91d1\u3084\u56fd\u50b5\u3067\u307b\u3068\u3093\u3069\u5229\u606f\u304c\u3064\u304b\u306a\u3044\u306a\u3089\u3001\u300c\u5229\u606f\u304c\u3064\u304b\u306a\u304f\u3066\u3082\u3001\u5024\u4e0a\u304c\u308a\u76ca\u304c\u72d9\u3048\u308b\u5b89\u5168\u8cc7\u7523\u300d\u3068\u3057\u3066\u91d1\u306e\u9b45\u529b\u304c\u76f8\u5bfe\u7684\u306b\u9ad8\u307e\u308a\u307e\u3059\u3002<\/li>\n<\/ul>\n<p>\u3064\u307e\u308a\u3001\u4e16\u754c\u7684\u306a\u9ad8\u91d1\u5229\u5c40\u9762\u306f\u91d1\u306b\u3068\u3063\u3066\u5411\u304b\u3044\u98a8\u3068\u306a\u308a\u3001\u4f4e\u91d1\u5229\u5c40\u9762\u306f\u8ffd\u3044\u98a8\u3068\u306a\u308b\u306e\u304c\u57fa\u672c\u539f\u5247\u3067\u3059\u3002<\/p>\n<h3>\u5b9f\u8cea\u91d1\u5229\u306e\u4f4e\u4e0b\u306f\u91d1\u4fa1\u683c\u306e\u5473\u65b9<\/h3>\n<p>\u305f\u3060\u3057\u3001\u5358\u7d14\u306b\u300c\u540d\u76ee\u91d1\u5229\uff08\u8868\u9762\u4e0a\u306e\u91d1\u5229\uff09\u300d\u3060\u3051\u3092\u898b\u308c\u3070\u826f\u3044\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3088\u308a\u91cd\u8981\u306a\u306e\u306f\u300c\u5b9f\u8cea\u91d1\u5229\u300d\u3067\u3059\u3002<\/p>\n<blockquote>\n<p><strong>\u5b9f\u8cea\u91d1\u5229 \uff1d \u540d\u76ee\u91d1\u5229 \uff0d \u30a4\u30f3\u30d5\u30ec\u7387<\/strong><\/p>\n<\/blockquote>\n<p>\u4f8b\u3048\u3070\u3001\u9280\u884c\u306e\u91d1\u5229\u304c\u5e743\uff05\u3067\u3082\u3001\u30a4\u30f3\u30d5\u30ec\u7387\uff08\u7269\u4fa1\u4e0a\u6607\u7387\uff09\u304c\u5e745\uff05\u3067\u3042\u308c\u3070\u3001\u304a\u91d1\u306e\u4fa1\u5024\u306f\u5b9f\u8cea\u7684\u306b\u30de\u30a4\u30ca\u30b92\uff05\u76ee\u6e1b\u308a\u3057\u3066\u3044\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<br \/>\n\u3053\u306e\u3088\u3046\u306b\u300c\u5b9f\u8cea\u91d1\u5229\u304c\u30de\u30a4\u30ca\u30b9\u300d\u307e\u305f\u306f\u300c\u6b74\u53f2\u7684\u306a\u4f4e\u6c34\u6e96\u300d\u306b\u3042\u308b\u72b6\u6cc1\u3067\u306f\u3001\u73fe\u9810\u91d1\u3084\u50b5\u5238\u3067\u8cc7\u7523\u3092\u5b88\u308b\u3053\u3068\u304c\u96e3\u3057\u3044\u305f\u3081\u3001\u6d88\u53bb\u6cd5\u7684\u306b\u8cc7\u91d1\u304c\u91d1\u3078\u6d41\u5165\u3057\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u300c\u91d1\u5229\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u306e\u306b\u91d1\u3082\u4e0a\u304c\u3063\u3066\u3044\u308b\u300d\u3068\u3044\u3046\u30b1\u30fc\u30b9\u306f\u3001\u3053\u306e\u300c\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u305d\u308c\u4ee5\u4e0a\u306b\u9ad8\u3044\uff08\u5b9f\u8cea\u91d1\u5229\u304c\u4f4e\u3044\uff09\u300d\u72b6\u614b\u3067\u3088\u304f\u8d77\u3053\u308b\u73fe\u8c61\u3067\u3059\u3002<\/p>\n<h3>\u4e2d\u592e\u9280\u884c\u306e\u653f\u7b56\u304c\u91d1\u76f8\u5834\u3092\u5de6\u53f3\u3059\u308b\u7406\u7531<\/h3>\n<p>\u91d1\u4fa1\u683c\u306e\u52d5\u5411\u3092\u4e88\u6e2c\u3059\u308b\u4e0a\u3067\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u4e2d\u592e\u9280\u884c\u306b\u3042\u305f\u308b\u300cFRB\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff09\u300d\u306e\u52d5\u5411\u304c\u6700\u91cd\u8981\u8996\u3055\u308c\u308b\u306e\u306f\u3001\u5f7c\u3089\u304c\u30c9\u30eb\u306e\u91d1\u5229\u3092\u6c7a\u5b9a\u3059\u308b\u6a29\u9650\u3092\u6301\u3063\u3066\u3044\u308b\u304b\u3089\u3067\u3059\u3002<\/p>\n<ul>\n<li>FRB\u304c\u300c\u5229\u4e0a\u3052\u300d\u3092\u793a\u5506 \u2192 \u91d1\u5229\u4e0a\u6607\u3092\u5acc\u6c17\u3057\u3066\u91d1\u304c\u58f2\u3089\u308c\u308b\uff08\u4fa1\u683c\u4e0b\u843d\uff09<\/li>\n<li>FRB\u304c\u300c\u5229\u4e0b\u3052\u300d\u3092\u793a\u5506 \u2192 \u91d1\u5229\u4f4e\u4e0b\u3092\u597d\u611f\u3057\u3066\u91d1\u304c\u8cb7\u308f\u308c\u308b\uff08\u4fa1\u683c\u4e0a\u6607\uff09<\/li>\n<\/ul>\n<p>\u7d4c\u6e08\u30cb\u30e5\u30fc\u30b9\u3067\u300cFOMC\uff08\u9023\u90a6\u516c\u958b\u5e02\u5834\u59d4\u54e1\u4f1a\uff09\u306e\u7d50\u679c\u5f85\u3061\u3067\u91d1\u76f8\u5834\u304c\u5c0f\u52d5\u304d\u300d\u3068\u3044\u3063\u305f\u5831\u9053\u304c\u591a\u3044\u306e\u306f\u3001\u4e16\u754c\u306e\u6295\u8cc7\u5bb6\u304c\u300c\u6b21\u306e\u91d1\u5229\u306f\u3069\u3046\u306a\u308b\u304b\uff1f\u300d\u3092\u56fa\u553e\u3092\u98f2\u3093\u3067\u898b\u5b88\u3063\u3066\u3044\u308b\u305f\u3081\u3067\u3059\u3002<\/p>\n<h2>\u30c9\u30eb\u5186\u3068\u91d1\u4fa1\u683c\u306e\u95a2\u4fc2\u2014\u2014\u201c\u9006\u76f8\u95a2\u201d\u3092\u6b63\u3057\u304f\u7406\u89e3\u3059\u308b<\/h2>\n<p>\u65e5\u672c\u306e\u6295\u8cc7\u5bb6\u304c\u91d1\u6295\u8cc7\u3092\u8003\u3048\u308b\u969b\u3001\u907f\u3051\u3066\u901a\u308c\u306a\u3044\u306e\u304c\u300c\u70ba\u66ff\u30ec\u30fc\u30c8\u300d\u306e\u5f71\u97ff\u3067\u3059\u3002<br \/>\n\u300c\u30cb\u30e5\u30fc\u30b9\u3067\u306f\u91d1\u304c\u4e0b\u304c\u3063\u305f\u3068\u8a00\u3063\u3066\u3044\u308b\u306e\u306b\u3001\u56fd\u5185\u306e\u91d1\u4fa1\u683c\u306f\u4e0a\u304c\u3063\u3066\u3044\u308b\u300d\u3002\u3053\u306e\u30ba\u30ec\u304c\u751f\u3058\u308b\u30ab\u30e9\u30af\u30ea\u306f\u3001\u91d1\u304c\u300c\u30c9\u30eb\u5efa\u3066\u300d\u3067\u53d6\u5f15\u3055\u308c\u3066\u3044\u308b\u3053\u3068\u306b\u8d77\u56e0\u3057\u307e\u3059\u3002<\/p>\n<h3>\u30c9\u30eb\u5b89\uff1d\u91d1\u9ad8\u306e\u30e1\u30ab\u30cb\u30ba\u30e0<\/h3>\n<p>\u56fd\u969b\u7684\u306a\u5e02\u5834\u306b\u304a\u3044\u3066\u3001\u91d1\u306f\u901a\u5e38\u300c\u7c73\u30c9\u30eb\u300d\u3067\u5024\u4ed8\u3051\u3055\u308c\u307e\u3059\uff08\u30c8\u30ed\u30a4\u30aa\u30f3\u30b9\u3042\u305f\u308a\u3007\u3007\u30c9\u30eb\u3001\u306a\u3069\uff09\u3002<br \/>\n\u3053\u3053\u306b\u306f\u3001\u30c9\u30eb\u3068\u91d1\u306e\u300c\u9006\u76f8\u95a2\u300d\u3068\u547c\u3070\u308c\u308b\u30b7\u30fc\u30bd\u30fc\u95a2\u4fc2\u304c\u50cd\u304d\u307e\u3059\u3002<\/p>\n<ul>\n<li><strong>\u30c9\u30eb\u9ad8\uff08\u5f37\u3044\u30c9\u30eb\uff09\uff1a<\/strong> \u30c9\u30eb\u306e\u4fa1\u5024\u304c\u4e0a\u304c\u308b\u3068\u3001\u76f8\u5bfe\u7684\u306b\u91d1\u4fa1\u683c\u306f\u5272\u9ad8\u306b\u898b\u3048\u308b\u305f\u3081\u3001\u9700\u8981\u304c\u6e1b\u308a\u4fa1\u683c\u304c\u4e0b\u304c\u308a\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002<\/li>\n<li><strong>\u30c9\u30eb\u5b89\uff08\u5f31\u3044\u30c9\u30eb\uff09\uff1a<\/strong> \u30c9\u30eb\u306e\u4fa1\u5024\u304c\u4e0b\u304c\u308b\u3068\u3001\u4ed6\u901a\u8ca8\u3092\u6301\u3064\u56fd\u304b\u3089\u898b\u3066\u91d1\u304c\u5272\u5b89\u306b\u306a\u308b\u305f\u3081\u3001\u9700\u8981\u304c\u5897\u3048\u4fa1\u683c\u304c\u4e0a\u304c\u308a\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002<\/li>\n<\/ul>\n<p>\u4e00\u822c\u7684\u306b\u300c\u30c9\u30eb\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\uff08\u4e3b\u8981\u901a\u8ca8\u306b\u5bfe\u3059\u308b\u30c9\u30eb\u306e\u5f37\u3055\u3092\u793a\u3059\u6307\u6a19\uff09\u300d\u3068\u91d1\u4fa1\u683c\u306f\u9006\u306e\u52d5\u304d\u3092\u3059\u308b\u3053\u3068\u304c\u591a\u304f\u3001\u30c9\u30eb\u304c\u58f2\u3089\u308c\u308b\u5c40\u9762\u3067\u306f\u91d1\u306e\u8f1d\u304d\u304c\u5897\u3059\u50be\u5411\u306b\u3042\u308a\u307e\u3059\u3002<\/p>\n<h3>\u5186\u5efa\u3066\u91d1\u4fa1\u683c\u306f\u70ba\u66ff\u3082\u5f71\u97ff\u3059\u308b<\/h3>\n<p>\u79c1\u305f\u3061\u65e5\u672c\u4eba\u304c\u8cfc\u5165\u3059\u308b\u91d1\uff08\u30b0\u30e9\u30e0\u3042\u305f\u308a\u3007\u3007\u5186\uff09\u306f\u3001\u4e16\u754c\u306e\u91d1\u4fa1\u683c\uff08\u30c9\u30eb\u5efa\u3066\uff09\u3092\u65e5\u672c\u5186\u306b\u63db\u7b97\u3057\u305f\u3082\u306e\u3067\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u56fd\u5185\u4fa1\u683c\u306f\u4ee5\u4e0b\u306e2\u3064\u306e\u8981\u7d20\u306e\u639b\u3051\u7b97\u3067\u6c7a\u307e\u308a\u307e\u3059\u3002<\/p>\n<ol>\n<li><strong>\u56fd\u969b\u7684\u306a\u91d1\u4fa1\u683c\uff08\u30c9\u30eb\u5efa\u3066\uff09<\/strong><\/li>\n<li><strong>\u30c9\u30eb\u5186\u306e\u70ba\u66ff\u30ec\u30fc\u30c8<\/strong><\/li>\n<\/ol>\n<blockquote>\n<p><strong>\u56fd\u5185\u91d1\u4fa1\u683c\uff08\u6982\u7b97\uff09 \u2252 \u30c9\u30eb\u5efa\u3066\u91d1\u4fa1\u683c \u00d7 \u30c9\u30eb\u5186\u30ec\u30fc\u30c8 \u00f7 \u5358\u4f4d\u63db\u7b97\u4fc2\u6570<\/strong><\/p>\n<\/blockquote>\n<p>\u3053\u306e\u8a08\u7b97\u5f0f\u304c\u610f\u5473\u3059\u308b\u306e\u306f\u3001\u300c\u91d1\u305d\u306e\u3082\u306e\u306e\u5024\u6bb5\u304c\u5909\u308f\u3089\u306a\u304f\u3066\u3082\u3001\u5186\u5b89\u306b\u306a\u308c\u3070\u56fd\u5185\u306e\u91d1\u4fa1\u683c\u306f\u4e0a\u304c\u308b\u300d\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<h3>\u65e5\u672c\u306e\u6295\u8cc7\u5bb6\u304c\u898b\u843d\u3068\u3057\u304c\u3061\u306a\u201c\u5186\u5b89\u52b9\u679c\u201d<\/h3>\n<p>\u8fd1\u5e74\u3001\u65e5\u672c\u56fd\u5185\u3067\u91d1\u4fa1\u683c\u304c\u53f2\u4e0a\u6700\u9ad8\u5024\u3092\u66f4\u65b0\u3057\u7d9a\u3051\u3066\u3044\u308b\u5927\u304d\u306a\u8981\u56e0\u306f\u3001\u56fd\u969b\u7684\u306a\u91d1\u4fa1\u683c\u306e\u4e0a\u6607\u306b\u52a0\u3048\u3001\u6b74\u53f2\u7684\u306a\u300c\u5186\u5b89\u300d\u304c\u9032\u3093\u3060\u3053\u3068\u306b\u3042\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li><strong>\u30b1\u30fc\u30b9A\uff08\u5186\u9ad8\uff09\uff1a<\/strong> 1\u30c9\u30eb\uff1d100\u5186\u306e\u3068\u304d\u30011,800\u30c9\u30eb\u306e\u91d1\u306f\u65e5\u672c\u5186\u3067\u7d0418\u4e07\u5186\u3002<\/li>\n<li><strong>\u30b1\u30fc\u30b9B\uff08\u5186\u5b89\uff09\uff1a<\/strong> 1\u30c9\u30eb\uff1d150\u5186\u306b\u306a\u308b\u3068\u3001\u540c\u30581,800\u30c9\u30eb\u306e\u91d1\u3067\u3082\u65e5\u672c\u5186\u3067\u306f\u7d0427\u4e07\u5186\u3002<\/li>\n<\/ul>\n<p>\u3053\u306e\u3088\u3046\u306b\u3001\u30c9\u30eb\u5efa\u3066\u4fa1\u683c\u304c\u5909\u308f\u3089\u306a\u304f\u3066\u3082\u3001\u70ba\u66ff\u3060\u3051\u3067\u8cc7\u7523\u4fa1\u5024\u304c1.5\u500d\u306b\u306a\u308b\u3053\u3068\u304c\u3042\u308a\u5f97\u307e\u3059\u3002<br \/>\n\u65e5\u672c\u306b\u4f4f\u307f\u3001\u65e5\u672c\u5186\u3092\u4f7f\u3063\u3066\u751f\u6d3b\u3057\u3066\u3044\u308b\u79c1\u305f\u3061\u306b\u3068\u3063\u3066\u3001\u91d1\u3092\u6301\u3064\u3053\u3068\u306f\u300c\u5186\u306e\u4fa1\u5024\u4e0b\u843d\uff08\u5186\u5b89\uff09\u300d\u3078\u306e\u5f37\u529b\u306a\u9632\u885b\u7b56\uff1d\u30d8\u30c3\u30b8\u3068\u3057\u3066\u6a5f\u80fd\u3057\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u8f38\u5165\u5927\u56fd\u3067\u3042\u308b\u65e5\u672c\u306b\u304a\u3044\u3066\u8cc7\u7523\u3092\u5b88\u308b\u305f\u3081\u306e\u91cd\u8981\u306a\u8996\u70b9\u3067\u3059\u3002<\/p>\n<h2>\u91d1\u30fb\u9280\u30fb\u30d7\u30e9\u30c1\u30ca\u306e\u4fa1\u683c\u5909\u52d5\u69cb\u9020\u306e\u9055\u3044<\/h2>\n<p>\u300c\u8cb4\u91d1\u5c5e\u300d\u3068\u3057\u3066\u3072\u3068\u304f\u304f\u308a\u306b\u3055\u308c\u304c\u3061\u306a\u91d1\u30fb\u9280\u30fb\u30d7\u30e9\u30c1\u30ca\u3067\u3059\u304c\u3001\u4fa1\u683c\u6c7a\u5b9a\u306e\u30e1\u30ab\u30cb\u30ba\u30e0\u306f\u305d\u308c\u305e\u308c\u5168\u304f\u7570\u306a\u308a\u307e\u3059\u3002\u6295\u8cc7\u5bfe\u8c61\u3068\u3057\u3066\u5206\u6563\u3092\u8003\u3048\u308b\u969b\u3001\u305d\u308c\u305e\u308c\u306e\u300c\u6027\u683c\u300d\u3092\u30ed\u30b8\u30ab\u30eb\u306b\u628a\u63e1\u3057\u3066\u304a\u304f\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n<h3>\u91d1\uff1d\u901a\u8ca8\u7684\u8cc7\u7523\u3001\u9280\uff1d\u5de5\u696d\u8cc7\u7523\u3001\u30d7\u30e9\u30c1\u30ca\uff1d\u666f\u6c17\u654f\u611f\u8cc7\u7523<\/h3>\n<p>\u3053\u308c\u30893\u3064\u306e\u91d1\u5c5e\u306e\u6c7a\u5b9a\u7684\u306a\u9055\u3044\u306f\u3001\u300c\u4f55\u306b\u4f7f\u308f\u308c\u3066\u3044\u308b\u304b\uff08\u9700\u8981\u306e\u5185\u8a33\uff09\u300d\u306b\u3042\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li><strong>\u91d1\uff08Gold\uff09\uff1a<\/strong><br \/>\n    \u5b9d\u98fe\u54c1\u3084\u6295\u8cc7\uff08\u5ef6\u3079\u68d2\u30fb\u30b3\u30a4\u30f3\u30fbETF\uff09\u3001\u4e2d\u592e\u9280\u884c\u306e\u4fdd\u6709\u304c\u9700\u8981\u306e\u5927\u534a\u3092\u5360\u3081\u307e\u3059\u3002\u5de5\u696d\u7528\u3068\u3057\u3066\u306e\u5229\u7528\u306f\u4e00\u90e8\u306b\u9650\u3089\u308c\u308b\u305f\u3081\u3001\u300c\u666f\u6c17\u304c\u60aa\u304f\u3066\u3082\u4fa1\u5024\u304c\u4e0b\u304c\u308a\u306b\u304f\u3044\uff08\u4e0d\u6cc1\u306b\u5f37\u3044\uff09\u300d\u306e\u304c\u7279\u5fb4\u3067\u3059\u3002\u3042\u304f\u307e\u3067\u300c\u901a\u8ca8\u306e\u4ee3\u66ff\u300d\u3068\u3057\u3066\u306e\u5074\u9762\u304c\u5f37\u3044\u8cc7\u7523\u3067\u3059\u3002<\/li>\n<li><strong>\u9280\uff08Silver\uff09\uff1a<\/strong><br \/>\n    \u91d1\u3068\u540c\u69d8\u306b\u6295\u8cc7\u30fb\u5b9d\u98fe\u9700\u8981\u3082\u3042\u308a\u307e\u3059\u304c\u3001\u592a\u967d\u5149\u30d1\u30cd\u30eb\u3084\u96fb\u5b50\u90e8\u54c1\u306a\u3069\u300c\u5de5\u696d\u7528\u9700\u8981\u300d\u304c\u5168\u4f53\u306e\u534a\u5206\u4ee5\u4e0a\u3092\u5360\u3081\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u91d1\u306b\u9023\u52d5\u3057\u3064\u3064\u3082\u3001\u4e16\u754c\u306e\u88fd\u9020\u696d\u306e\u666f\u6cc1\u611f\u306b\u5de6\u53f3\u3055\u308c\u3084\u3059\u3044\u5074\u9762\u304c\u3042\u308a\u307e\u3059\u3002<\/li>\n<li><strong>\u30d7\u30e9\u30c1\u30ca\uff08Platinum\uff09\uff1a<\/strong><br \/>\n    \u81ea\u52d5\u8eca\u306e\u6392\u30ac\u30b9\u6d44\u5316\u89e6\u5a92\u306a\u3069\u3001\u5de5\u696d\u7528\u9700\u8981\uff08\u7279\u306b\u81ea\u52d5\u8eca\u7523\u696d\uff09\u3078\u306e\u4f9d\u5b58\u5ea6\u304c\u975e\u5e38\u306b\u9ad8\u3044\u91d1\u5c5e\u3067\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u91d1\u3068\u306f\u5bfe\u7167\u7684\u306b\u300c\u666f\u6c17\u304c\u826f\u3044\u3068\u4e0a\u304c\u308a\u3001\u4e0d\u6cc1\u306b\u306a\u308b\u3068\u4e0b\u304c\u308b\u300d\u3068\u3044\u3046\u3001\u682a\u4fa1\u306b\u8fd1\u3044\u52d5\u304d\uff08\u30cf\u30a4\u30ea\u30b9\u30af\u30fb\u30cf\u30a4\u30ea\u30bf\u30fc\u30f3\uff09\u3092\u898b\u305b\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/li>\n<\/ul>\n<h3>\u76f8\u95a2\u3068\u9006\u76f8\u95a2\u3067\u898b\u308b3\u91d1\u5c5e\u306e\u30d0\u30e9\u30f3\u30b9<\/h3>\n<p>\u3053\u306e\u7279\u6027\u306e\u9055\u3044\u306b\u3088\u308a\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u4fa1\u683c\u9023\u52d5\u306e\u50be\u5411\u304c\u898b\u3089\u308c\u307e\u3059\u3002<\/p>\n<ul>\n<li><strong>\u91d1\u3068\u30d7\u30e9\u30c1\u30ca\u306e\u9006\u8ee2\u73fe\u8c61\uff1a<\/strong><br \/>\n    \u304b\u3064\u3066\u306f\u300c\u30d7\u30e9\u30c1\u30ca\uff1e\u91d1\u300d\u306e\u4fa1\u683c\u5dee\u304c\u5e38\u8b58\u3067\u3057\u305f\u304c\u3001\u8fd1\u5e74\u306f\u9006\u8ee2\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u4ee5\u964d\u306e\u666f\u6c17\u4f4e\u8ff7\u3084\u3001\u81ea\u52d5\u8eca\u7523\u696d\u306e\u69cb\u9020\u5909\u5316\uff08\u30c7\u30a3\u30fc\u30bc\u30eb\u8eca\u96e2\u308c\u7b49\uff09\u306b\u3088\u308a\u30d7\u30e9\u30c1\u30ca\u9700\u8981\u304c\u5f31\u542b\u3080\u4e00\u65b9\u3001\u5b89\u5168\u8cc7\u7523\u3068\u3057\u3066\u306e\u91d1\u9700\u8981\u304c\u9ad8\u307e\u308a\u7d9a\u3051\u305f\u7d50\u679c\u3067\u3059\u3002<\/li>\n<li><strong>\u9280\u306e\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\uff08\u5909\u52d5\u7387\uff09\uff1a<\/strong><br \/>\n    \u9280\u306e\u5e02\u5834\u898f\u6a21\u306f\u91d1\u306b\u6bd4\u3079\u3066\u975e\u5e38\u306b\u5c0f\u3055\u3044\u305f\u3081\u3001\u5c11\u3057\u306e\u8cc7\u91d1\u6d41\u5165\u30fb\u6d41\u51fa\u3067\u4fa1\u683c\u304c\u5927\u304d\u304f\u4e71\u9ad8\u4e0b\u3057\u307e\u3059\u3002\u300c\u8ca7\u8005\u306e\u91d1\u300d\u3068\u3082\u547c\u3070\u308c\u307e\u3059\u304c\u3001\u5024\u52d5\u304d\u306e\u8352\u3055\u306f\u91d1\u4ee5\u4e0a\u3067\u3042\u308a\u3001\u77ed\u671f\u7684\u306a\u6295\u6a5f\u5bfe\u8c61\u306b\u306a\u308a\u3084\u3059\u3044\u70b9\u306b\u306f\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/li>\n<\/ul>\n<h3>\u4e16\u754c\u306e\u9700\u7d66\u30c8\u30ec\u30f3\u30c9\u3068ETF\u52d5\u5411<\/h3>\n<p>\u8fd1\u5e74\u3001\u624b\u8efd\u306b\u8cb4\u91d1\u5c5e\u6295\u8cc7\u304c\u3067\u304d\u308b\u300cETF\uff08\u4e0a\u5834\u6295\u8cc7\u4fe1\u8a17\uff09\u300d\u306e\u6b8b\u9ad8\u63a8\u79fb\u304c\u3001\u4fa1\u683c\u3092\u5148\u884c\u3057\u3066\u52d5\u304b\u3059\u8981\u56e0\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002<br \/>\n\u7279\u306b\u91d1ETF\u306e\u6b8b\u9ad8\u306f\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u30bb\u30f3\u30c1\u30e1\u30f3\u30c8\uff08\u5e02\u5834\u5fc3\u7406\uff09\u3092\u30c0\u30a4\u30ec\u30af\u30c8\u306b\u53cd\u6620\u3057\u307e\u3059\u3002WGC\u7b49\u306e\u30ec\u30dd\u30fc\u30c8\u3067\u3082\u3001ETF\u3078\u306e\u8cc7\u91d1\u6d41\u5165\u304c\u7d9a\u304f\u6642\u671f\u306f\u91d1\u76f8\u5834\u304c\u5f37\u6c17\u30c8\u30ec\u30f3\u30c9\u306b\u3042\u308b\u3068\u5206\u6790\u3055\u308c\u308b\u3053\u3068\u304c\u591a\u304f\u3001\u9700\u7d66\u30c7\u30fc\u30bf\u3092\u30c1\u30a7\u30c3\u30af\u3059\u308b\u969b\u306f\u300c\u73fe\u7269\u9700\u8981\u300d\u3060\u3051\u3067\u306a\u304f\u300c\u91d1\u878d\u5546\u54c1\u3068\u3057\u3066\u306e\u9700\u8981\u300d\u3082\u898b\u308b\u8996\u70b9\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u3002<\/p>\n<h2>\u307e\u3068\u3081\uff5c\u7d4c\u6e08\u30cb\u30e5\u30fc\u30b9\u3092\u201c\u91d1\u76f8\u5834\u306e\u8996\u70b9\u201d\u3067\u8aad\u3080\u529b\u3092\u3064\u3051\u3088\u3046<\/h2>\n<p>\u3053\u3053\u307e\u3067\u3001\u91d1\u76f8\u5834\u3092\u52d5\u304b\u3059\u300c\u30a4\u30f3\u30d5\u30ec\u300d\u300c\u91d1\u5229\u300d\u300c\u70ba\u66ff\u300d\u3068\u3044\u30463\u3064\u306e\u5927\u304d\u306a\u529b\u5b66\u3068\u3001\u8cb4\u91d1\u5c5e\u3054\u3068\u306e\u7279\u6027\u306b\u3064\u3044\u3066\u89e3\u8aac\u3057\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n<p>\u91d1\u306f\u5358\u306b\u300c\u8f1d\u304f\u91d1\u5c5e\u300d\u3067\u3042\u308b\u3060\u3051\u3067\u306a\u304f\u3001\u4e16\u754c\u4e2d\u306e\u6295\u8cc7\u5bb6\u304c\u7d4c\u6e08\u306e\u5148\u884c\u304d\u3092\u3069\u3046\u898b\u3066\u3044\u308b\u304b\u3092\u6620\u3057\u51fa\u3059\u300c\u30d0\u30ed\u30e1\u30fc\u30bf\u30fc\u300d\u3067\u3059\u3002<br \/>\n\u3053\u308c\u304b\u3089\u306e\u7d4c\u6e08\u30cb\u30e5\u30fc\u30b9\u3092\u898b\u308b\u969b\u306f\u3001\u305c\u3072\u4ee5\u4e0b\u306e\u8996\u70b9\u3092\u6301\u3063\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<ul>\n<li>\u300c\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u9ad8\u6b62\u307e\u308a\u3057\u3066\u3044\u308b\u304b\u3089\u3001\u304a\u91d1\u306e\u4fa1\u5024\u3092\u5b88\u308b\u305f\u3081\u306b\u91d1\u304c\u8cb7\u308f\u308c\u3066\u3044\u308b\u306e\u304b\u300d<\/li>\n<li>\u300c\u7c73\u56fd\u306e\u5229\u4e0b\u3052\u89b3\u6e2c\u304c\u51fa\u305f\u304b\u3089\u3001\u91d1\u5229\u306e\u3064\u304b\u306a\u3044\u91d1\u306b\u8cc7\u91d1\u304c\u623b\u3063\u3066\u304d\u305f\u306e\u304b\u300d<\/li>\n<li>\u300c\u5186\u5b89\u304c\u9032\u3093\u3067\u3044\u308b\u304b\u3089\u3001\u65e5\u672c\u5186\u3067\u306e\u751f\u6d3b\u9632\u885b\u3068\u3057\u3066\u91d1\u4fa1\u683c\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u306e\u304b\u300d<\/li>\n<\/ul>\n<p>\u3053\u308c\u3089\u306e\u56e0\u679c\u95a2\u4fc2\u3092\u30ed\u30b8\u30ab\u30eb\u306b\u8aad\u307f\u89e3\u304f\u3053\u3068\u304c\u3067\u304d\u308c\u3070\u3001\u6f20\u7136\u3068\u3057\u305f\u5c06\u6765\u306e\u304a\u91d1\u306e\u4e0d\u5b89\u306f\u3001\u300c\u6839\u62e0\u306e\u3042\u308b\u4e88\u6e2c\u300d\u3068\u300c\u5177\u4f53\u7684\u306a\u5bfe\u7b56\u300d\u3078\u3068\u5909\u308f\u3063\u3066\u3044\u304d\u307e\u3059\u3002<br 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