Bitcoin vs. gold: Two leading authorities on the precious metal unpack the inflation hedge battle

CNBC/Lizzy Gurdus/11-10-2021

Graphic image of a gold king chess piece surrounded by downed pawns

“I think it is quite possible for these two assets to coexist quite happily in the market because they do completely different jobs.”

USAGOLD note: SPDR Gold Trust’s George Milling-Stanley defines the differences between bitcoin and gold. Gold, he says, is the “holy grail of any asset allocator.” Inflation, he says, will draw gold back into favor. Granite Shares’ Will Rhind says investor buying of bitcoin is “highly speculative” while investors purchase gold for “defensive” reasons. The best offense, as the old saying goes, is a good defense.

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