The founder of the largest gold ETF remains optimistic about gold's future 20 years later.

The founder of the first gold-tracking ETF remains optimistic about the commodity after 20 years.

George Milling-Stanley stated on CNBC's "ETF Edge" that things are looking positive for the remainder of this year and for the upcoming year.

The State Street chief gold strategist pointed out that demand from central banks and individual investors in emerging markets, including India and China, are significant factors driving the growth of the precious metal.

Despite the postelection pullback in and the , the record run this year remains unblemished.

The stock market and cryptocurrencies have experienced significant growth since the Nov. 5 election, as investors have embraced risk-on assets, according to Milling-Stanley.

Milling-Stanley stated that the precious metal and the ETF are regaining some of the lost ground.

The introduction of the ETF revolutionized commodity ownership 20 years ago.

The demand for gold has surged, causing a shift in investment from jewelry to bullion and ETFs. Milling-Stanley views this as a significant change in the commodity investment landscape and portfolio management.

Todd Sohn, a technical strategist at Strategas, states that ETFs have attracted more investors to gold due to their broader accessibility.

Regardless of your investment goals, Sohn advised that you could diversify your portfolio by adding something other than an equity and a fixed income instrument.

Since its inception, the stock has experienced a 451% increase, with a 29% growth projected for 2024.