New ETF option from State Street GLDM
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New ETF option from State Street GLDM
.18 expense ratio each share is 1/100 of an ounce. Looks like it could be a winner. State Street plus lowest ER on the market.
- mathjak107
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Re: New ETF option from State Street GLDM
gld/m has been around a while ..
Re: New ETF option from State Street GLDM
I'm using it.
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Re: New ETF option from State Street GLDM
AAAU. Lowest counter party risk and easily redeemable.
Re: New ETF option from State Street GLDM
At a certain portfolio size does it make any sense to buy multiple gold ETFs to spread counter party risk or is that splitting hairs?
- I Shrugged
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Re: New ETF option from State Street GLDM
Damn I wish I could exchange GLD for GLDM.
- mathjak107
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Re: New ETF option from State Street GLDM
gld/m only has about 2 billion in assets so liquidity is lower gld is 56 billion.. for comparison iau is 23 billion
- mathjak107
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Re: New ETF option from State Street GLDM
i agree .... i have about 250k tied up in gold right now and if i was smart i would use gld and say iau since hsbc is in such poor shape .... but i didn't think about it when i bought back in .... but it would have been smarter for me to have split it rather than all gld .
Re: New ETF option from State Street GLDM
Does anyone know about the gldm custodian ICBC? GLD’s HSBC seems to be in a precarious position. I also think that ICBC is a State owned Chinese bank, which makes me nervous.
Re: New ETF option from State Street GLDM
I'm curious if you have every redeemed your AAAU shares into physical gold. I went to the site I did not quite understand how the process worked and how much it cost.