$SPDR Gold Minishares(GLDM.US)
1️⃣ Context
Spot gold fell roughly 30% from its peak of $5,602.23, and I believe it is finding a solid base when it was trading around $4k.The macro backdrop is increasingly favourable for the yellow metal with President Trump in the office. 🤣
I compared several gold ETFs and decided to chose GLDM.
The main reason: It has one of the lowest management fees and substantial AUM making it the most efficient choice for long term holders.
2️⃣ My Trade
I started buying GLDM in mid‑July and have been dollar cost averaging weekly ever since.
My average cost is $81.982 and it is now at $89.69, up +9.40%! 😁
3️⃣ My takeaway
Always keep hunting for opportunities. Uncertainty creates them. Gold is my conviction, stay consistent, buy steadily, ignore the noise and trust the fundamentals. 💛
Cheers gold 🚀🚀
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.