The ETF Worth Its Weight in Gold: 'OUNZ'

The Vaneck Merk Gold Trust ETF, known as OUNZ, offers investors the option to redeem shares for gold, stored in London vaults. This process is not taxable as it involves taking possession of owned assets. OUNZ has a 40 basis point expense ratio and has accumulated $150 million in assets since 2014. It closely tracks gold prices and is noted for its alternative tax treatment.

What is the unique feature of the Vaneck Merk Gold Trust ETF (OUNZ)?

• It allows investors to redeem shares for gold.

• It invests in gold mining companies.

• It offers a fixed interest rate.

• It is only available to institutional investors.

Where is the gold held for the Vaneck Merk Gold Trust ETF?

• In Swiss banks

• In London vaults

• In California hills

• In New York vaults

Why is taking delivery of the gold from OUNZ not considered a taxable event?

• Because it is a promotional offer.

• Because investors are taking possession of what they already own.

• Because it is a gift from the fund.

• Because it is considered a loan.

What is the expense ratio of the Vaneck Merk Gold Trust ETF?

• 20 basis points

• 30 basis points

• 50 basis points

• 40 basis points

How does the performance of OUNZ compare to the price of gold?

• It is inversely related to the price of gold.

• It tracks very closely with the price of gold.

• It outperforms the price of gold significantly.

• It is unrelated to the price of gold.