SGOL

[modeljc]

Is there a way to find the premium or discount on SGOL before you purchase it?  Or maybe just don't worry about it.  Any help will be appreciated.

[Xan]

This seems to indicate a premium/discount.  I'm not 100% sure that's what we're talking about, but I don't know what else it could be.
http://www.morningstar.com/etfs/ARCX/SGOL/quote.html

[modeljc]

Xan

Morningstar does show a current Intraday Indicative Value that I have not seen before.  Thanks

[ochotona]

The expense ratio for SGOL is much higher than IAU

[Jack Jones]

It seems like the security is currently more expensive than the gold it holds:

https://www.etfsecurities.com/instituti ... -sgol-arca

[Jack Jones]

Eh, I think I got that wrong. You can see for yourself by clicking Download Data after clicking Premium / Discount chart:

https://www.etfsecurities.com/instituti ... ol-arca#16

Interestingly, on December 24th it traded at a 13.47% premium.

[Jack Jones]

What's the mechanism by which the price stays close to the price of gold? Is it just: people see it's trading at a discount and then buy it up?

[modeljc]

The expense ratio for SGOL is much higher than IAU

One of my heroes Pointedstick recently bought SGOL.

[dragoncar]

it's still subject to the collectibles tax rate, right?

[rickb]

What's the mechanism by which the price stays close to the price of gold? Is it just: people see it's trading at a discount and then buy it up?

It's an ETF - which means there's a group of Authorized Participants (not you) who can trade shares for the underlying investment, or vice versa, whenever they want for whatever reason they want.  If the share price drifts from the price of the underlying investment in either direction, the APs can make money by arbitraging the difference.  The actual mechanics are probably slightly more complicated in order to guarantee their results, but if the price drifts low they essentially buy shares, trade the shares for gold, and then sell the gold (which tends to increase the share price relative to the price of gold) - or the reverse if the price drifts high - making money in either direction.

[Jay-UMN]

Schwab shows the premium/discount for SGOL/GLD/IAU/etc.

[modeljc]

Schwab shows the premium/discount for SGOL/GLD/IAU/etc.

how do you get this if you don't have a Schwab account.  Any other source?

[Jay-UMN]

1) Go to Schwab.com
2) bottom of page type in ticker click quote
3) Under 'Symbol', click on the hyperlink of the ticker
4) On the right hand side, premium/discount is a point of information in the table of Details.

[modeljc]

Thanks.

1) Go to Schwab.com
2) bottom of page type in ticker click quote
3) Under 'Symbol', click on the hyperlink of the ticker
4) On the right hand side, premium/discount is a point of information in the table of Details.

[modeljc]

The premium or discount shown is from the day before.  I looking for a link that has the current NAV and current price in real time.

Thanks.

1) Go to Schwab.com
2) bottom of page type in ticker click quote
3) Under 'Symbol', click on the hyperlink of the ticker
4) On the right hand side, premium/discount is a point of information in the table of Details.

[modeljc]

So far the morningstar site appears to have the best current premium or discount.