New ETF option from State Street GLDM

Discussion of the Gold portion of the Permanent Portfolio

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ppnewbie
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New ETF option from State Street GLDM

Post by ppnewbie » Fri Apr 03, 2020 11:28 pm

.18 expense ratio each share is 1/100 of an ounce. Looks like it could be a winner. State Street plus lowest ER on the market.
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mathjak107
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Re: New ETF option from State Street GLDM

Post by mathjak107 » Sat Apr 04, 2020 7:52 am

gld/m has been around a while ..
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KevinW
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Re: New ETF option from State Street GLDM

Post by KevinW » Wed Apr 15, 2020 8:05 pm

I'm using it.
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Re: New ETF option from State Street GLDM

Post by boglerdude » Fri Apr 17, 2020 12:45 am

AAAU. Lowest counter party risk and easily redeemable.
jalanlong
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Re: New ETF option from State Street GLDM

Post by jalanlong » Sat Apr 18, 2020 8:49 pm

At a certain portfolio size does it make any sense to buy multiple gold ETFs to spread counter party risk or is that splitting hairs?
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I Shrugged
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Re: New ETF option from State Street GLDM

Post by I Shrugged » Sat Apr 18, 2020 9:30 pm

Damn I wish I could exchange GLD for GLDM.
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mathjak107
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Re: New ETF option from State Street GLDM

Post by mathjak107 » Sun Apr 19, 2020 5:45 am

gld/m only has about 2 billion in assets so liquidity is lower gld is 56 billion.. for comparison iau is 23 billion
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ochotona
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Re: New ETF option from State Street GLDM

Post by ochotona » Sun Apr 19, 2020 7:16 am

jalanlong wrote:
Sat Apr 18, 2020 8:49 pm
At a certain portfolio size does it make any sense to buy multiple gold ETFs to spread counter party risk or is that splitting hairs?
No harm in that. Go for it.
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mathjak107
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Re: New ETF option from State Street GLDM

Post by mathjak107 » Sun Apr 19, 2020 7:26 am

i agree .... i have about 250k tied up in gold right now and if i was smart i would use gld and say iau since hsbc is in such poor shape .... but i didn't think about it when i bought back in .... but it would have been smarter for me to have split it rather than all gld .
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Re: New ETF option from State Street GLDM

Post by ppnewbie » Fri Apr 24, 2020 7:15 pm

Does anyone know about the gldm custodian ICBC? GLD’s HSBC seems to be in a precarious position. I also think that ICBC is a State owned Chinese bank, which makes me nervous.
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Re: New ETF option from State Street GLDM

Post by ppnewbie » Mon May 04, 2020 5:03 pm

boglerdude wrote:
Fri Apr 17, 2020 12:45 am
AAAU. Lowest counter party risk and easily redeemable.
I'm curious if you have every redeemed your AAAU shares into physical gold. I went to the site I did not quite understand how the process worked and how much it cost.
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