Orion's The Weighing Machine

Maxwell Gold of State Street Global Advisors - A Gold-Based Investment Strategy


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There are many different schools of thought when it comes to investment strategies. Some people invest based on stocks, others on cryptocurrency. And then some invest in gold. Gold has been used as a form of currency and investment for centuries, and it’s still a popular choice today. How can investors own gold and include it in their portfolios?

In this episode, Rusty and Robyn talk with Maxwell Gold, Head of Gold Strategy at State Street Global Advisors. Before joining SSGA in July 2019, Maxwell served as the Director of Investment Strategy at Aberdeen Standard Investments, heading macroeconomic and commodity thought leadership for its $3B U.S. ETF business. Today, Maxwell talks about the gold-based investment strategy, how gold can be used in an investment portfolio, and the risks and rewards associated with such an investment.


Key Takeaways

  • [03:36] -  What drew Maxwell to specialize in gold investments.
  • [04:51] - Maxwell's outlook for the gold market for the rest of the year.
  • [06:53] - Should gold be considered for a permanent strategic allocation and investment portfolio?
  • [09:54] - How gold diversifies market risks.
  • [14:00] - How investors can own gold.
  • [17:29] - Comparing silver and gold investments.
  • [21:44] - Maxwell's view on digital gold, such as Bitcoin and cryptocurrencies.
  • [25:55] - How Maxwell keeps his physical and mental health to perform at his best.

  • Quotes

    [07:22] - "Gold is a unique asset class. It has a low negative correlation to stocks, bonds, and other alternative assets over time." - Maxwell Gold

    [11:47] - "When you look at gold and evaluate it as an asset class, it's unique and very distinct. It's hard to replicate the exact factors or risk exposure it provides compared to any other asset class out there." - Maxwell Gold

    [12:55] - "The real power and benefit of gold ‘inflation hedge’ comes from monetary inflation and gold's ability to serve not as an inflation hedge per se but much more as a store value asset and ability to preserve spending power, particularly over the long run over several years, if not longer." - Maxwell Gold

     

    Links 

    • Maxwell Gold on LinkedIn
    • State Street SPDR ETFs
    • Gold on the Ceiling by The Black Keys
    • Merrill Lynch
    • JP Morgan
    • Money For Nothing by Thomas Levenson

    • Connect with our hosts

      • Rusty Vanneman
      • Robyn Murray

      • Subscribe and stay in touch

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        • Google Podcasts

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          Orion's The Weighing MachineBy Orion Portfolio Solutions

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