How is it different from other gold ETFs like GLD and IAU?
Yes, we recently launched a physically backed Swiss gold ETF. Let me start with the similarities. The structure is a 1933-act grantor trust and is physically backed with gold bullion. Each share represents the USD equivalent to approximately one tenth of an ounce of gold. However, the differences are compelling and SGOL is really a reflection of creating a product to satisfy investor demand. SGOL is differentiated from others by storing the physical gold in Switzerland, rather than the U.S. or U.K. like other products. This is a way for investors to diversify their gold holdings not only by geography but also by custodian, issuer and vault as well. Switzerland is recognized internationally as a neutral country, an international banking center and gold storage location and has had no gold confiscation history like the US. Investors can access unique gold bar numbers by going onto our website. The gold bars held in the SGOL custodian vault are independently inspected twice a year by a th
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