Spikes in Premium on PHYS

Discussion of the Gold portion of the Permanent Portfolio

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sophie
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Re: Spikes in Premium on PHYS

Post by sophie » Fri Jan 17, 2020 7:28 am

stuper1 wrote:
Tue Jan 14, 2020 6:20 pm
The premium went up last year for a couple weeks in January, so I've been keeping an eye on it, hoping for something similar this year. I still have no idea why that would be. Do people like to transact gold in January for some reason?
Just wanted to thank you guys for alerting me that the PHYS discount had evaporated. I sold it at a very slight premium (+0.01%) and replaced it with AAAU - which had a slight discount of -.10% No tax implications, it was in a Roth.

I suppose I could have waited for a better premium spread, but in the meantime the higher ER of PHYS would probably nibble that away. The discount now stands at -0.08%, so there's still time to act if anyone wants to do that.
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