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On the runup Fri., GTU was up 4.31%, GLD up 3.88%.
So, now, I dunno, did I get lucky on the discount end? People at gyroscopic seem to think GTU is pretty sound, to quote one:
Quote:
I've always liked GTU. It seems simpler than an ETF since it just buys gold and puts it in a vault, rather than trying to precisely track the spot price of gold. Reading over GTU's annual report, I like how it says right at the top of the first page that:
1. "At least 90% of the total net assets of Central GoldTrust [will] be held in physical gold bullion at all times"
2. "Physical gold holdings may not be loaned, pledged, subjected to options or otherwise encumbered in any way"
3. "Gold bullion is stored on an allocated and segregated basis"
IAU does all these things as well, but the part about not loaning the gold is in an IAU FAQ sheet I found on their website. It seems like a marketing document and I can't actually find anything about it in the prospectus.
I also like the fact that CEF has a long track record, while ETFs are a rather new product.
I'm sure that IAU is fine, but when the premium for GTU dropped to 0.3% the other day, I exchanged IAU for it in my taxable account.
You have too much rattling around in your brain, there, Mathjak. We all need more brain cells in this information age. I often get lost in the weeds on stuff I should really know. You're forgiven.
while an etf holds the actual commodity or futures contract on that commodity an etn is a debt instrument issued by a bank and is like a bond indexed to a commodity index. your linked to how that index does .
its a very complex structured product with very different structure,risks and taxes then an etf. tax wise an etn can be better ,risk wise an etn can be worse.
an etf is at least secured by the underlying assets. an etn is non secured as basically its a bond issued by a bank or brokerage and your return is just linked to an index.the brokerage buys futures contracts to make the link.
no question its not an etf ,its an etn from i-path which is an exchange traded note. its a debt instrument like a bond linked to 60% livestock and 40% hog futures.
no question its not an etf ,its an etn from i-path which is an exchange traded note. its a debt instrument like a bond linked to 60% livestock and 40% hog futures.
you are indeed correct , ive just checked COW on yahoo finance and its listed as an ETN , its listed on the ETF encyclopedia website however which seems odd
You have too much rattling around in your brain, there, Mathjak. We all need more brain cells in this information age. I often get lost in the weeds on stuff I should really know. You're forgiven.
When I first parsed this post, I read: "I often get lost smoking weed n' stuff ...'
I don't even smoke weed.
I would if I could, but I cough too much, so alcohol, it is. ( The Macallan )
ha ha ha i would do coke but i hate the smell.....
I don't even know what coke smells like, but I suspect that it would wreck havok on my respiratory system also.
Why would anyone want to do coke when there is Vicodin? There must be a reason, but I guess I'll never know.
I would think Vicodin would make one a safer stock trader and investor ( more mellow ).
People doing coke would probably tend to [ spin-the-wheel ] / [ roll-the-dice ] more ( I guess ).
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We all need more brain cells in this information age. I often get lost in the weeds on stuff I should really know. You're forgiven.
