The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: patron_anejo_por_favor who wrote (22454)	11/25/2004 2:48:54 PM
From: ild	Read Replies (3) of 110194

<<<they buy the metal and stash it away>> Doesn't GLD do the same? The premium has disappeared so fast that if POG drops some $10 then CEF may well start to trade at a 5% discount. I don't think GLD will trade at a significant discount as it's easy to arbitrage -- create or redeem shares. IMO CEF's advantage is tax treatment on long term gains as it doesn't have a status of collectables (am I right?).

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