Physical gold offers more protection than mining stocks, says State Street’s George Milling-Stanley
Publishing timestamp: 2024-04-11 19:00:01
Summary
George Milling-Stanley, chief gold strategist at State Street Global Advisors, recommends physical gold over gold stocks for investors looking to weather volatile markets. He believes that gold offers protection against potential weakness in the equity market. Millennials are increasingly allocating portions of their portfolios to gold, as shown in State Street's 2023 Gold ETF Impact Study. While bitcoin may compete with gold for tactical positions, gold remains a strong choice for long-term strategic allocation.
Sentiment: POSITIVE
Tickers: GDX, GLD, GLDM, BTC.CM=, @GC.1,
Keywords: digital currency, spdr gold shares, breaking news: investing, interest rates, personal investing, vaneck gold miners etf, generation y, currency markets, inflation, gold comex (apr'23), generation z, exchange-traded funds, bitcoin/usd coin metrics, markets, bitcoin, spdr gold minishares trust, wall street, investment strategy, economy, baby boomers, breaking news: economy, business news, cryptocurrency, stock markets, breaking news: markets,
Source: https://www.cnbc.com/2024/04/11/gold-is-safer-than-mining-stocks-state-streets-milling-stanley.html