Buy SPDR Gold Shares
What is GLD?
SPDR Gold Shares was hailed as an innovative exchange-traded fund (ETF) when initially introduced in 2004. Each share of GLD represents an ownership stake in a trust which physically holds gold bullion, making a share of GLD a direct investment into gold as a commodity. The GLD trust holds over 25 million ounces of gold bullion, making it one of the top ten holders of the precious metal on earth.
Used as a store of value throughout human history, gold has historically exhibited a low or sometimes negative correlation to other financial asset classes, particularly during periods of economic volatility. The history of gold as a strategic asset used defensively by investors during periods of geopolitical crisis, ranging from war to natural disasters and hyperinflation, has long been documented.
Before the arrival of digital currencies, gold held a unique role in global markets as a surrogate of monetary value with a continuously quoted globally quoted price.
Unlike ETFs which hold securities including stocks and bonds, the assets held by GLD are taxed in the U.S. as if they held a pro rata share of the underlying bullion and are subject to tax rates for collectibles.
What is the price GLD?
At $171 per share (as of mid-December 2020), GLD has performed admirably with a year-to-date increase of 23%. GLD has outperformed equities and fixed income broadly on a 1- and 3-year basis.
As a result of the direct physical ownership of gold bullion, as well as deep trading liquidity, shares of GLD track the spot price of gold and gold futures very closely. Conversely, the cost of storing and insurance for the underlying bullion contributes to an expense ratio of 0.40%, which is four times higher than the fees charged by the SPDR S&P 500 ETF (SPY).
How to buy GLD
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Here’s how fast it is to get started:
1. Go to Uphold.com and click sign up.
2. Enter your email address and personal details.
3. Click the link we send you and create a password
… and you’re off to the races!
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*U.S. stock trading is not available in the U.S., U.K., and certain other jurisdictions.
This article is for informational purposes only and takes no account of particular personal or market circumstances, and should not be relied upon as investment, tax, or legal advice. For investment, tax, or legal advice, and before taking any action you should consult your own advisors. Note that assets such as equities present unique risks for investors.
This content is correct as of December 2020
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