Welcome to Animal Spirits, a show about markets, life, and investing.

Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching.

Michael Batnick and Ben Carlson work for Ritalt 12th Management.

While opinions expressed by Michael and Ben or any podcast guests are solely their own opinions

are subject to change based on market and other conditions and factors and do not

reflect the opinion of Rinalts wealth management, State Street Global Advisors, and or State Street

corporations and its affiliates. This podcast is for informational purposes only and should not be relied upon for investment decisions.

Clients are Redholz Wealth Management may maintain positions in the securities discussed in this podcast.

Welcome to Animal Spirits with Michael and Dan. On today's show we sat down with George

Milling Stanley. He is the chief gold strategist at State Street Global Advisors.

He is the most reasonable, pleasant gold enthusiasts that I've ever spoken to, not that I've spoken to so many, but wasn't that like a breath of fresh air?

Yeah, because usually you get extremes when it comes to gold.

Either on the one end, you say people who say it's completely useless, it's a yellow rock,

and you could take all the world's gold and melt it down and put it in a swimming pool and they say

it's worthless or you get people who say the dollar is going to be worthless and

you have to have all your money and gold. There are a few people who say you know

what why don't you keep it as part of a diversified

portfolio because it's a ultra diversifying asset that marches to its own beat and you

use it as a diversify and rebalance and that's what he's saying he was yeah a breath of fresh air for this topic

You know there was one missed opportunity he said that he's been investing in gold for 50 years

And I wish that we asked him what it used to be like to buy gold prior to the advent of say

ETS.

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