Investing on gold: GLD vs DGL

Many "experts" have suggested investing in gold. Some
claim the best way to do this is to buy GLD.

However, in looking at GLD, I find the tax consequences of holding
it in a taxable account to be quite a pain - The fund sells underlying gold
every month to cover expenses, so every month a shareholder "sells".
Also, the shares, when sold, are subject to the 28% capital gains rate.

DGL on the other hand does not seem to have this problem as it invests
in futures contracts.

It seems both track the price of gold.

Soo...why buy GLD and not DGL?

Thanks for any thoughts...

Ed


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