State Street Global Advisors operates the world's largest gold exchange-traded fund. Chief gold strategist George Milling-Stanley opposed the notion that cryptocurrencies could compete with gold. The high volatility of cryptocurrencies makes it unsuitable for gold as a long-term strategic asset. Thanks to its 6,000-year history, gold has a proven track record of providing a hedge against inflation, stock market weakness and the depreciation of the dollar. Milling-Stanley believes that gold helps boost the returns of a balanced portfolio.


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