⚠ GLD no longer represents exactly 0.1 oz/share. The trust sells a small amount of gold each year to cover its 0.40% expense ratio, so the gold entitlement per share slowly decreases from inception.
1
GLD inception date
18 Nov 2004
initial entitlement: 0.1 troy oz/share
2
Years since inception
—
at source calculation time
3
Estimated oz/share at source
—
= 0.1 × (1 − 0.004) ^ years
4
GLD closing price
—
USD per share (latest)
5
Implied gold estimate
—
= GLD price ÷ oz/share
6
Gold estimate per gram (USD)
—
= spot ÷ 31.1035 g/troy oz
7
USD/SGD rate
—
ECB via Frankfurter
✓
Gold per gram (SGD)
—
= USD/gram × USD/SGD rate