Central Gold Trust (GTU): Easy way to hold gold in IRA/Non-IRA
advalorem
Posts: 227
I prefer Central Gold Trust (symbol: GTU) for holding bullion. GLD and SLV are exchange-traded funds that offer an investor to sell covered calls and buy protective puts on their holdings. Many articles have discussed concerns about the actual holdings within the GLD and SLV framework.
This site Central Gold Trust (Symbol: GTU) provides an overview of a pure-play CEF on gold.
Their website Gold-Trust Home Page has more of the specific info that one needs to be aware of.
As of today, GTU is trading at an 8% premium to net-asset-value (NAV), and this can be substantially higher. Make sure to buy at a reasonable cost-per-share to "net-asset-value". Securities like GTU & CEF (which holds silver in addition to gold) will offer a secondary offering and the stock price will come back down to its NAV.
This site Central Gold Trust (Symbol: GTU) provides an overview of a pure-play CEF on gold.
Their website Gold-Trust Home Page has more of the specific info that one needs to be aware of.
As of today, GTU is trading at an 8% premium to net-asset-value (NAV), and this can be substantially higher. Make sure to buy at a reasonable cost-per-share to "net-asset-value". Securities like GTU & CEF (which holds silver in addition to gold) will offer a secondary offering and the stock price will come back down to its NAV.
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Reference: Coin Links
Reference: Coin Links
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