A good expense ratio, from the investor's point of view, ranges from 0.5% to 0.75% for an actively managed portfolio or a Gold backed IRA account. A spending ratio greater than 1.5% is considered high. An expense ratio is the cost of owning a mutual fund, an exchange-traded fund (ETF), or a Gold backed IRA account. Think of the expense ratio as the management fee paid to the fund company for the benefit of owning the fund or a Gold backed IRA account. Since all investments have costs, it can seem like a waste of time to worry about them.
Or maybe you assume that a higher price means higher quality.