VanEck Merk Gold ETF (OUNZ)
| Bid | 36.87 |
| Market Cap | 1.88B |
| AUM | 2.09B |
| NAV | 36.27 |
| EPS (ttm) | n/a |
| PE Ratio (ttm) | n/a |
| Shares Out | 50.88M |
| Inception Date | May 16, 2014 |
| Ask | 36.88 |
| Volume | 779,197 |
| Open | 36.80 |
| Previous Close | 36.29 |
| Day's Range | 36.77 - 36.92 |
| 52-Week Range | 24.68 - 36.92 |
| Holdings | 0 |
| Expense Ratio | 0.25% |
About OUNZ
OUNZ, unlike other gold funds that hold physical bullion, the fund allows individual investors to redeem shares in exchange for 1 ounce coins. Like most gold funds, OUNZ should hew closely to the price of gold, lagging only by its fee, making it an excellent way to get exposure to the price of gold. OUNZ's NAV is set by the London PM fix, so apparent premiums and discounts may simply reflect a stale NAV. While the ability to redeem for actual gold is unique, it's important to note that large minimum fees do make it impractical to redeem smaller quantities. While long-term gains are taxable at the 28% rate, redeeming shares for gold is not a taxable event until the coins or bars are sold.
19 hours ago · proactiveinvestors.com
US gold reserves worth over $1T as gold price rally continuesGold reserves held by the US Treasury now have a market value of more than $1 trillion, which is 90 times more than what is stated on the government's balance sheet, Bloomberg reported on Monday. Th...
