The founder of the biggest gold ETF is still bullish 20 years later

Published On Nov 21, 2024, 7:30 PM

The founder of the first gold-tracking ETF, George Milling-Stanley, remains optimistic about gold's future 20 years after its inception. He cites strong demand for gold from both central banks and individual investors, particularly in emerging markets like India and China. Despite some recent pullbacks in the gold market due to increased risk appetite among investors, Milling-Stanley believes the SPDR Gold Shares ETF (GLD) and the gold market overall are beginning to recover. The GLD ETF has grown significantly, demonstrating the rising interest in gold investment over the past two decades.

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Positive

The demand for gold as a safe haven and investment continues to grow, particularly with interest from emerging market economies. With factors such as inflation and geopolitical tensions that often drive investors to gold, and recent optimistic forecasts about gold's performance, the GLD ETF is likely to benefit.

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