Page 1 of 4

Buying GTU now?

Posted: Sun Jul 20, 2014 8:11 am
by fishdrzig
Discount premium now is -2.28 according to Morningstar - - does this indicate a good time to buy?

Re: Buying GTU now?

Posted: Sun Jul 20, 2014 8:26 am
by Pointedstick
It's been as low as -5% recently. That's when I bought. I plan to swap mine out for a different ETF once the discount becomes a 5% premium.

Re: Buying GTU now?

Posted: Tue Jul 22, 2014 8:28 am
by Cortopassi
I played this game a few times, swapping between GTU and GLD or PHYS and GLD playing the premium differential but then on the last attempt before moving to the PP, GTU has been sitting at -4 to -5% for so long, it just seemed to not be worth it.

I suppose it could be a good strategy to make a % here and there, but since going to the PP my gold holdings are only physical and the whole point was for me not to deal with day to day monitoring of things like this.

Re: Buying GTU now?

Posted: Wed Jul 23, 2014 11:40 am
by dragoncar
GTU premium/discount is dropping like a stone.  Hopefully you didn't just buy GTU!  Anyways, what's going on here?  Can we use the GTU premium to predict Gold price movements? 

Re: Buying GTU now?

Posted: Wed Jul 23, 2014 4:46 pm
by buddtholomew
dragoncar wrote: GTU premium/discount is dropping like a stone.  Hopefully you didn't just buy GTU!  Anyways, what's going on here?  Can we use the GTU premium to predict Gold price movements?
Dropping like a stone? 1 year AVG discount/premium as of 6-31-2014 is -4.91%

According to their site, current discount as of 7-23-2014 is -5.2%, on the NYSE it is -5.36% (Price/NAV-1)

Do you see something more alarming elsewhere?

Re: Buying GTU now?

Posted: Wed Jul 23, 2014 7:34 pm
by dragoncar
buddtholomew wrote:
dragoncar wrote: GTU premium/discount is dropping like a stone.  Hopefully you didn't just buy GTU!  Anyways, what's going on here?  Can we use the GTU premium to predict Gold price movements?
Dropping like a stone? 1 year AVG discount/premium as of 6-31-2014 is -4.91%

According to their site, current discount as of 7-23-2014 is -5.2%, on the NYSE it is -5.36% (Price/NAV-1)

Do you see something more alarming elsewhere?
Well it was -1.11% a month ago and -2.28% a few days ago.  So pretty big movements down.

Re: Buying GTU now?

Posted: Wed Jul 23, 2014 9:13 pm
by buddtholomew
dragoncar wrote:
buddtholomew wrote:
dragoncar wrote: GTU premium/discount is dropping like a stone.  Hopefully you didn't just buy GTU!  Anyways, what's going on here?  Can we use the GTU premium to predict Gold price movements?
Dropping like a stone? 1 year AVG discount/premium as of 6-31-2014 is -4.91%

According to their site, current discount as of 7-23-2014 is -5.2%, on the NYSE it is -5.36% (Price/NAV-1)

Do you see something more alarming elsewhere?
Well it was -1.11% a month ago and -2.28% a few days ago.  So pretty big movements down.
I see. Decided against GTU to avoid filing an additional tax form.

Re: Buying GTU now?

Posted: Thu Jul 24, 2014 1:28 pm
by pugchief
buddtholomew wrote:
dragoncar wrote:
buddtholomew wrote: Dropping like a stone? 1 year AVG discount/premium as of 6-31-2014 is -4.91%

According to their site, current discount as of 7-23-2014 is -5.2%, on the NYSE it is -5.36% (Price/NAV-1)

Do you see something more alarming elsewhere?
Well it was -1.11% a month ago and -2.28% a few days ago.  So pretty big movements down.
I see. Decided against GTU to avoid filing an additional tax form.
IMHO, if you are using ETFs to hold your gold, IRA/401k is a better place, so as to avoid accounting headaches of extra forms, fractional shares for expenses, and the 28% collectibles tax. YMMV.

Re: Buying GTU now?

Posted: Thu Jul 24, 2014 1:57 pm
by dragoncar
Down even more today...

Re: Buying GTU now?

Posted: Fri Jul 25, 2014 6:31 pm
by fishdrzig
I own some GTU  in a tax advantaged account --do I still need to file special forms??

Re: Buying GTU now?

Posted: Fri Jul 25, 2014 6:32 pm
by Pointedstick
fishdrzig wrote: I own some GTU  in a tax advantaged account --do I still need to file special forms??
Nope.

Re: Buying GTU now?

Posted: Fri Jul 25, 2014 8:26 pm
by buddtholomew
Premium narrowed to -4.1%, NAV increase of roughly 1.4% if I calculated today's results accurately.