From Birch Gold Group
This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: A pro-gold reassessment of savings allocations is on the way, how a Biden presidency could boost gold through inflation, and treasure hunter opts for jail to keep his discovery of gold coins hidden.
State Street Global Advisors: 10% of savings in gold gives investors the biggest advantage
In a recent web seminar held by State Street Global Advisors, two gold experts went over why November’s institutional outflows from the gold market are not only inconsequential for the metal, but also go against what participants can expect from funds moving forward. State Street Global Advisors’ chief gold strategist George Milling-Stanley and World Gold Council’s manager of investment research Adam Perlaky expanded upon the bullish prospects that gold is facing in 2021 and onwards.