The notion that gold is a “fuddy-duddy” investment no longer rings true, according to Milling-Stanley. State Street’s 2023 Gold ETF Impact Study found that millennials had greater portions of their portfolios allocated in gold than older generations.
The metal’s popularity among younger investors comes as bitcoin continues to attract assets from both millennials and Generation Z. A Policygenius survey published this week found that millennials were more likely to own bitcoin than any other generation, and Gen Z was more likely to own bitcoin than stocks, bonds or real estate.
But Milling-Stanley pushed back on the idea that gold and bitcoin are competing for assets across the board.
“Bitcoin may well be some competition for the people who want to take a tactical position in gold and just wait for the price to go up and sell. I think that bitcoin may well offer competition there,” he said. “But I don’t think that bitcoin really competes in terms of a long-term strategic allocation, and that’s where I think gold really comes into its own.”
Some bullion items can be bought at less than 1% over spot from major wholesalers. Austria 100Kr were just 1/10% over spot. Premiums are low if you want to buy into this strong market.
Collector and dealer in obsolete currency. Always buying all obsolete bank notes and scrip.
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Got some, Boomers?
Bullion, bitcoin and boomers
The notion that gold is a “fuddy-duddy” investment no longer rings true, according to Milling-Stanley. State Street’s 2023 Gold ETF Impact Study found that millennials had greater portions of their portfolios allocated in gold than older generations.
The metal’s popularity among younger investors comes as bitcoin continues to attract assets from both millennials and Generation Z. A Policygenius survey published this week found that millennials were more likely to own bitcoin than any other generation, and Gen Z was more likely to own bitcoin than stocks, bonds or real estate.
But Milling-Stanley pushed back on the idea that gold and bitcoin are competing for assets across the board.
“Bitcoin may well be some competition for the people who want to take a tactical position in gold and just wait for the price to go up and sell. I think that bitcoin may well offer competition there,” he said. “But I don’t think that bitcoin really competes in terms of a long-term strategic allocation, and that’s where I think gold really comes into its own.”
Ripping higher this morning. Jun24 COMEX sitting at $2415.
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 35 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Some bullion items can be bought at less than 1% over spot from major wholesalers. Austria 100Kr were just 1/10% over spot. Premiums are low if you want to buy into this strong market.
My Costco gas 87 is 5.299 and 92 is 5.699 now. Every thing is price up.
GOLD
$2,391.10
(+8.22)
Still holding close to $2400
GOLD
$2,401.98
(+23.02)
OK, it is officially over $2,400 again.
Gold making another run at $2,400!
Philippians 4:4-7
Looks like we need to increase the target for the year for 2500.
I also hope silver can break 30 for the year.
Wow, silver break 30 today.
Awesome... I bought gold about 250 years ago...
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
GOLD
$2,414.69
(+37.76)
GOLD
$2,435.90
(+21.22)
A combined weekend jump of close to $60.00.