Bifalgorithm post · Gold Investing · Do you want to own your gold investment?

ETF Fees

ETF Fees (Gold Investing · Do you want to own your gold investment?) — "Gold ETF fees range from 0.15% to 0.40% of your investment's value each year, charged b…

Ideas in this flowchart

  • Gold ETFs involve annual fees and indirect share ownership
  • Gold ETF fees range from 0.15% to 0.40% of the investment's value each year
  • The fees are charged by gradually reducing the quantity of gold backing each share
  • Gold ETF shares bought through a broker probably will not belong directly to the investor
  • The shares are held in a nominee account
  • The broker is the direct owner of the shares
  • This arrangement is the same as with other stock-market shares held in a nominee account
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ETF Fees

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Gold Investing

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"Gold ETF fees range from 0.15% to 0.40% of your investment's value each year, charged by slowly reducing the quantity of gold backing each of your shares. Note that any gold ETF shares you buy probably won't belong to you either. That's because, just as with any other stock-market shares you hold in a 'nominee' account, your broker will be the direct owner."

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