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Thoughts on QGLDX ?

ShostakovichShostakovich
in Fund Discussions
My wife is unable to hold ETFs or CEFs in her employer's retirement account, but this fund is an option.

Any insights or thoughts on this one?

Seems to track the performance of the major gold ETFs and CEFs pretty well.

Comments

  • yogibearbullyogibearbull
    edited February 13
    ER 1.40% just to hold gold-bullion ETFs/ETNs?

    May be use taxable a/c for GLDM, SGOL, IAU, GLD, etc.

    Be aware that gold-miners (GDX. GDXJ) are lagging gold-bullion.
  • Mona
    edited February 13
    yogibearbull said:


    Be aware that gold-miners (GDX. GDXJ) are lagging gold-bullion.

    Is that cautionary or do you see GDX as an opportunity?
  • yogibearbullyogibearbull
    @Mona, I do like gold-miners and think that they will start to catch up at some point. The gold-mining industry has also changed and is now more focused on profits and cash flows, not just more profitless mining. As the OP was only about gold-bullion, I didn't include more details.
  • ShostakovichShostakovich
    edited February 13
    @yogibearbull -- thanks for chiming in. I hear you. The constraint is that the holding must be a legit closed-end fund; it can't be an ETF, ETN, or CEF.
  • richardsok
    QGLDX appears to be rallying very steadily since it paid a large distribution in December. I would have no objections to it. Among all the gold OEFs I know, FKRCX appears to have one of the lowest expenses -- .88
    That said, I limit my precious metals positions to CEFs and ETFs.
  • MarkMark
    FSAGX might be another OEF for your consideration. It carries an 0.70% ER.
  • Edmond
    Shosh, I'd never heard of QGLDX until your post.
    A simple benchmarking of returns of QGLDX vs the oldest bullion ETF, "GLD", shows that QGLDX does effectively track the price of gold, but it tracks it with "drag" (underperformance) of about 2.5% per annum.

    I guess if that is the only option in the space available, it could be used. But I'd be inclined to get my bullion exposure outside of the 401k, using a cost-effective option -- either SGOL, IAU, or buy the bullion directly.
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