The SPDR® Gold MiniShares® (NYSE Arca: GLDM) offers investors one of the lowest available expense ratios for a U.S. listed physically gold-backed ETF. GLDM may be beneficial to investors who intend to have long-term exposure to gold.
By offering a lower expense ratio (0.10% compared to GLD's 0.40%) and a smaller share price (today around $54 versus GLD's $178+), GLDM provides an efficient, low-cost way for individual investors to gain exposure to the price of gold without the higher fees associated with larger ETFs like GLD.
iShares Gold Trust ETF GLD is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.25% for IAU. GLD is up 1.86% year-to-date (YTD) with -$122M in YTD flows. IAU performs better with 2.93% YTD performance, and +$50M in YTD flows.
GLD is a gold ETF which offers investors a cost-effective and secure way to own physical gold without taking delivery as the underlying assets are held in trust in the vault of the custodian bank.
SPDR Gold MiniShares Trust GLD is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.1% for GLDM. GLD is up 26.24% year-to-date (YTD) with +$479M in YTD flows. GLDM performs better with 26.61% YTD performance, and +$1.05B in YTD flows.
If you are looking for jewelry you can wear in the shower, any gold that is 14k and above can be worn in the shower. Solid gold that is 10K pure is safe to wear in the shower, because of the amount of gold that comes with it. It's always ideal to leave your jewelry outside of the washroom.
Institutional Ownership and Shareholders
Largest shareholders include Jane Street Group, Llc, Bank Of America Corp /de/, Twin Tree Management, LP, Morgan Stanley, Optiver Holding B.V., Susquehanna International Group, Llp, Jane Street Group, Llc, Citadel Advisors Llc, Jpmorgan Chase & Co, and Optiver Holding B.V. .
GLD is much bigger than GDX as it has AUM of $82.4 billion versus that of $18.4 billion for the latter. Also, it is less expensive with an expense ratio of 0.40%, 12 bps lower than that of GDX.
GLDM does not generate any income, and as GLDM regularly sells gold to pay for its ongoing expenses, the amount of gold represented by each Share will decline over time to that extent.
The investment objective of SPDR® Gold MiniShares® Trust (GLDM® or MiniShares) is for the MiniShares of GLDM to reflect the performance of the price of gold bullion, less GLDM's expenses. The spot price for gold bullion is determined by market forces in the 24-hour global over-the-counter (OTC) market for gold.
All of the Trust's gold is held by JPMorgan Chase Bank, N.A. (“JPM”) and ICBC Standard Bank plc ("ICBC Standard" and together with JPM, the “Custodians”) except when the gold has been allocated in the vault of a sub-custodian.
GLDM's only ordinary recurring expense is the Sponsor's annual fee of 0.18% of the NAV of GLDM. The Sponsor believes that, for many investors, the Shares represent a cost-effective investment in gold.
It should be noted that physically-backed ETPs such as GLD do not issue K-1s, nor do commodity ETNs.
If your goal is to invest in gold as a hedge against the rest of your portfolio, or as a tactical investment, then GLD may be a wise choice. If, however, your interest is to follow the technical signals of GLD's chart, there are indeed good times to buy or avoid the S&P Gold Shares ETF.
The world's largest gold ETF, SPDR Gold Shares ETF (GLD), was launched in 2004 and currently,as of November 2024, has assets under management in the order of $75 billion dollars, in the form of 880 metric tons of gold held at its custodians' depositories.
Gold ETFs eliminate the need for storage, insurance, and finding a buyer—tasks associated with physical gold—they do come with certain drawbacks. These include exposure to counterparty risk, annual management fees, and the potential for the fund to fail in accurately tracking gold prices.
Though sovereign gold bonds are among the safest avenues to invest in gold in India, some risk is still there. The sovereign default risk exists due to the fact that sovereign gold bonds (SGBs) are not backed by physical gold but instead by a derivative of gold issued by the Indian government through the RBI.
At GLD, all of our gold plated and solid gold pieces are backed by our commitment to quality, countless 5-star reviews, and a lifetime guarantee that ensures you'll be taken care of if there's anything wrong with your piece.
One advantage of 10k is that it is more durable than 14k. Because it has a lower gold content it's stronger, and less likely to scratch, scuff or bend. A second advantage is the price - it's less expensive than 14k because it has less gold.
Sweat can cause corrosion on 14K gold jewelry, leading to potential damage over time if not properly cared for. While 14K gold offers good sweat protection and moisture resistance compared to lower karat gold, prolonged exposure to sweat can still result in tarnishing and discoloration.