GLDM - 0.18 exp. ratio 'Gold minishares'

Discussion of the Gold portion of the Permanent Portfolio

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ochotona
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Re: GLDM - 0.18 exp. ratio 'Gold minishares'

Post by ochotona » Tue Aug 07, 2018 12:50 pm

Desert wrote:
Tue Aug 07, 2018 10:56 am
Well, the time has come for me to buy some additional gold. It appears that GLDM is the best option, due to the ER. Does anyone disagree?
The spread is larger, the volumes are much less, trade carefully with limit orders. Go fishing for the price.
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KevinW
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Re: GLDM - 0.18 exp. ratio 'Gold minishares'

Post by KevinW » Fri Aug 17, 2018 5:49 pm

GLDM and AAAU are tied with respect to expense ratio, at 0.18%. Does anyone have an argument for why one is better than the other?
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Kbg
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Re: GLDM - 0.18 exp. ratio 'Gold minishares'

Post by Kbg » Fri Aug 17, 2018 5:57 pm

Too early to say...need a quarter's worth of trading to see what happens.

If the first three days' trading for both is any indication clearly the early nod goes to GLDM.
boglerdude
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Re: GLDM - 0.18 exp. ratio 'Gold minishares'

Post by boglerdude » Sun Aug 19, 2018 12:44 am

AAAU is backed by the Perth Mint. But one might prefer their online depository so everything isnt vulnerable to a failure of your brokerage
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eufo
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Re: GLDM - 0.18 exp. ratio 'Gold minishares'

Post by eufo » Sun Aug 19, 2018 8:49 am

boglerdude wrote:
Sun Aug 19, 2018 12:44 am
AAAU is backed by the Perth Mint. But one might prefer their online depository so everything isnt vulnerable to a failure of your brokerage
This. If you want it backed by the Perth Mint, you can do so directly without adding more counterparty risk with not only your brokerage, but also the fund family.

GLDM has the same risks, as does any paper gold option.
Don't agree with me too strongly or I'm going to change my mind
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