We examine the speech modeling potential of generative spoken language modeling (GSLM), which involves using learned symbols derived from data rather than phonemes for speech analysis and synthesis. Since GSLM facilitates textless spoken language processing, exploring its effectiveness is critical for paving the way for novel paradigms in spoken-language processing. This paper presents the findings of GSLM's encoding and decoding effectiveness at the spoken-language and speech levels. Through speech resynthesis experiments, we revealed that resynthesis errors occur at the levels ranging from phonology to syntactics and GSLM frequently resynthesizes natural but content-altered speech.