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SGOL
Posted: Wed Jan 06, 2016 12:30 pm
by 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.
Re: SGOL
Posted: Wed Jan 06, 2016 12:32 pm
by 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
Re: SGOL
Posted: Wed Jan 06, 2016 12:39 pm
by modeljc
Xan
Morningstar does show a current Intraday Indicative Value that I have not seen before. Thanks
Re: SGOL
Posted: Wed Jan 06, 2016 1:17 pm
by ochotona
The expense ratio for SGOL is much higher than IAU
Re: SGOL
Posted: Wed Jan 06, 2016 1:23 pm
by Jack Jones
It seems like the security is currently more expensive than the gold it holds:
https://www.etfsecurities.com/instituti ... -sgol-arca
Re: SGOL
Posted: Wed Jan 06, 2016 1:40 pm
by 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.
Re: SGOL
Posted: Wed Jan 06, 2016 1:42 pm
by 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?
Re: SGOL
Posted: Wed Jan 06, 2016 3:09 pm
by modeljc
ochotona wrote:
The expense ratio for SGOL is much higher than IAU
One of my heroes Pointedstick recently bought SGOL.
Re: SGOL
Posted: Wed Jan 06, 2016 5:00 pm
by dragoncar
it's still subject to the collectibles tax rate, right?
Re: SGOL
Posted: Wed Jan 06, 2016 5:06 pm
by rickb
Jack Jones wrote:
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.
Re: SGOL
Posted: Thu Jan 07, 2016 9:35 pm
by Jay-UMN
Schwab shows the premium/discount for SGOL/GLD/IAU/etc.
Re: SGOL
Posted: Fri Jan 08, 2016 11:46 am
by modeljc
Jay-UMN wrote:
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?
Re: SGOL
Posted: Sun Jan 10, 2016 10:31 pm
by 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.
Re: SGOL
Posted: Tue Jan 12, 2016 8:27 am
by modeljc
Thanks.
Jay-UMN wrote:
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.
Re: SGOL
Posted: Tue Jan 12, 2016 9:55 am
by 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.
modeljc wrote:
Thanks.
Jay-UMN wrote:
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.
Re: SGOL
Posted: Tue Jan 12, 2016 10:00 am
by modeljc
So far the morningstar site appears to have the best current premium or discount.