New Shares Of Gold Fund IAU Suspended

Discussion of the Gold portion of the Permanent Portfolio

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Drewskers
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Re: New Shares Of Gold Fund IAU Suspended

Post by Drewskers » Mon Mar 07, 2016 6:52 pm

Share Creation For Gold Fund IAU Restored
http://www.etf.com/sections/features-an ... -suspended

Here is a detailed explanation of what happened. Bottom line: this was a paperwork issue, not a shortage of gold issue.

Gold Fund’s Much Ado About Nothing
http://www.etf.com/sections/blog/gold-f ... ut-nothing

(Edit: I think that second article is essentially same article as Desert posted earlier today).
Last edited by Drewskers on Mon Mar 07, 2016 6:58 pm, edited 1 time in total.
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dualstow
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Re: New Shares Of Gold Fund IAU Suspended

Post by dualstow » Mon Mar 07, 2016 8:13 pm

Yep.
ethnic: "pagan, heathen," Greek ethnikos ".. national," from ethnos "band of people living together, nation, people, tribe, caste,"..Earlier in English as a noun, "a heathen, pagan, one who is not a Christian or Jew" (c. 1400)
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Tom
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Re: New Shares Of Gold Fund IAU Suspended

Post by Tom » Tue Mar 08, 2016 1:54 pm

Drewskers wrote:
Reub wrote: Is this anything to be concerned about? What about for GLD and PHYS holders?
The article I linked to at the top of this thread fully answers the question of whether it is a problem or not, specifically with respect to IAU and GLD. Read the article, it's short and concise!

As for PHYS, it's an apples and oranges comparison. PHYS is not an ETF, and is constructed so that purchasers always pay a premium for their gold exposure.

PHYS: Not A Gold ETF, And A BAD Deal
http://www.etf.com/sections/blog/7345-p ... nopaging=1
Yes, but you get the 15% tax treatment with PHYS.  Regardless of what this article says about it, the S1/prospectus has been reviewed by attorneys and the SEC and states 15%.  I own PHYS and will be filing 15% when I sell.
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Re: New Shares Of Gold Fund IAU Suspended

Post by azmat9 » Tue Mar 08, 2016 8:45 pm

Drewskers
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Re: New Shares Of Gold Fund IAU Suspended

Post by Drewskers » Wed Mar 09, 2016 12:06 am

Well there's a boatload of misinformation.
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