I do remember reading somewhere that the amount gld is leveraged. To what degree? idk. I’ve read that CEF hold at least 97% of total net assets in physical gold and silver at the Canadian Mint. Tax savings is also great.

CEF also allows shareholders to redeem actual bullion on a monthly basis, though the fees to conduct such redemptions are quite steep and an investor must own 100,000 units to qualify.

If you are worried about redemption there is also the equivalent of CEF for Australia. AAAU. Like cef, it’s backed by the aus mint. It doesn’t have the tax savings, but you can redeem it for lesser quantity, gold coins.