For what it's worth, GTU is at a .6% premium to net asset value. That represents a smaller spread than what you can get on coins.
http://www.gold-trust.com/asset_value.htm
I haven't seen the premium this low since I started watching the fund about a year ago. A premium of 4-6% has been about average. For those looking to migrate to the PP and are looking for a gold option, I think GTU is currently a very attractive vehicle.
GTU
Moderator: Global Moderator
Re: GTU
The GTU premium is now negative.
It's hiding in plain sight for anyone who is interested.
It's hiding in plain sight for anyone who is interested.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
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D
Re: GTU
What's wrong with GTU performance in general? Right now, GLD is +0.55% and GTU is +0.19%.
Re: GTU
I think PHYS is probably getting some of the action that GTU used to get.
Over time, I'm sure it will all even out, but right now may be a good GTU buying opportunity.
Over time, I'm sure it will all even out, but right now may be a good GTU buying opportunity.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”