"Pekin Singer Strauss Asset Management, investment advisor to Appleseed Fund and to high-net-worth individuals, is supporting a move to amend the redemption mechanism of Central GoldTrust ( GTU ) , a Canadian-based closed-end fund that owns and holds physical gold bullion. "
https://screener.fidelity.com/ftgw/etf/ ... ____BW5799
They want to allow redemption in gold at 100% of net asset value, or 95% for cash. Anyone who bought at a discount of more than 5% would obviously be very happy with such a change.
This would be a big win for GTU holders
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Libertarian666
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Pointedstick
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Re: This would be a big win for GTU holders
Sounds like the kind of thing that will be arbitrated to death and eventually end the existence of a discount.
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Libertarian666
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Re: This would be a big win for GTU holders
Yes, that's exactly the point.
And in totally unrelated news, the discount is very near 5% at the moment...
And in totally unrelated news, the discount is very near 5% at the moment...