GLDM expense ratio now .10%

Discussion of the Gold portion of the Permanent Portfolio

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whatchamacallit
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GLDM expense ratio now .10%

Post by whatchamacallit » Wed Mar 09, 2022 8:41 pm

Happened to be looking at GLDM and noticed they changed their expense ratio from .18 to .10

https://www.ssga.com/library-content/pr ... on-faq.pdf
ppnewbie
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Re: GLDM expense ratio now .10%

Post by ppnewbie » Thu Mar 10, 2022 2:01 pm

whatchamacallit wrote:
Wed Mar 09, 2022 8:41 pm
Happened to be looking at GLDM and noticed they changed their expense ratio from .18 to .10

https://www.ssga.com/library-content/pr ... on-faq.pdf
thats great. I need to dig in to double check who the custodian is. Last time I checked it was a chinese bank. I think IAUM is still .15. I wish I IAU would just drop the expense rather than having to move money around. Especially, if its the same fund manager.
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Re: GLDM expense ratio now .10%

Post by ppnewbie » Thu Mar 10, 2022 2:04 pm

Industrial and Commercial Bank of China Limited (ICBC) is the custodian - GLDM
JPMorgan Chase Bank N.A., London branch (the “Custodian”), is the custodian of the Trust. - IAUM, and I believe IAU.
whatchamacallit
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Re: GLDM expense ratio now .10%

Post by whatchamacallit » Thu Mar 10, 2022 3:52 pm

Eek. I thought I saw it was in London at least.

Maybe that will be a good thing that it is Chinese if there is a world order change.
ppnewbie
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Re: GLDM expense ratio now .10%

Post by ppnewbie » Thu Mar 10, 2022 4:51 pm

whatchamacallit wrote:
Thu Mar 10, 2022 3:52 pm
Eek. I thought I saw it was in London at least.

Maybe that will be a good thing that it is Chinese if there is a world order change.
Funny that's exactly what I was thinking.
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I Shrugged
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Re: GLDM expense ratio now .10%

Post by I Shrugged » Fri Mar 11, 2022 9:00 am

As a big hodler of GLD with fees of 40 basis points, this pisses me off. I need to contact them to see if I can make a non taxable shift to GLDM. Although the China thing is concerning.
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jhogue
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Re: GLDM expense ratio now .10%

Post by jhogue » Sat Mar 12, 2022 1:03 pm

SGOL has a net expense ratio of 0.17%. All of the ETF's gold is stored in Switzerland.

Will that make any difference? Hard to say, but it holds out the possibility of geopolitical diversification because it is a neutral country that is Western, but not a member of NATO (or any other military alliance, for that matter).
“Groucho Marx wrote:
A stock trader asked him, "Groucho, where do you put all your money?" Groucho was said to have replied, "In Treasury bonds", and the trader said, "You can't make much money on those." Groucho said, "You can if you have enough of them!"
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