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Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.23+3.7%Nov 28 4:00 PM EST
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To: long-gone who wrote (93144)2/2/2003 10:00:39 PM
From: goldsheet  Read Replies (2) of 116779
 
<<One can calculate exactly the NAV (net asset value)
It is beyond me why anyone would pay a big premium. >>

<Unless they believe the fund's assets - bullion - is going to increase in value above price paid >

Duh, then just buy the bullion at spot instead !!
You get more ounces per dollar than you would in
a closed end fund selling at a 21% premium to NAV.
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