Last week in the State Street Global Advisors’ Gold ETF Impact Study, the firm reported that “Among approximately 1,000 investors surveyed, Millennials have the biggest allocation to gold at 17%, with Baby Boomers and Gen X investors lagging behind at just 10%.” The report also highlighted that millennials are more positive toward this asset class when compared to the other generations.
The study supported this by asking investors from the three generations about their thoughts on several different gold ETF topics. The results showed that a majority of millennials believe that gold ETFs are the best way to invest in gold. Specifically, 69% of millennials agreed compared to 55% of baby boomers and 35% of Gen Xers. On top of that, the report also showed that “Survey participants who hold gold ETFs are more likely to be Millennials.” Ultimately, the study revealed that millennials have a significant amount of admiration for ETFs that give exposure to gold.
Although State Street’s SPDR ETF family only offers physical gold ETFs, there are multiple ways investors can gain access to this asset class through an ETF wrapper, including via gold mining equities. VanEck offers a pair of ETFs that respectively provide exposure to large-cap and small-cap gold miners.
See More: “Gaining Leveraged Exposure to Gold“