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GraniteShares launches gold ETF

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GraniteShares, an exchange-traded fund (ETF) company focused on disruption through new exposures, better structures and low-cost investments, has launched the GraniteShares Gold Trust.

GraniteShares says the fund boasts the lowest expense ratio of all gold ETFs in the marketplace at 20 basis points*. Brought to market by renowned commodities expert, Will Rhind, Founder and CEO of GraniteShares, BAR is half the price of GLD, of which Rhind was formerly CEO.
 
“This is gold. All my life I’ve been in love with its colour, its brilliance, its divine heaviness. GraniteShares is giving investors the opportunity to own solid gold bars via the ETF at a price of 20 basis points,” Rhind says. “By offering BAR at 50 percent less than GLD**, we’re looking to turn every suitable investor into a gold digger.”
 
BAR is the third fund in the GraniteShares product suite, joining the GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) and the GraniteShares S&P GSCI Commodity Broad Strategy No K-1 ETF (COMG), both of which launched in May 2017 and are also among the least expensive commodities funds available*.
 
GraniteShares strives to construct a suite of disruptive and innovative no K-1 commodities funds. COMG, COMB and now BAR represent convenient, cost-effective ways for investors to potentially hedge against inflation and diversify their portfolios.

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