Investors have looked to GLD as a quick-and-easy way to gain exposure to gold price movements as they hedge against market risks, help protect their purchasing power in times of inflationary pressures, or capitalize on increasing demand from the emerging markets with a growing middle-income class. GLDM’s strategy is identical to GLD – both are physically backed by gold bullion and are structured as grantor trusts. For example, the SPDR Gold Shares (NYSEArca: GLD), the most liquid and largest physically backed gold-related ETF on the market, has been the go-to ETF option for gold investments.