But notes that
https://www.etf.com/publications/etfr/g ... nopaging=1Over the past 12 months, for example, GLD saw outflows of $2.7 billion. Meanwhile, all other gold ETFs combined saw net inflows of $2.3 billion.
Bob
Moderator: Global Moderator
https://www.etf.com/publications/etfr/g ... nopaging=1Over the past 12 months, for example, GLD saw outflows of $2.7 billion. Meanwhile, all other gold ETFs combined saw net inflows of $2.3 billion.
If you're buying for the long term than it really doesn't matter what you choose. Just pick whatever is safe and has the lowest rate possible. The higher ER rate ETF's are meant for short term traders. Spread is a much, much larger penalty to them than ER. Also, they generally tend to need to get in and out of large positions quickly. So paying a little extra ER for lower spread and higher liquidity is a no brainer. But this is pretty much a non-issue for someone that is holding for long periods of time.boglerdude wrote: ↑Thu May 02, 2019 2:22 am So why wouldnt I go with https://www.etf.com/AAAU
.18% and government backed
Sorry, when I said it "doesn't matter" I meant that the spread and liquidity difference doesn't matter for a long term investor and that the safety and ER are what matters. For a short term hold the opposite would be true. I didn't provide enough context there.sophie wrote: ↑Thu May 02, 2019 12:04 pm It certainly matters if you're holding for a long period of time. The difference between IAU and AAAU is $7 per year, per $10,000 invested. It's more for GLD, SGOL etc. It's so easy to switch (at least in a tax-advantaged account) that it's kind of a no brainer to take advantage of this.
AAAU is the same there as it is located at the Perth Mint and fully guaranteed by the government, and also has a cool perk that it allows for exchange in kind via delivery or in person pick up (it would be interesting to know if these could be swapped over to their other programs in kind). I'm not sure if SGOL has the same in kind exchange feature, google did not bring anything up. Would be interesting to know that.jhogue wrote: ↑Thu May 02, 2019 12:49 pm I picked SGOL as an ETF for my tax deferred account largely because it offered geopolitical diversification. (They hold their gold in vaults in Switzerland).
It has been a nice bonus to see that they have cut their ER to compete with other gold ETFs. For buy-and-hold-investors, I think it will make a positive difference.