Central Gold Trust Adds Cash Redemption Feature

Discussion of the Gold portion of the Permanent Portfolio

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Kevin K.
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Central Gold Trust Adds Cash Redemption Feature

Post by Kevin K. »

http://www.marketwatch.com/story/centra ... 4-81732119
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dragoncar
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Re: Central Gold Trust Adds Cash Redemption Feature

Post by dragoncar »

Seems brilliant to me... Can redeem at 95% NAV, so hopefully tax inefficiency will be balanced by the fund buying back shares at a discount
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Libertarian666
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Re: Central Gold Trust Adds Cash Redemption Feature

Post by Libertarian666 »

It would have been nice if I had waited until now to sell a small piece rather than doing it last week after I got laid off and decided I needed more liquidity. :P
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Pet Hog
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Re: Central Gold Trust Adds Cash Redemption Feature

Post by Pet Hog »

MangoMan wrote: As of mid-day, GTU is up over 2% while GLD is flat.
Consistent with GTU's 7.0% NAV discount yesterday becoming 5.0% today.
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