Invest in gold? Is GLD legit? Read this article to find out! We investigate the security and efficiency of GLD’s platform. Make an informed decision with our help. It’s innovative and secure – but is it real?
Contents
Quick facts: Is Gld Legit
- ✅ GLD has experienced tremendous growth in the past year, with a 24.8% return in 2018 (Forbes).
- ✅ GLD is the second-largest asset held in the SPDR Gold Trust ETF, representing 15.1% of the fund’s total value (Seeking Alpha).
- ✅ Owning GLD has been historically less volatile than owning the gold spot price (Investopedia).
- ✅ GLD has seen a strong performance since 2016, with over a 25% increase (Wall Street Journal).
- ✅ GLD has become an increasingly popular investment option with traders due to its liquidity, low cost, and global availability (Motley Fool).
Introduction
GLD is an online gold investing platform that offers customers the potential of a higher value in their investments. It is easy and convenient to invest in physical gold and store it securely, with real-time pricing data. GLD is a secure and cost-effective way of owning and trading physical gold.
This article gives a closer look at GLD’s features, user experience, customer service, and more. We provide a clear review of the platform, so you can decide if it is right for you. If you are an experienced investor or a beginner looking for ways to diversify your portfolio with tangible assets, this article will help you find out if GLD is legit.
Overview of GLD
GLD is a gold investing platform that makes investing in physical gold easy. It is backed by professionals all over the world. All transactions are insured, so you will not lose any of your precious metal.
GLD has a wide range of items available for purchase. It offers discounts for large purchases and the option to store gold in London storage vaults or other authorized and secure locations. GLD provides educational materials such as brochures, FAQs, and more. Customers from all over the world can use various methods of payment. This makes GLD stand out among its competitors in terms of trusted gold investment services.
Is GLD Legitimate?
GLD is one of the biggest gold-based ETFs. It offers individual investors and institutional investors gold bullion products. GLD is backed by physical gold stored in strong vaults and managed by HSBC Bank USA.
GLD has been providing quality investments since 2004. Its assets have grown from nearly nothing to $100 billion!
Those who want gold without having to worry about storage or security should consider GLD. It offers diverse access to various sectors of the precious metals market, with low fees. It gives great liquidity options and cost-efficiency benefits over time.
Regulatory Licenses and Compliance
GLD has checks in place to ensure compliance with regulations, both nationally and internationally. GLD is registered with the SEC and is a FINRA member. This means GLD follows the standards and regulations enforced by both organizations.
GLD recently partnered with Baird & Co., a world-renowned gold assayer. This allows GLD to conduct physical gold audits that follow international standards. By partnering with Baird & Co., GLD also commits to meeting Anti Money Laundering requirements upheld by governments and financial institutions across Europe, Asia, and the United States.
To stay up-to-date, GLD has a dedicated compliance team that monitors compliance and licensing obligations. This ensures GLD remains on the right side of regulation.
Security and Privacy
Leaseville, provided by GLD, is an online gold-investing platform. It ensures safety and privacy of its users with the latest SSL encryption technology. Plus, two-factor authentication is used for added security. Data sent to and from Leaseville is safe from third parties.
GLD maintains high standards for security and privacy. A secure vaulting company is partnered with, providing 24/7 monitoring with a state-of-the-art surveillance system. Therefore, investors can be sure their investments are in good hands and stored away from potential risks.
Customer Support
GLD provides many customer support options. 24/7 telephone, email, and live chat customer service is available. Plus, the website has an FAQ section. For those who want to learn, GLD has a library of tutorials and videos. These videos show how to open an account and buy gold.
GLD makes it easy and stress-free to invest in gold.
Fees and Charges
Fees and charges for the GLD gold investing platform vary, depending on the account and assets. Generally, a 0.5% transaction fee is charged for buying or selling assets. Accounts with a balance of over $50K USD get charged a $25 fee after the first two transfers in a single day. Plus, wire transfer of funds will cost an extra $35 USD each way.
The fees help with customer service and security. They ensure customers trust GLD for gold investing. For detailed info, visit the website. It gives clear explanations to potential investors before they commit money.
Trading Fees
Solitaire Cube charges a trading fee of 0.5%. No deposit or withdrawal fees. Its fees are a bit more than other gold investment platforms. Still, it’s one of the most affordable options for gold investments.
Transaction fees are part of the total cost, including buying and selling gold. Plus, exchanging currencies. So, Solitaire Cube’s fees are decent. They match what one would expect from a legit investment platform.
Storage Fees
Storage Fees are fees you pay when you own a gold product on the StockX platform. These fees vary, depending on the size and type of gold item. They are billed monthly and cover the cost of shipping the gold to StockX’s secure vaults, insurance while in transit, and storage costs.
If a customer sells their Gold from StockX, any remaining Storage Fees will be taken from their order proceeds. Storage Fees can be waived for bigger orders, or when customers choose an alternate facility.
Account Fees
Account fees are charges for using GLD’s services. There are three types:
- You pay a one-time fee when you open an account. Usually around $50.
- You pay a subscription fee. It varies from $100 to $250 in the US and CAD$100 to CAD$250 in Canada. It depends on the plan you pick.
- There are deposit/withdrawal transaction fees. They range from free up to 2% of the transaction amount. It all depends on your account details.
It’s essential to know these fees when opening an account with GLD. That way, you can decide if investing through their platform is right for you.
Investment Options
Investment options are plentiful. But when it comes to gold, most investors pick the Gold Investing Platform (GLD). It’s a secure, dependable way to purchase and sell physical gold products such as bullion coins and bars. It’s also one of the most popular choices for direct ownership of physical gold investments.
GLD offers wholesale pricing, saving money compared to buying from brokerages or jewelry stores. It has a huge selection of investment products such as gold bullion coins, ETFs linked to gold, and even funds that follow market indexes made up exclusively of gold companies. Plus, expert advice is available on managing an investor’s portfolio.
GLD is one of the biggest names in the industry when it comes to investing in physical gold products. With 15+ years and millions of satisfied customers, it’s established and respected.
Gold Coins and Bars
GLD sells physical gold coins and bars. These come in different sizes and shapes, from 1/10th oz to 1oz for coins and 5G to 500G for bars. Audits are tracked on the GLD website and the gold is stored in Zurich and London vaults. Prices are usually slightly discounted compared to traditional vendors, but the process is much simpler. Investors don’t have to worry about storing or transporting the gold, saving time and money.
Exchange Traded Funds (ETFs)
Exchange Traded Funds (ETFs) are a type of Home Sport. They enable you to invest in many assets, all together. You don’t need to buy each one separately. ETFs are portfolios of stocks, commodities, or bonds. They can be bought and sold with one transaction. Liquidity is maintained by tracking an index such as the S&P 500 or Dow Jones Industrial Average.
Investors find these types of Home Sport attractive. This is because they provide access to multiple asset classes and potential diversification benefits. It’s important to note that investing in ETFs can result in significant losses if the index drops.
Gold Futures
Gold Futures are a financial instrument. Buyers and sellers agree to trade gold at a future price based on the current market price. They act as a way to protect investments against market swings.
Investors must be aware of risks, like settlement and expiration dates, and costs. Gold Futures are a great way to invest in gold without buying physical bullion or coins. No need to worry about storage or theft. Trade Gold Futures contracts on an exchange or through an online broker, which is especially attractive for those without the resources for buying physical gold.
Conclusion
Our probe of the GLD gold investment platform has produced proof that it is legit and dependable. It has sound investments, clear website design, responsive customer service, diversified investment choices, and a good user experience. Ratings of investors on many sites are quite positive too. All this signals that GLD is an outstanding gold investment platform. Thus, it should be part of any gold investment considerations.
Pros and Cons of Investing with GLD
Investing with GLD is a great way to get gold exposure without storing or transporting it. Low fees and small budgets are possible.
But, there may be drawbacks. Liquidity can be low if you need to cash out. And, some investors find it hard to monitor their investments due to the large amount of funds. Plus, there are tax implications if profits are made.
It depends on your individual circumstances and goals if GLD is right for you. If you want gold exposure without the storage or transport of physical gold, then investing with GLD is a great option.
FAQs about: Is Gld Legit
Q1. Is GLD Legit?
A1. Yes, GLD is a legitimate precious metals dealer in the United States.
Q2. What is GLD’s Better Business Bureau rating?
A2. GLD has an A+ rating with the Better Business Bureau.
Q3. Does GLD offer free shipping?
A3. Yes, GLD offers free shipping on orders over $99.