Reddit Posts
Lower Cost ETFs: SPY vs VOO, QQQ vs QQQM, GLD vs GLDM, etc
4-asset portfolio that outperforms the market with less risk
Banks are a melting pot and SAfe heavens are back.
Parent wants to buy gold but his accountant suggest $GLDM.
Anyone invested in a gold or other commodity ETF?
Thoughts on this attempted Dragon Portfolio?
thoughts on my return stacked leveraged ETF portfolios?
Thoughts on my return stacked leveraged portfolios?
thoughts on my return stacked and leveraged portfolios?
Good morning! 🌞 #premarket #watchlist 02/23 $GLDM - reverse split, $TEN- Be Acquired by Apollo Funds, $REVB - no news, $MULN -no news , $IMPP - no news, oil sector, $REGI - no news, $HIMS - earnings... Also check afterhours runners and low float stocks in my app!
Mentions
i know i'm late to this party but don't sell off all your equities BUT, i would 100% buy either GLDM or GDX, lower your US holdings, add some EM and DM exposure coupled with GLDM or GDX and you will be happy you did. 90% of reddit is sleeping at the wheel and think buying any type of gold security or foreign equities is a waste of money.
Ha, well I haven't fully either, just know enough to get by. Basically, there are so many types of portfolio designs. For instance, retirees and Ivy league endowment funds may invest similarly. The point is to hold assets that have low correlation to each other. You can run the asset correlation analyzer on [portfoliovisualizer.com](http://portfoliovisualizer.com), basically just plugging in different funds to see the effect. This approach of investing basically takes advantage of the Shannon's demon effect of volatility harvesting. It's not as profitable long-term as 100% equities, but it's designed so something's always up while others are down. Things like AVUS, DFAX, GLDM, EDV, DBMF, etc.
Half to VT (vanguard total world fund ETF) and half to GLDM (low expense ratio gold etf)
VOO/AVUV/VXUS is how you correctly diversify a portfolio with VOO and AVUV. GLDM is performance and tax drag with a high ER.
I have VOO, VXUS, GLDM, and AVUV I think. GLDM is up 34% I think, of course I don't expect that to last forever but it's crazy to see as a beginner
Check out this book. It was written in 2010 and is backed by academic research. The main point is that leverage when you're young may be appropriate and may actually reduce risk since it provides more diversification across time. # Lifecycle Investing: A New, Safe, and Audacious Way to Improve the Performance of Your Retirement Portfolio Ian Ayres and Barry Nalebuff In my experience, nakedly investing in leveraged index ETFs works until it doesn't. That is, you can have tremendous gains, but then give them all back. You need to have some portion of the portfolio that is a hedge and rebalance a couple times a year. Hedges are long treasuries (ZROZ), gold (GLDM) and potentially managed futures (CTA). Play around with different mixes on testfol.io. Really look closely at the 1970s or 2007/8 and consider your total leverage (amount of UPRO or SPUU) in the mix. It isn't going to be hard to run a leveraged portfolio in times like today. But imagine things going down and staying down for five years or longer. That will happen. It's guaranteed over your investing lifespan. Multiple times. Whatever portfolio you run, you need to believe in it strongly enough by doing the work so that you stick with it when the shit hits the fan. Which it will.
I'm a bit older than you are, but still pretty aggressively investing. My portfolio looks like this: 40% QQQ (Invesco QQQ Trust, Nasdaq-100) 20% XAR (SPDR S&P Aerospace & Defense ETF) 15% GLDM (SPDR Gold MiniShares Trust) 15% SMH (VanEck Semiconductor ETF) 10% SPHD (Invesco S&P 500 High Dividend Low Volatility ETF) The GLDM and SPHD are hedges against a big downturn. The rest is pretty self explanatory. The reason I went QQQ vs VOO is that the potential upside outweighs the safety of VOO. This portfolio has returned over 19% for me this year so far. With 400k you could even do 25% QQQ and 15% VOO, but you're young and have 30 years to invest.
You can by GLDM or physical 24 carat gold from Costco. Easier is GLDM. No jewelry or ornament gold, do not buy them.
Genuinely curious, why didn’t you buy GLD/GLDM if you were going for gold?
I also used GLDM and it is a hold for next few years.
just buy GLD, GLDM if poor
just sold my GLDM bag today thats been sitting limp since April, done with that shit 😂
I put a little into IGOV and BWZ which are non currency hedged ex US developed market government bonds. It hasn't really performed well - I think I bought near the top. I'll probably continue holding for a good while - it's mainly for asset preservation. I increased a decent amount of my asset allocation in January/february, about 10% into gold (GLD and IAU). Unfortunately, I'm holding GLD in a taxable brokerage for a long time, the gains are substantial, and I can't swap into GLDM because of taxes.
Yeah. It’s a life-changing amount of money, but it’s not the type of money where you need a wealth manager, or start looking into exotic investments. It’s not enough to warrant significantly changing your spending habits. Mundane investments would be the most appropriate thing for most people in your situation: 1) maintain 6 months worth of your living expenses in “cash.” High interest savings, CDs in rotation, I-bonds, etc. 2) Sounds like you’ve already figured out basic investing. Diversified portfolio of stocks. No reason to change up your primarily index investing strategy. 3) Perhaps 20% bonds at your age. I like Diamond Nest Egg YT channel. Her target audience is retirees/near retirement, but her info on individual bonds is stellar. 4) Maybe do 10% REITs, 5% GLDM/SLV if you want to get wild. 5) Assuming you haven’t been maxing out all tax-deferred savings every year, the best thing about your windfall is you can now do this. Like even if your salary is just $55k/year, you can afford to keep max-contributing to your 401k. 6) Don’t pay off that mortgage early. Bogleheads.org has a wealth of information
I do it through stocks that represent those things but only as a small percentage of the overall portfolio. GLDM + GLTR for Gold and Silver, IBIT for Bitcoin.
Gold is a good hedge in a down market or when dollar performs poorly. Make it part of your portfolio at like 10% maybe. Not sure how much your inheritance is, but maybe divvy the funds like: SPMO /QQQM or QQQI /AVNM /GLDM. My best guidance for you - GL!
In economic downturns GLDM is a good call, energy stocks are also expected to rise so DUK could be a good place to park since they have a lot of nukes (power plants are expected to go the nuclear route over the next 20 years even if AI is a bubble). You could also put it in VOO, but I’d personally put it into a smaller ETF for more exposure to growth (even SPLG could be good, lots of retirement accounts track it, it’s basically a smaller SPY). No one really knows where to put it unless you have a plan, are you looking to start a retirement fund or something to realize in a few years or what? Look into each ETF recommended and see which look the most attractive to your personal opinion.
thank you for this post. ATER (and GLDM) have so far been very good for me.
M versions have low liquidity, thereby not suitable for active trading; but totally fine if you plan to hold for long-term. I personally buy GLDM for the lower expense ratio.
I have two brokerage accounts. One mostly for investing long term and another that’s dedicated to short to medium term savings. In the latter I hold enough cash for my emergency fund and also buy funds in “risk parity” way. I use a portfolio called the “Golden Butterfly” for this medium term savings. The idea is to own several different assets that are all positive (go up in value) but inversely correlated (go up and down at different times) so the value of the assets will be stable. It’s working pretty for me. So in addition to the cash , i buy these funds in the equal proportions and rebalance as i buy: GLDM (gold) 20% SHY (Short Term Treasury bonds) 20% TLT (Long Term Treasury bonds) 20% VOO (S&P 500 stock fund) 20% AVUV (Small cap value stock fund) 20% 20% x 5 = 100%
I wouldn’t call this market currently “volatile” (based on VIX) but I know what you mean that it could change at any time. I’d personally wait a few weeks and see if it dips and then buy some broad market etfs. In the meantime Gold is a pretty safe place to hold it. For example GLD or GLDM. Just my opinion of course.
GLDM has lower expense ratio than IAU
There are also GLD / GLDM if you want to invest in gold without worrying about the physical aspect
Not at all. All my losses were on my "fun" money day to day stuff. Meanwhile I'm sitting just fine waiting for a steal and loaded up with GLDM and BRKB. Which aside from Buffett finally retiring, which resulted in a bit of a dip there. I'm doing just fine.
I sold, mostly QQQ. I went into SGOV and GLDM. YTD s&p500 is up 4% and QQQ is up 6%. GLDM is up 25% YTD. SGOV is up about 3% YTD (4.26% yeild plus reinvest). To a certain extent I do have remorse for missing the rebound. After selling, if i had gone back into QQQ i would be up 28.5%. However, at this point in time, I do not regret getting out of the market. GLDM is out performing equities and with all the uncertainty it is hard to know what a good investment might be. I have not gone back into equities but am looking for good opportunities.
Picked up UCO, SHLD, and GLDM on Friday
 get VOO , SCHG , AVUV , AVDV , some SCHD depending on age . I got some IBIT , GLDM also
I’m in post retirement and my SGOL has grown 91% in 5yrs. It’s now become almost 17% of my whole portfolio. I still hate gold and having to own it. But it’s certainly earned a right to be in the portfolio. It and bitcoin have been good diversifiers and those plus foreign stocks is why I’m up 15.43% for the trailing 12 mos and 9.63% YTD, GLDM came on board after I got into SGOL and has cheaper annual expenses I think. But I don’t know its other characteristics. Might be worth comparing.
I have a decent amount in TAIL, PDBC and GLDM. Might be smart to sell on Monday and buy SPY dip 🤔
It’s been mentioned already but GLDM is a 1/10th version (as in physically backed gold) of GLD that’s meant for retail investors. Main difference I see in the two is that options are available for the latter but not the former.
Really? How so? I got into VTI in 2003 and GLDM in 2005 when a colleague was speaking on having a hedge investment.
It’s easier to buy and sell an ETF like GLDM rather than deal with physical gold yourself and have to guard it and then figure out how to sell it.
just open a brokerage account and direct deposit your new income to that account and stay invested in 80%VTI and 20% GLDM and you'll be in great shape at age 70, keep it simple like you've been doing.
You cant bet the house on the world falling, but depending on how your 401k is structured, you could throw a small amount into GLDM... mine doesnt let me do that, so i put a little bit into gold miner mutual funds.
My current and only market investment is my 401k which is 80% VTI and 20% GLDM. It’s performed well.
my portfolio has VOO, GLDM, AVUV, and VXUS, but if I did it all over again I'd go a simpler route and just do the first two. research ETF's and choose what's best for you
The Stock Market will always win long term, unfortunately not everyone has the means to be heavily vested in it. And smart people also highly diversify their portfolio with ETFs, Mutual Funds, Gold, Fundrise, College Funds, Bonds, and me personally in these uncertain times have stopped adding my sizable monthly contributions to my portfolio and instead am just building my high yield savings account that generates me 4% APY bc to me, that’s the safest play at the moment. It constitutes 20% of my overall portfolio and I currently have $250k in my high yield savings account that I can access at any time. I used $100k to buy the huge dip on April 9th and that has paid off big time for me but now I’m just building cash for when it possibly happens again. I was able to get SCHD, VOO & QQQM all at 52 week, or more, lows and they are all long term holds for me that I added to my already solid holdings in. I won’t even look at cashing out from them for 20+ years. We are, however, at a pivotal crossroads coming up this summer. This administration needs to get our record breaking $36 trillion debt under control, and it’s NOT through tariffs. Ask any economist and they will tell you that’s NOT the way to do it. But the economy and the stock market have somehow become separate entities. You can’t judge the success of the economy anymore at how well the stock market is doing, bc there are many companies (tech especially) that are simply recession proof. Inflation is going to continue to rise, so if you’re buying anything right now it should be gold. I recently also bought $20k of GLDM, a Gold ETF, but the stock market could very well crash again if Trump goes back to his tariffs. The guy is so all over the place it’s so hard to predict what is going to happen, he changes his mind constantly and that a scary variable. But the amount of wealth leaving this country through us purchasing goods made in other countries is astounding. Our trade deficit is $1 trillion, and that’s almost doubled in the past 10 years. Americans don’t actually make anything here and tariffs won’t make US companies simply become altruistic to the point they will start. They’ll simply pass the tariff tax onto the American consumer. I own a golf club and for the first time ever I have received “tariff charges” on my invoices. So what did I have to do? Simply go and raise the prices accordingly on those goods so I wouldn’t have to eat the cost myself. 10 years ago I could sell a golf hat for $20, now that same hat sells for $50. And 10 years from now lord knows where we will be.
If you want to bet on dollar weakening you should bet on stable commodities, ie GLD or GLDM.
Invest don’t trade. Dollar cost average of GLDM 50%, UPRO 50%. Annual rebalance to 50%/50% or rebalance based on 200d moving average. Beats S&P500 over any 5 year period. Could use a Lower leveraged index like SSO which is 2x index for less volatility and drawdown.
GLDM is the cheapest gold ETF that there is. Physical gold is really expensive - you pay a premium to buy it to the dealer. I would just buy the ETF if that’s the exposure that you want.
I would like to include hard assets like gold in my portfolio as part of my asset allocation for my portfolio. I have been doing dollar cost averaging of Gold ETF like GLDM. I need this as a hedge against inflation and erosion of US dollars. How many % of the portfolio value in gold do you think one should have? Any suggestions?
Came here to say this. I use it to track my spending as well as investments. You can manually add accounts and holdings in those accounts. For things like physical metals, I input the equivalent value of GLDM, for example.
Physical gold is for doomsday preppers. Most people buying GLD or GLDM. Capital efficient folks who want gold buying GDE
If you really thought that, you could grab some BTAL which could go up as markets drift down. That would help protect capital. But I wouldn’t own too much of it. Accumulating, I’d probably go 45% large cap growth or S&P500, 45% small cap value. The rest GLDM or BTAL. Actually I might skip or reduce the 500 bubble and go with something mid cap growthy like IMCG or IWP.
Thanks that was very helpful! So I dug further and I found out there is also smaller version which are GLDM/IAUM, I can afford GLD/IAU but GLDM/IAUM's expense ratio is lower, I plan to hold it for long term and not going to trade it, so anything wrong with buying the M versions when I can do the regular GLD/IAU versions? And won't everyone just buy more shares of the M version since the expense ratio is lower? Am I missing something
I have enough money for IAU, but IAUM's expense ratio is lower, so should I go with IAUM/GLDM/etc? or is there other reason to go with IAUM when you can afford IAU?
Set up automatic transfers from your bank to a trading account. Set up automatic purchases spaced to whenever you can afford- once a month, once every 3 months, once every 6 months doesn't matter. Choose a strategy that is proven, no day trading or bull shit like that. Don't check your portfolio except for taxes and rebalancing. BC you will fuck up and sell at the wrong time. If you ever think you have found genius buy, you haven't. You aren't "early" everyone else just realised why it's a shit trade before you. Never try to be smart and come up with something original. "Smart ideas" are only allowed if you get an economics degree, then a job as an investment banker, then outperform everyone on your floor. If you don't tick those boxes, your next great idea is probably shit. Get the fuck off Reddit financial pages. Everyone is here to laugh at the idiots who are about to go broke. Approximately what I do based advice from a professional: 25% – VTI (Vanguard Total Stock Market) Why: Broad exposure to the entire U.S. equity market (large, mid, and small-cap stocks) 10% – VWO (Vanguard FTSE Emerging Markets) Why: Exposure to higher-growth economies like China, India, and Brazil 25% – ETF: VXUS (Vanguard Total International Stock Index) Why: Diversifies beyond the U.S. with developed and some emerging market stocks 15% – Gold ETF: IAU (iShares Gold Trust) or GLDM (SPDR Gold MiniShares) Why: Hedge against inflation and market volatility 25% – Bonds ETF: BND (Vanguard Total Bond Market) Why: Adds stability and income, especially useful during market downturns
Right. Agreed. So he could pop the money in an IRA, use a little to buy GLDM and the rest to buy… 60/40 stocks and bonds. Good portfolio.
If you want some gold exposure, spend 10–15% of your portfolio on GLDM (and etf). You don’t need physical gold and the need for security that comes with it. GLDM is far more liquid too, should you decide to sell some.
lmao gold's already up 28% this year and hitting record highs. The trade war nonsense and Trump's idiotic tariffs definitely helped push it up. Gold's RSI is at 77 rn which means it's super overbought. For alternatives check out GLDM and IAU - they're basically the same thing as GLD but with lower expense ratios. IAUM is good too if you want smaller share prices. Just don't go too heavy into precious metals. Keep it to like 3% of your portfolio max. The smart play is to wait for a pullback before buying in since everything's so overheated right now.
I personally invest in GLDM. Both track gold, but GLDM has a lower expense ratio and uses ICBC and HSBC as custodians I believe vs just one for GLD.
You bought 5mil? Jesus What's the difference between GLD & GLDM?.. one is just a lower cost?
Yes. If you're older, roughly - 20% global stocks (an all in 1 fund or 1/3 each US, developed international, emerging markets) 30% bonds 20% gold 30% trend following funds These are rounded from a risk parity estimate. A more robust, diversified All Weather + international approach. It will have about a 7% annualized volatility. With a Sharpe ratio at 0.5-1, say you get an excess return of 5% + 2% risk free rate = 7% overall nominal return in the long run. In a bad downturn (3 or 4 standard deviation event, rare like 2008), take that average, 7% - 4*7% = 7% -28% = roughly 21%. So much safer than a 50% or 60% drawdown if you have all stocks. So, could do: 20% VT 30% IEF 20% GLDM 30% divided evenly between KMLM, DBMF, CTA. If you want to be more aggressive, I'd recommend the Return Stacked suite of ETFs for all in 1 solutions. Good luck out there!
I 100% Agree with your assessment. I would use coverage for HYSA + GLDM + Target retirement Fund
Euro go BRRRRR. Got in eur/usd at 1.08, its at 1.15 today and I don't see the ceiling yet. I don't see people leaving the Euro for Trumps USD again. He is too unpredictable. Slid in some GLDM because its the gold stock that I can afford. Gotta buy at the top like a proper Redditor.
100% cash is a bad idea right now given the rapidly worsening inflation with respect to global markets. Far better to park a large chunk (perhaps not all) of that money into $GLDM and let that ride.
I'm also a buy-and-hold investor, and I feel like a fool for not trusting my gut and liquidating when Trump took office (which would have saved me about 11% of my portfolio's value), but I did ultimately sell half of my portfolio upon the announcement of "liberation day" tariffs, and moved a large chunk of that then into shares of $GLDM (most of what I sold is in cash for the moment though). Being a buy-and-hold is great under normal circumstances, but there are two things to account for: 1. While you don't want to be timing the market, it also pays to be mindful of the circumstances of the market and to thereby avoid buying into falling knives or unnecessarily being a bag holder. 2. Just because something was overpriced or fairly priced yesterday doesn't mean its crashed value is underpriced today if the conditions surrounding the company have fundamentally changed. As for realizing your losses: Don't focus on the number. Focus on the direction you expect things to go and how long it's realistic for things to stay headed in that direction. Yes, realizing a loss sucks, but it also deducts from your taxes and can mean avoiding even further losses. Of course, if you expect a turnaround in the market in the foreseeable future, then you are better off doing the opposite and just DCA'ing in more. I can't tell you what's right, lease of all not knowing what your holdings even are.
I mean my dollar drop GLDM, FXF, and DCB woudl support this. The inflation there would be 10X and I might be able to pay off my mortgage with it and still have money left.
It seems to be a marketing ploy to sell overpriced gold coins to elderly folks with diminished mental capacity and a bit of paranoia. That being said, I bought GLDM two weeks ago.
You can buy an ETF, like GLDM. Pawn shops will buy anything of value, that's what they do.
GLDM is GLD but much cheaper.
No point in having GLD and SGOL. Just get GLDM and done.
I’m up 124% thanks to PLTR, RDDT, IONQ, HIMS and RKLB as well as the foresight to completely divest into SGOV/GLDM and an HYSA once the orange idiot took office. That’s back when people called me an “alarmist” but now that they’ve all taken 6-8 figure hits to their portfolio it seems I got the last laugh.
I'm in long-dated, ATM UUP puts, GLD calls, GLDM shares, a few foreign ETFs (EWP, the Spain ETF has not only recovered from the tariff-shock drop, but surpassed it!), 10k in euros, a few SPY September 505 puts, and some TBT calls and TLT puts in case we get another liquidity freakout and firms have to ditch bonds again from margin calls.
GLDM is cheaper (by expense ratio).
I hold GLDM. Good fund that has been one of my only solid performers since purchasing a monh ago.
I would say the reason why your broker didn't offer much opinion is because they can be made liable for offering poor financial advice. A couple of weeks ago, when the market was really tanking, Vanguard sent out an email to clients basically suggesting they remain calm. Yet we had a flood of people panic sell, and now the market is higher. I would offer same advice. You want to trade into some hot trades now, because you see them up. Well, the higher they go the more likely you are buying at the top. Also long term charts for Euro and even CHF is not good versus the USD. I mean they fluctuate a lot in both directions - meaning it's not a good long term investment, you need to time it to profit. I personally don't like gold because it only moves once every 10-15 years and then stagnates. But at least it trends up over time. GLD or GLDM as others have suggsted. GLD has better liquidity, GLDM has lower expene ration (same as QQQ vs QQQM).
Just curious - why GLD and not GLDM? Assuming the stated goal is to get exposure.
Correction, they want GLDM. Same but 4x lower expense.
Are there any ETFs that are diversified across counter-inflationary investments? Buying $GLDM is nice and all, but I would like a bit more diversification.
Those who aren’t aware, GLDM has 1/4 the expense ration as GLD. I just put a third of my port in and won’t pull out until tariffs are lifted
Ah, I hadn't heard of GLDM. Thanks for the heads up.
Went 100% GLDM (lower expense ratio) and it's paying off well.
https://www.spdrgoldshares.com/media/GLD/file/GLDM/World-Gold-MiniShares-Tax-Data-12-31-23-Final.pdf
Doesn’t matter what the stock does if it’s tied to USD and the USD goes down. GLDM
Why miners (re:GLDM) as opposed to a general Gold ETF?
I’m pointing out the recent trend. GLDM up today in the pre market by 0.58%. GDX is up 3.74%. That’s been the story in a big way for the last couple weeks. No need to fret though.
I carry GLDM. Low expense ratio ETF that reflects the price of gold minus operational expenses. No need to fret over mining operation efficiency, vein richness, etc etc. Just the bullion.
Stack GLDM (lower expense ratio than GLD) Cop a little bit corn Long Swiss franc, Yen Short 2 year long 10 year if expecting a rate cut
Shit's about to hit the fan... I suggest GLDM.
None. Treasury are (were?) the gold standard when it comes to ulta high liquidity, low volatility, low risk debt. Any foreign debt will have currency rate risk. Maybe that works out in your favor but maybe not. If you don't want physical gold there is always GLDM although that should not be for emergency fund. Time horizon for gold should be years.
Just bought a bunch of GLDM today, I know it's not the same as having real gold but it's easier to get and can't be stolen by burglars.
I have some. But I just parked about 50% in currency hedges like GLDM, FXF, DBC, and VXUS. Along with value play/ultra stable BRK.b.
Ya, I did 5% gold and 5% copper. I did GLDM/AEM and CPER/FCX.
I use GLDM. Backed by real gold in vaults and lowest expensive ratio (.10%) I've seen.
Yeah, that seems more likely. But what about GLDM/gold in general?
So, 24 years old, currently unemployed, came into around $150k in a CDs recently. I want to live abroad for a few years, moving from country to country. Basically my plan is to try to make *at least* $15,000 a year either through pure appreciation, dividend income + supplementary cash through a part-time remote job, or a mix of appreciation and dividend income. I will definitely be budgeting myself and sticking to cheaper countries (SEA, Eastern/Central Europe, ect) I've been eyeballing SCHD, VOO, GLDM, VT, VTI, SGOV, O, VXUS, JPEQ, ect. I just want to know how I should build my portfolio for a fair balance of growth and stability. I don't really want to break into my principal amount, but I also don't mind if my principal doesn't grow that much annually so long as my money's working for me. Also in about five or so years I'll be receiving around 6,000 shares of $HE (bought pre-2023, ouch.) So my time horizon is from now until then.
I sure as hell don't. GLDM, FXF, VXus, DBC, and brk is my base. With ~50% in cash. I'm debating moving USD to EU or Pound cash. There's no scenario where the USD gains in this current environment. Bonds aren't a great play either. TIPS are out given the shenanigans.
Specific stock that I have that I thought would be relatively safe is Cencora. It’s performed well, time safe industry (pharma solutions & wholesaler), and benefitted from price controls. But Trump is planning to announce pharma tariffs which will almost certainly hurt Cencora in the short to medium term. GLDM - gold Other individual stocks I have that I expect to dip further but do not plan on selling: - Costco - ASML - ACN - Google I also have Apple and SoFi shares but have almost fully exited both over the last 5 weeks.
Indeed, this one is also strong. I would caution around these clauses: "Retail investors seeking to purchase or sell Shares on any day are expected to effect such transactions in the secondary market, on the NYSE Arca or other national securities exchanges, at the market price per Share, rather than in connection with the creation or redemption of Creation Units. The market price of the Shares of GLDM is not identical to the end- of-day NAV per Share. However, the market price per Share is expected to be close to the intra-day value of GLDM, which is provided on the Sponsor’s website. Investors are able to use the indicative intra-day value per Share as a reference to help determine if they want to purchase or sell Shares in the secondary market." I don't know how this plays out in a termination event. IANAL. I would recommend in general to diversify the risk of holding any one asset under a single set of governance.
I am selling, as part of my rebalancing plan; i have GLDM shares and they are like +10% since i bought them holy moly The thing about gold is it produces nothing and people naturally assume that its return as an asset is also zero. Still it comes handy in uncertain times like this, and you gain rebalancing premium when you sell gold and buy equities cheap.