the fee structure of PMGOLD is interesting …. ostensibly at 0.15%pa, the website states:
I held 1000 units at 31 Dec the previous year (about $24K), and had one unit deducted, so my balance reduced to 999 units. Evidently if you own 667 units to 1333 units, then the same 1 unit reduction applies.
It is my understanding than holding the next block from 1334 units up to 1999, then 2 units are deducted at 31 Dec..
I am not sure how it works for 666 units or less. And if you bought on 02 Jan and sold close to end Dec of same year, then management fees could likely be avoided? Brokerage in and out would still apply.
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