Millennials are buying more gold than Boomers or Gen-X, according to a recent survey. But there’s a catch. Millennials are also more likely to invest in paper gold instead of physical metal. According to the report by State Street, on average, Millennials have 17% of their portfolios allocated to gold. Boomers and X-ers lag with a 10% allocation on average. About 88% of the investors surveyed who hold gold called it a long-term investment. More than 70% reported that gold boosted the overall performance of their portfolios. More than half…
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