Filed Pursuant To Rule 433
Registration No. 333-217785
February 9, 2018
State Street Strategist: Every Portfolio Can Benefit From Gold
By Jayson Derrick
February 8, 2018
Gold prices tend to move lower at the early stages of a stock market sell-off, according to one gold expert.
George Milling-Stanley, head of State Street Global Advisors gold strategy.
When faced with the prospect of margin calls, many investors and traders arent interested in selling their stock positions at depleted levels, Milling-Stanley said during CNBCs Worldwide Exchange. Investors are instead turning to gold, or the thing that comes in useful when other things go down, Milling-Stanley said.
Gold does its job, which implies investors will return to buy it back so the current weakness in gold and gold-related products like the SPDR Gold Trust (ETF) GLD 0.15% is likely to reverse, he said.
While there never is a bad time to be buying gold, now is certainly a perfect to be buyers of the commodity, he said. The pressure in gold has been to the upside, which creates an ideal scenario for investors, Milling-Stanley said.
Every portfolio would benefit from a small strategic allocation to gold, and I dont think that the particular entry point is necessarily the thing to focus on.
Some experts are saying there is a relationship between bitcoin and gold, but Milling-Stanley said he isnt seeing any evidence of that. Gold is among the least-volatile instruments, but bitcoin and other cryptocurrencies have proven to be exponentially bigger, which implies none of the cryptocurrencies are serious competitors to gold, he said.
Shares of the Gold Trust ETF were up 0.29 percent to $125.15 at the time of publication Thursday afternoon.
SPDR® GOLD TRUST has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the Trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Trust or any Authorized Participant will arrange to send you the prospectus if you request it by calling toll free at 1-866-320-4053 or contacting State Street Global Advisors Funds Distributors, LLC, One Lincoln Street, Attn: SPDR® Gold Shares, 30th Floor, Boston, MA 02111.