Lucid Investments

29/10/2025

Last week we saw a sharp pullback in gold – roughly 9% down to the $3,950/ounce range. But it’s important to keep perspective: Year-to-date, gold is still up around 45%. In other words, what we are seeing now is a healthy correction after a very strong upward move.

Throughout the year, gold benefitted mainly from rising uncertainty:
• Geopolitical tensions and shifting global alliances
• Record-high public debt levels
• Concerns around the long-term strength of the US dollar
• And a growing preference among investors for diversification and hedging tools

So the question is not “Why did gold fall last week?”
The better question is: What role does gold play in a long-term portfolio during a period of structural uncertainty?
Gold is not meant to “beat the market.” It serves as a stabilizer — a layer of protection that reduces volatility and mitigates tail risks.
And in environments like the one we are in today, that layer can be valuable.

Thank you Sami Peretz and Amit Tomer for the thoughtful conversation on החזית הכלכלית - Galei Zahal. Always a pleasure to discuss how investors can think clearly and strategically in times of noise.
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29/10/2025

Delighted to see the story of Israel’s growing family-office and private-banking ecosystem told so thoughtfully by Tal Shahaf in and .

It was a pleasure to contribute insights on how global practices and local innovation are shaping opportunities for families, entrepreneurs, and HNWIs in Israel.

Thank you, Tal, for inviting all of us to be part of this important conversation.

Israel’s millionaire class is booming despite war and political turmoil, with Tel Aviv at the center; Swiss banks, family offices and wealth managers are racing to serve the country’s new rich

17/09/2025

Thank you Nathanel Ariel for this interview 🙏🏻

16/09/2025

Last week we had the pleasure of participating in one of the most significant financial conferences held in Israel this year – by .

The panel we joined focused on:
“Wealth Management in a New Era – Between Family Offices and Private Banking”, and brought together key players from Israel’s wealth management ecosystem to discuss volatile markets, changing regulations, and emerging global opportunities.

As traditional investment houses are being challenged by family offices and independent advisory firms, it was fascinating to explore how our industry is evolving – from the tools we use to the values we uphold.

I had the privilege of sharing the stage with:
• Oren Ben Ishay, Global Head of Israel, HSBC Private Banking
• Yair Shani, Co-CEO, Sigma Clarity
• Eran Reinisch, Founder, Excalibur
• Gil Koren, CEO, The Service Wealth Management
• Moran Siton, Founder & CEO, 4 Seasons
Moderated by Itamar Mainemer, Tech Reporter, Channel 12

And the conference opened with a keynote by Graham Secker, Head of Equity Strategy at Pictet Wealth Management – offering a sharp and global perspective on market trends.

Thank you to and for the invitation and for creating such an inspiring platform for open and relevant discussion.

13/03/2025