In other words, the big selling point of this closed - end fund is that investors can actually request delivery of their gold. (etfbase.com)
In that case, fabrication charges, and possibly delays, will occur if you request delivery of your gold. (hardassetsalliance.com)
Brandon Rakszawski of VanEck reports that the rising gold price has caused increased interest in VanEck Merk Gold Trust, or OUNZ, which has an option to take physical delivery of gold bullion on redemption of shares in the fund.» (wealthadviser.co)