{
 "ticker": "GLD",
 "name": "SPDR Gold Shares",
 "url": "https://grantbishop.pages.dev/index/GLD",
 "sells": "SPDR Gold Shares is an exchange-traded fund that holds physical gold bullion and issues shares tracking its price.",
 "why": "We follow it because the House View watches gold, silver and other hard assets as part of its argument about government debt and inflation.",
 "questions": [
  {
   "slug": "hard-assets",
   "question": "Who holds the hard assets?",
   "url": "https://grantbishop.pages.dev/index/q/hard-assets"
  }
 ],
 "tests": [
  {
   "id": "W-1",
   "claim": "This inflation is coming from broken supply, not from too much money. While it lasts, owning the broad market is not the hedge our earlier views assumed.",
   "url": "https://grantbishop.pages.dev/claims/inflation-from-broken-supply"
  }
 ],
 "reports_next": null,
 "latest_disclosed": {
  "form": "10-Q",
  "filed": "2026-08-04",
  "period": "2026-06-30",
  "url": "https://www.sec.gov/Archives/edgar/data/1222333/000143774926025680/gld20260630_10q.htm"
 },
 "disclosed": [
  {
   "date": "2026-10-21",
   "figure": "32,900,000 shares",
   "what": "GLD shares redeemed in Q2 2026",
   "source": "https://www.sec.gov/Archives/edgar/data/0001222333/000143774926025680/gld20260630_10q.htm"
  },
  {
   "date": "2026-10-21",
   "figure": "329 baskets",
   "what": "GLD baskets redeemed in Q2 2026",
   "source": "https://www.sec.gov/Archives/edgar/data/0001222333/000143774926025680/gld20260630_10q.htm"
  },
  {
   "date": "2026-10-21",
   "figure": "3,020,610.7 ounces",
   "what": "Gold redeemed by GLD in Q2 2026",
   "source": "https://www.sec.gov/Archives/edgar/data/0001222333/000143774926025680/gld20260630_10q.htm"
  },
  {
   "date": "2026-10-21",
   "figure": "1,698,714.7 ounces",
   "what": "Gold created by GLD in Q2 2026",
   "source": "https://www.sec.gov/Archives/edgar/data/0001222333/000143774926025680/gld20260630_10q.htm"
  },
  {
   "date": "2026-10-21",
   "figure": "3,584,534.3 ounces",
   "what": "Gold created by GLD in Q1 2026",
   "source": "https://www.sec.gov/Archives/edgar/data/0001222333/000143774926014926/gld20260331_10q.htm"
  },
  {
   "date": "2026-10-21",
   "figure": "4,300,883.2",
   "what": "Gold redeemed by GLD in Q1 2026",
   "source": "https://www.sec.gov/Archives/edgar/data/0001222333/000143774926014926/gld20260331_10q.htm"
  },
  {
   "date": "2026-06-30",
   "figure": "$130,098,696,246",
   "what": "Value of GLD gold holdings at June 30, 2026, LBMA PM basis",
   "source": "https://www.sec.gov/Archives/edgar/data/0001222333/000143774926025680/gld20260630_10q.htm"
  },
  {
   "date": "2026-06-30",
   "figure": "about 32,310,000 ounces",
   "what": "GLD gold holdings at June 30, 2026, rounded from 32,314,227.7 oz",
   "source": "https://www.sec.gov/Archives/edgar/data/0001222333/000143774926025680/gld20260630_10q.htm"
  },
  {
   "date": "2026-06-30",
   "figure": "$4,026",
   "what": "Implied GLD value per ounce at June 30, 2026",
   "source": "https://www.sec.gov/Archives/edgar/data/0001222333/000143774926025680/gld20260630_10q.htm"
  },
  {
   "date": "2026-03-31",
   "figure": "$154,998,264,698",
   "what": "Value of GLD gold holdings at March 31, 2026, LBMA PM basis",
   "source": "https://www.sec.gov/Archives/edgar/data/0001222333/000143774926014926/gld20260331_10q.htm"
  },
  {
   "date": "2026-03-31",
   "figure": "about 33,630,000 ounces",
   "what": "GLD gold holdings at March 31, 2026, rounded from 33,634,221.4 oz",
   "source": "https://www.sec.gov/Archives/edgar/data/0001222333/000143774926014926/gld20260331_10q.htm"
  },
  {
   "date": "2026-03-31",
   "figure": "$4,608",
   "what": "Implied GLD value per ounce at March 31, 2026; matches quarter-end close Barrick cites",
   "source": "https://www.sec.gov/Archives/edgar/data/0001222333/000143774926014926/gld20260331_10q.htm"
  }
 ],
 "check": "Checked against the company's own business description in its latest annual filing.",
 "log": [
  {
   "date": "2026-10-19",
   "note": "Entry rewritten in plain words: what the company sells, and why we follow it."
  },
  {
   "date": "2026-10-12",
   "note": "Verified against the 10-Q filed 2026-08-04 at launch."
  }
 ],
 "living_report": {
  "report": false,
  "last_revised": null,
  "next_disclosure": null,
  "timeline": [
   {
    "form": "8-K",
    "filed": "2026-09-28",
    "period": "2026-09-28",
    "url": "https://www.sec.gov/Archives/edgar/data/1222333/000143774926031296/gld20260911_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2026-08-04",
    "period": "2026-06-30",
    "url": "https://www.sec.gov/Archives/edgar/data/1222333/000143774926025680/gld20260630_10q.htm",
    "what_it_said": "In its quarterly report for the period ended June 30, 2026, the trust reported redemptions of 3,020,610.7 ounces against creations of 1,698,714.7, after first-quarter redemptions of 4,300,883.2 against creations of 3,584,534.3.",
    "from_piece": "https://grantbishop.pages.dev/pieces/gold-above-4000"
   },
   {
    "form": "10-Q",
    "filed": "2026-05-05",
    "period": "2026-03-31",
    "url": "https://www.sec.gov/Archives/edgar/data/1222333/000143774926014926/gld20260331_10q.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-02-09",
    "period": "2026-02-09",
    "url": "https://www.sec.gov/Archives/edgar/data/1222333/000143774926003434/gld20260128_8k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2026-02-04",
    "period": "2025-12-31",
    "url": "https://www.sec.gov/Archives/edgar/data/1222333/000143774926002987/gld20251231_10q.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-K",
    "filed": "2025-11-25",
    "period": "2025-09-30",
    "url": "https://www.sec.gov/Archives/edgar/data/1222333/000143774925036305/gld20250930_10k.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2025-08-06",
    "period": "2025-06-30",
    "url": "https://www.sec.gov/Archives/edgar/data/1222333/000143774925024998/gld20250630_10q.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2025-05-07",
    "period": "2025-03-31",
    "url": "https://www.sec.gov/Archives/edgar/data/1222333/000143774925015077/gld20250331_10q.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2025-02-05",
    "period": "2024-12-31",
    "url": "https://www.sec.gov/Archives/edgar/data/1222333/000143774925002865/gld20241231_10q.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-K/A",
    "filed": "2024-12-19",
    "period": "2024-09-30",
    "url": "https://www.sec.gov/Archives/edgar/data/1222333/000143774924037938/gld20240930_10ka.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-K",
    "filed": "2024-11-25",
    "period": "2024-09-30",
    "url": "https://www.sec.gov/Archives/edgar/data/1222333/000143774924036161/gld20240930_10k.htm",
    "what_it_said": null,
    "from_piece": null
   }
  ],
  "history": []
 },
 "market": {
  "rule": "Each figure is kept only where Massive and Yahoo agree on it to the cent; a figure they do not agree on is null. Dated, not live. The market value and the forward multiple are computed from the close.",
  "last_close": {
   "value": 372.52,
   "currency": "USD",
   "as_of": "2026-11-06",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "day_range": {
   "low": 369.26,
   "high": 373.76,
   "currency": "USD",
   "as_of": "2026-11-06",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "range_52_week": {
   "low": 354.67,
   "low_date": "2026-10-30",
   "high": 509.7,
   "high_date": "2026-01-29",
   "sessions": 251,
   "currency": "USD",
   "as_of": "2026-11-06",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "market_value": {
   "value": 131276048000,
   "currency": "USD",
   "as_of": "2026-11-06",
   "computed": "the last close times the shares outstanding on the filing cover",
   "shares": {
    "count": 352400000,
    "as_of": "2026-08-03",
    "form": "10-Q",
    "filed": "2026-08-04",
    "url": "https://www.sec.gov/Archives/edgar/data/1222333/000143774926025680/"
   }
  },
  "forward_multiple": null,
  "checked_at": "2026-11-10 03:15:40"
 },
 "exhibits": null,
 "mentions": [
  {
   "date": "2026-10-21",
   "slug": "gold-above-4000",
   "headline": "Gold's high price: insurance policy, or a standing verdict on currency?",
   "url": "https://grantbishop.pages.dev/pieces/gold-above-4000",
   "line": null,
   "idea": null
  }
 ],
 "note": "Prices on this page are dated market records, shown free during the preview, each confirmed by two independent data providers. None is a recommendation.",
 "license": "Free to cite with a link."
}