The SPDR Gold Shares ETF (GLD) tracks the price of gold bullion in the over-the-counter (OTC) market. 1 The trust that is the sponsor of the fund holds physical gold bullion as well as some cash.
What is GLD comprised of?
Others may wish to include gold exposure as part of a long-term investment strategy. GLD is a relatively straightforward product; the underlying assets consist of gold bullion stored in secure vaults. As such, the price of this ETF can be expected to move in lock step with spot gold prices.
How much gold does one share of GLD represent?
Each share represents one-tenth of an ounce of the price of gold. 2 However, investors cannot convert their shares into physical gold.
How big is GLD?
Name SPDR Gold Trust
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Exchange New York Stock Exchange Arca
Initial Pricing Based on the price of 1/10th of an ounce of gold
Estimated Expense 0.40%*
Minimum Order Size 1 share
Does GLD actually own gold?
Owning shares of GLD does not equate to owning actual physical gold. This is very important for potential investors to understand. Although the fund is based on gold and holds gold and/or cash as its only assets, share holders are not guaranteed to receive physical gold in exchange for their shares.
Is GLD fully allocated?
No. Once again, the GLD is an allocated account — that is, the gold is owned outright by the trust. The GLD prospectus states that “Gold held in the Trust's allocated account is the property of the Trust and is not traded, leased or loaned under any circumstances.”
Is GLD backed by real gold?
The SPDR Gold Shares ETF (GLD) tracks the price of gold bullion in the over-the-counter (OTC) market. 1 The trust that is the sponsor of the fund holds physical gold bullion as well as some cash. Each share represents one-tenth of an ounce of the price of gold.