Sprott to acquire CEF

[dualstow]

Got rid of my CEF today. I guess I'll buy IAU.

[Maddy]

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

[dualstow]

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.

[Libertarian666]

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?

[BearBones]

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]

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]

Merger complete

http://markets.businessinsider.com/news ... 1013112803