Its 1.2% a year -- that's expensive. He states Gold ETFs pay approx. 0.08% per year to store bullion (no idea whether that's a correct number though). But hey,

Its 1.2% a year -- that's expensive. He states Gold ETFs pay approx. 0.08% per year to store bullion (no idea whether that's a correct number though). But hey, it's better than paying a 2-20% fee to a hedge fund vehicle. Fees are already coming down!