Instuitional Investor - Guild Investment Management, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Malvern Fds		331,890	$16,577,906	11.85%
2.	Global X Fds		131,685	$13,215,907	9.44%
3.	Sprott Physical Gold Trust	PHYS	362,870	$12,860,113	9.19%
4.	Spdr Series Trust		113,336	$10,386,111	7.42%
5.	Nvidia Corp	NVDA	46,655	$8,137,097	5.81%