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SPDR Gold MiniShares (GLDM)

NYSEArca - Nasdaq Real Time Price. Currency in USD
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35.47-0.09 (-0.25%)
At close: 04:00PM EDT
35.51 +0.04 (+0.11%)
After hours: 07:36PM EDT

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  • A
    Andy
    People got too confident about the equity and bond markets. They are going to have a 60% drop or more. It may be that the markets are still close to their peak. Only 1.1% has been priced-in for all the Fed funds rate increase for all of 2022 through the end of 2023. But the Fed needs to raise the Fed funds rate up to at least 8%. We are only 1/7th of the way there.

    Currently the Fed's policy is hugely stimulative. The inflation-adjusted Fed funds rate is -7.8%. Yes, that is a negative 7.8%. Soon bond investors will wake up and won't buy any long bonds until the valuation are de-rated by at least 50%. Inflation is surging higher and the Fed has not yet gotten serious about acting to pull out their enormous stimulus. We are heading for 14% inflation by year-end. Dire.
  • k
    karaha
    It was grate and Educative working with Mr Laurits V. Damgaard signals, I have made grate profit of $300k working with his signal and skills from $40k investment. You can contact him on Telegm: @Damgaardsignal
  • T
    Tom
    GLDM seems to have a very similar structure to GLD. Paper gold GLD claims to be fully backed by physical gold bullion but yet it refuses to give retail investors the right to redeem for any of these ‘claimed’ gold bullion. This fact alone would mean GLD shares are nothing more than paper at the end of the day. Furthermore, GLD’s prospectus is chalk full of weasel clauses and legal loopholes that allows the fund to get away without the full physical gold backing. One good example of this is the clause that states GLD has no right to audit subcustodial gold holdings. To this day, I have not heard of a single good reason for the existence of this audit loophole. I’ve also verified the following to be true and welcome everyone else to do so:

    "Did anyone try calling the GLD number for general inquiries at (866) 320 4053 in search of numerical details on GLD's insurance? The prospectus vaguely states "The Custodian maintains insurance with regard to its business on such terms and conditions as it considers appropriate which does not cover the full amount of gold held in custody." When I asked about how much of the gold was insured, the representative proceeded to act as if he didn't know and said they were just the "marketing agent" for GLD. What kind of marketing agent would not know such basic information about a product they are marketing? It seems like they are deliberately hiding information from investors."

    "I remember there was a well documented visit by CNBC's Bob Pisani to GLD's gold vault. This visit was organized by GLD's management to prove the existence of GLD's gold but the gold bar held up by Mr. Pisani had the serial number ZJ6752 which did not appear on the most recent bar list at that time. It was later discovered that this "GLD" bar was actually owned by ETF Securities."
  • J
    Jascha
    What happened? Price almost doubled overnight? 22-23 Feb 2022…can’t seem to find any news or a reason…
  • j
    jack
    I was thinking about investing in this until I read that it is considered a "collectible" and if held for over a year will be taxed at 28% when you sell. Imagine if you held it and it appreciated 30 percent and you were unaware of the tax rate and sold it thinking you had done well.
  • S
    Steven
    Gold and silver should be up on all the dollar printing that will begin on jan20
    Be patient
  • A
    Adam
    GOLD PRICES ARE PRICE CAPPED BY BROKER MACHINES. SINCE COVID STARTED BROKER SET CEILING PRICE LIMIT TO $2075. THIS IS THE REASON PRICE CANNOT INCREASE ABOVE $2075 LEVEL. YESTERDAY MACHINES SELL OFF HUGE GOLD CONTRACTS AND UNFORTUNATELY SMALL INVESTORS WERE BUYING GOLD. SELL OFF GOLD INVESTMENTS IF YOU ARE IN PROFIT. GOLD HAS A PRICE CAP SET FOR THE NEXT FIVE YEARS BY BROKERS.
  • C
    Cfsaxny
    100% gain last 5 days? Not accurate. Why is it reported this way by Yahoo?
  • B
    Bill
    Well this is how it works....hope all the early arrives ...stayed long enough to reap some rewards
  • J
    John
    Should I hold?
  • A
    Andy
    Impressive to see that gold is up from the $1,300 per oz. in the 2019 pre-pandemic year and now at $1,850 per oz. That is a huge rate of increase, and recently it is rising further. When the government borrow $3 trillion to distribute to people and prints $9 trillion to provide to the Fed to further devalue to dollar and keep the long term bond yields low, that is fueling the devaluation of the dollar further and pushing gold quite a bit higher. Likely, the Fed is going to present insufficient increases in the Fed funds rate (and keep the Fed funds rate below 3% this year), not removing much of the $9 trillion in bonds on the balance sheet and those will drive inflation much further. Probably, we will see Gold hitting new records beyond $2,100 per oz. this year.
  • B
    Bob
    Best Gold ETFs for Q3 2020
    BAR, AAAU, and GLDM are the best gold ETFs for Q3 2020
    FACEBOOK
    TWITTER
    LINKEDIN
    By JASON FERNANDO
    Updated May 13, 2020
    Gold is a popular asset among investors wishing to hedge against risks such as inflation, market turbulence, and political unrest. Aside from buying gold bullion directly, another way to gain exposure to gold is by investing in exchange-traded funds (ETFs) that hold gold as their underlying asset. Some investors view ETFs as a relatively liquid and low-cost option for investing in gold compared to alternatives such as buying gold futures contracts or shares of gold mining companies. Still, the price of gold can see big swings, meaning ETFs that track it can also be volatile.

    There are currently 9 ETFs focused on tracking the price of gold, excluding leveraged or inverse funds.1 Over the past 12 months, the returns from these ETFs have ranged between 25.2% and 31.8%. Among these ETFs, the best performer for the past year is the GraniteShares Gold Trust (BAR). Below, we’ll take a closer look at each.

    SPDR Gold MiniShares Trust (GLDM)
    Performance over 1 year: 31.7%
    Expense Ratio: 0.18%
    Annual Dividend Yield: N/A
    3-Month Average Daily Volume: 3,016,730
    Assets Under Management: $2,138.3 million
    Inception Date: June 25, 2018
    Issuing Company: State Street SPDR5
    With an expense ratio of 0.18%, the objective of the SPDR Gold MiniShares Trust is to track the spot price of gold, less its expenses. The market price of the trust is intended to track the price of 1/100th of an ounce of gold, with the actual gold bullion owned by the fund being stored in London, UK.8 The fund’s sponsor, State Street SPDR, publishes a weekly update of the total amount of gold bullion which it holds. As of May 12th 2020, its most recent weekly figure was roughly 1,189,000 ounces.9
  • J
    Joseph
    Even GLDM is dropping. Where are traders parking to hedge against virus? Cash?
  • U
    USER6244
    Hey this is awesome equities down dow -154 bonds are down, and gold is down...can it get any better?
  • E
    Eric Andrew
    i bought gold to hedge against SP500. then bought etherium or whatever it is spelled like to hedge against gold. now I need to buy SP500 😅
  • T
    Tomoki
    Bug?
  • B
    Bill
    remember. buy low...when nobody's interested...
  • g
    garska
    GLDM looks like it is about to drop. Be careful guys. I have been reading (http://Achieverspot.tech) and their stocks have been doing way better.
  • A
    Andy
    Aluminum is up another 8% today. At this rate, soon aluminum will be more valuable than gold.
  • M
    Micah
    I just sold!!! I made $24.86!! Nobody is a better trader than me