Bloomberg analyst: Gold rallies well, but still slightly behind bitcoin, the gap is rapidly narrowing
2024-08-20 11:44:36
Bloomberg ETF analyst Eric Balchunas posted on the X platform that gold is finally paying off for its generous returns, GLD has risen by $2 billion in the past 6 months after rising 23% in the past 6 months, outpacing stocks. That said, since the launch of the ETF, it is still behind Bitcoin, but not by much, probably 500 basis points, the gap is rapidly narrowing. Store of value is in effect.
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