道富环球投资顾问公司的乔治·米林-斯坦利警告说，比特币上涨正在产生一种错误的安全感

乔治·米林·斯坦利 (George Milling-Stanley) 警告称，加密货币投资并不能提供黄金的稳定性。

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.

黄金交易所交易基金鼻祖背后的策略师表示，最近比特币的上涨让投资者陷入了一种错误的安全感。

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

道富环球顾问公司的 George Milling-Stanley 警告称，加密货币投资并不能提供黄金的稳定性。

“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.

该公司首席黄金策略师本周在 CNBC 的“ETF Edge”节目中表示：“比特币，纯粹而简单，它是一种回报游戏，我认为人们一直在跳入回报游戏。”

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-斯坦利发表此番言论之际，该公司的 SPDR 黄金股 ETF (GLD) 本周庆祝成立 20 周年。它是全球最大的实物支持黄金 ETF，到 2024 年涨幅将超过 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，黄金价格为每盎司 450 美元，”Milling-Stanley 说道。 “现在的价格是当时价格的五倍。如果你看一下五倍的价格，那么二十年后金价应该会超过 10 万美元。”

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.

黄金刚刚创下自 2023 年 3 月以来的最佳单周表现。黄金期货周五收于 2,712.20 美元，为 11 月 5 日以来的最高收盘价。目前金价仅比 10 月 30 日创下的历史高点低 3%。

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

比特币自 11 月 5 日大选以来一直飙升，今年也迎来了辉煌的一年。周五创下历史新高。

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-斯坦利认为，珍视黄金安全品质的投资者应该重新考虑买入比特币。他认为加密世界正在试图操纵它们。

“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.”

“这就是为什么他们（比特币推广者）将其称为挖矿。不涉及采矿。这是纯粹而简单的计算机操作，”他说。 “但他们称之为采矿，因为他们希望看起来像金子——也许会带走金子的一些光环。”

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

然而，他承认目前尚不清楚这种黄色金属实际上能涨到多高。

“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.”

“我不知道未来 20 年会发生什么，除了这将是一次有趣的旅程，”米林-斯坦利说。 “我认为黄金将会表现良好。”