Re: Sprott to acquire CEF
Posted: Thu Mar 09, 2017 2:56 pm
Got rid of my CEF today. I guess I'll buy IAU.
Permanent Portfolio Forum
https://www.gyroscopicinvesting.com/forum/
https://www.gyroscopicinvesting.com/forum/viewtopic.php?t=8972
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.
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.
"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