Gyroscopic Investing

"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.

Sounds like the kind of thing that will be arbitrated to death and eventually end the existence of a discount.

Yes, that's exactly the point.

And in totally unrelated news, the discount is very near 5% at the moment...