Sprott Physcial Gold Trust Begins Trading

As of Friday, the trust first traded in the U.S. Ron Rowland notes that the redemption terms are easier than for GLD: one 400 oz.-or-so gold bar minimum, and redemption can be made once per month. The physical bar(s) is/are handed over once redemption is processed, without the hoops that have to be jumped through for GLD. However, the expense ratio of the Sprott trust than for others: no more than 0.65%, while other ETFs' ratios are about 0.40%.