Key stats
About SPDR Gold MiniShares Trust
Expense ratio
0.10%
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Inception date
Jun 25, 2018
ISIN
US98149E3036
GLDM is a slightly modified alternative to State Streets behemoth gold fund, GLD. There are two main differences between this offering and its predecessor. First, the handle: GLDM holds a fraction of the amount of gold per share as GLD, or about the same amount as competitor IAU. That could appeal to investors wishing to place small orders, but is a potential issue for those paying per-share commissions. Second, expense ratios may be different and worth considering. Differences in Custodian and vault location may be worth noting also. Like all physically held gold funds, taxes on long-term gains can be steep, as GLDM is deemed a collectible by the IRS.
Classification
What's in the fund
Exposure type
Miscellaneous
Bonds, Cash & Other100.00%
Miscellaneous100.00%
Start of Bullish Play on GoldGLDM 1hr price close above 9SMA in an up trending market pattern. 9 above the 20 above the 50 above the 200 and 200 positive slope. New 'stimulus' on the way which only devalues the dollar making the price of assets increase to the loss of dollar value. Will see where P&L stands at end of week befor
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