Did you bagholder knows this ?????
That privilege is not for you, those benefits exist only for those who have a minimum of 100,000 shares (a Basket) and who can persuade one of the Trusts’ ‘Authorized Participants’ (you’ll never guess who the Authorized Participants are… the Bullion Banks!) to REDEEM that Basket of 100,000 GLD shares for Physical Gold from the GLD’s vaults. If you don’t have the money (currently $17million-ish) to purchase those 100,000 GLD shares, then none of the GLD-vaulted-Gold can ever be yours. And 100,000 GLD shares is the MINIMUM requirement to access the Trust’s Physical Gold. Does Joe Public GLD shareholder know that?
Sentiment: Strong Sell