道富環球投資顧問公司的喬治米林-史丹利警告說，比特幣上漲正在產生錯誤的安全感

喬治·米林·史丹利 (George Milling-Stanley) 警告稱，加密貨幣投資並不能提供黃金的穩定性。

Investors are being lured into a false sense of security by the recent bitcoin rally, according to the strategist behind the granddaddy of gold exchange-traded funds.

黃金交易所交易基金鼻祖背後的策略師表示，最近比特幣的上漲讓投資人陷入了錯誤的安全感。

State Street Global Advisors’ George Milling-Stanley warns that cryptocurrency plays don’t offer the stability of gold.

道富環球顧問公司的 George Milling-Stanley 警告稱，加密貨幣投資並不能提供黃金的穩定性。

“Bitcoin, pure and simple, it’s a return play, and I think that people have been jumping onto the return plays,” the firm’s chief gold strategist said on CNBC’s “ETF Edge” this week.

該公司首席黃金策略師本週在 CNBC 的“ETF Edge”節目中表示：“比特幣，純粹而簡單，它是一種回報遊戲，我認為人們一直在跳入回報遊戲。”

Milling-Stanley’s comments came as his firm’s SPDR Gold Shares ETF (GLD) celebrated its 20-year anniversary this week. It is the world’s largest physically backed gold ETF, and it’s up more than 30% in 2024.

米林史丹利發表此番言論之際，該公司的 SPDR 黃金股 ETF (GLD) 本週慶祝成立 20 週年。它是全球最大的實物支持黃金 ETF，到 2024 年漲幅將超過 30%。

“Gold was $450 an ounce [20 years ago],” said Milling-Stanley. “It’s now five times what that price was then. If you look at a five-times price, then gold should be somewhere over $100,000 in twenty years’ time.”

「20 年前，黃金價格為每盎司 450 美元，」Milling-Stanley 說。 「現在的價格是當時價格的五倍。如果你看一下五倍的價格，那麼二十年後金價應該會超過 10 萬美元。

Gold just had its best weekly performance since March 2023. Gold futures settled at $2,712.20 on Friday, the highest settle since Nov. 5. Gold prices are now just 3% below the record high hit on Oct. 30.

黃金剛剛創下自2023 年3 月以來的最佳單週表現。 3%。

Bitcoin, which has surged since the Nov. 5 election, is having a banner year, too. It hit an all-time high on Friday.

比特幣自 11 月 5 日大選以來一直飆升，今年也迎來了輝煌的一年。週五創下歷史新高。

Milling-Stanley thinks investors who treasure gold’s safety qualities should reconsider piling into bitcoin. He suggests the crypto world is trying to manipulate them.

米林-史丹利認為，珍視黃金安全品質的投資人應該重新考慮買入比特幣。他認為加密世界正在試圖操縱它們。

“This is why they [bitcoin promoters] called it mining. There’s no mining involved. This is a computer operation, pure and simple,” he said. “But they called it mining because they wanted to seem like gold — maybe take some of the aura away from the gold.”

「這就是為什麼他們（比特幣推廣者）稱之為挖礦。不涉及採礦。這是純粹而簡單的計算機操作，」他說。 “但他們稱之為採礦，因為他們希望看起來像金子——也許會帶走金子的一些光環。”

Yet, he acknowledges it is unclear how high the yellow metal can actually go.

然而，他承認目前尚不清楚這種黃色金屬實際上能漲到多高。

“I have no idea what’s going to happen over the next 20 years except it’s going to be a fun ride,” Milling-Stanley said. “I think that gold is going to do well.”

「我不知道未來 20 年會發生什麼，除了這將是一次有趣的旅程，」米林-史丹利說。 “我認為黃金將會表現良好。”