This would be a big win for GTU holders
Posted: Wed Feb 18, 2015 9:17 pm
"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.
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.