GLDM expense ratio now .10%

[whatchamacallit]

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]

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.

[ppnewbie]

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]

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]

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.

[I Shrugged]

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.

[jhogue]

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).