Maxwell Gold, CFA, Head of Gold Strategy, State Street Global Advisors and a panel of experts discuss their outlook on gold, the state of the markets, and key factors advisors should consider when making portfolio allocation decisions.
Gold, for many, is a symbol of safety in uncertain times. Historically, gold has surged during war times, recessions, and in reaction to a weakening dollar. In the last five decades, gold has outperformed U.S. stocks, bonds, and the dollar during recession times. Recently, in the wake of a global pandemic, record market volatility and consistently low interest rates, gold hit record highs.
As the U.S. economy begins to recover, the State Street Global Advisor team points to gold as a way for advisors to navigate the ongoing uncertainty and deliver long term returns to investors.
State Street’s Gold ETFs, SPDR® Gold Shares (GLD) and SPDR® Gold MiniSharesSM Trust (GLDM), aim to provide investors with a cost efficient and liquid way to access gold.
To learn more on the benefits of investing in gold, head here.