Sprott to acquire CEF

Discussion of the Gold portion of the Permanent Portfolio

Moderator: Global Moderator

Post Reply
User avatar
dualstow
Executive Member
Executive Member
Posts: 14235
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

Re: Sprott to acquire CEF

Post by dualstow » Thu Mar 09, 2017 2:56 pm

Got rid of my CEF today. I guess I'll buy IAU.
RIP Daniel Kahneman | Happy Good Friday
User avatar
Maddy
Executive Member
Executive Member
Posts: 1694
Joined: Sun Jun 21, 2015 8:43 am

Re: Sprott to acquire CEF

Post by Maddy » Thu Mar 09, 2017 5:43 pm

Dualstow, would you please elaborate? I'm not familiar with Sprott or what this may mean.
User avatar
dualstow
Executive Member
Executive Member
Posts: 14235
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

Re: Sprott to acquire CEF

Post by dualstow » Thu Mar 09, 2017 6:02 pm

Maddy wrote:Dualstow, would you please elaborate? I'm not familiar with Sprott or what this may mean.
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. :)

I'll leave it to Libertarian666 to elaborate on why he doesn't trust them.
RIP Daniel Kahneman | Happy Good Friday
Libertarian666
Executive Member
Executive Member
Posts: 5994
Joined: Wed Dec 31, 1969 6:00 pm

Re: Sprott to acquire CEF

Post by Libertarian666 » Thu Mar 09, 2017 6:48 pm

dualstow wrote:
Maddy wrote:Dualstow, would you please elaborate? I'm not familiar with Sprott or what this may mean.
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. :)

I'll leave it to Libertarian666 to elaborate on why he doesn't trust them.
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?
User avatar
BearBones
Executive Member
Executive Member
Posts: 689
Joined: Sat Sep 18, 2010 4:26 pm

Re: Sprott to acquire CEF

Post by BearBones » Sun Nov 12, 2017 11:34 am

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
Libertarian666
Executive Member
Executive Member
Posts: 5994
Joined: Wed Dec 31, 1969 6:00 pm

Re: Sprott to acquire CEF

Post by Libertarian666 » Sun Nov 12, 2017 3:30 pm

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
"Commoners" (Class A shareholders) get to vote on this, so it does matter.

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.
boglerdude
Executive Member
Executive Member
Posts: 1313
Joined: Wed Aug 10, 2016 1:40 am
Contact:

Re: Sprott to acquire CEF

Post by boglerdude » Thu Feb 01, 2018 4:07 am

Post Reply