Gold vs. Bitcoin: The Safe Haven Showdown
With inflation fears rising, rate cuts on the horizon and market volatility ramping up, investors are turning to gold—but is it still the best hedge?
In this episode of Talk ETFs, etf.com Senior Analyst Sumit Roy talks with George Milling-Stanley, chief gold strategist at State Street Global Advisors, to explore gold’s run to record highs, its rivalry with bitcoin and what’s next for gold investors.
The price of the yellow metal recently topped $2,900 per ounce for the first time and seems to be well on its way to $3,000 or beyond.
So, why is gold rallying, and is it the best safe haven in the current environment?