That's according to George Milling-Stanley, one of the world's experts in gold and the chief gold strategist at State Street Global Advisors.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyThey're differentiated by their gross expense ratios — 0.40% for GLD and 0.10% for GLDM — and it's this key distinction that also differentiates the type of investor they attract, according to Milling-Stanley.
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Investors Advised to Choose Physical Gold Over Gold Stocks for Market VolatilityGeorge Milling-Stanley, chief gold strategist at State Street Global Advisors, suggests that investors should consider investing in physical gold as a means of protection against potential weakness in the equity market. He explains that gold stocks tend to go down with the general level of the equity market, while physical gold offers an extra level of protection. The distinction in expense ratios between gold stocks also attracts different types of investors.
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