In addition to the management fee, when holding gold ETFs for the long term, you may also need to consider the bid-ask spread and trading fees when buying or selling, as well as capital gains tax that may be due upon selling your shares at a profit. Additionally, if the ETF is denominated in a foreign currency, exchange rate fluctuations could impact the value of your investment. It's recommended to read the ETF's prospectus in detail to understand all associated fees and costs before making an investment decision.