Sprott to acquire CEF
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- dualstow
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Re: Sprott to acquire CEF
Got rid of my CEF today. I guess I'll buy IAU.
9pm EST Explosions in Iran (Isfahan) and Syria and Iraq. Not yet confirmed.
Re: Sprott to acquire CEF
Dualstow, would you please elaborate? I'm not familiar with Sprott or what this may mean.
- dualstow
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Re: Sprott to acquire CEF
I simply have too much of my ETF gold in Sprott, Maddy. This is because I owned PHYS and GTU, and one took over the other. (Sprott). I don't think they're so terrible, but I want to diversify with SGOL and IAU. Hopefully Sprott won't acquire every last competitor.Maddy wrote:Dualstow, would you please elaborate? I'm not familiar with Sprott or what this may mean.
I'll leave it to Libertarian666 to elaborate on why he doesn't trust them.
9pm EST Explosions in Iran (Isfahan) and Syria and Iraq. Not yet confirmed.
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Re: Sprott to acquire CEF
They have a habit of asking courts to overturn trust governance agreements, which I disapprove of on moral grounds. Also, as a practical matter, if they did that to the previous management of GTU, why wouldn't they do it to their shareholders if it appeared profitable?dualstow wrote:I simply have too much of my ETF gold in Sprott, Maddy. This is because I owned PHYS and GTU, and one took over the other. (Sprott). I don't think they're so terrible, but I want to diversify with SGOL and IAU. Hopefully Sprott won't acquire every last competitor.Maddy wrote:Dualstow, would you please elaborate? I'm not familiar with Sprott or what this may mean.
I'll leave it to Libertarian666 to elaborate on why he doesn't trust them.
Re: Sprott to acquire CEF
Not sure how much it will help for us commoners, but here is link to vote. Due by 11/28/17.
http://www.centralfund.com/2017%20Special%20Meeting.htm
http://www.centralfund.com/2017%20Special%20Meeting.htm
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Re: Sprott to acquire CEF
"Commoners" (Class A shareholders) get to vote on this, so it does matter.BearBones wrote:Not sure how much it will help for us commoners, but here is link to vote. Due by 11/28/17.
http://www.centralfund.com/2017%20Special%20Meeting.htm
I'm no longer a shareholder of any kind, which is probably why I didn't get a notice of this. But my mother is, so I need to try to understand it to tell her how to vote.
BTW, I wonder if Sprott has a picture of the existing management doing something unsavory? That's the only explanation I have for their turnabout.
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