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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: IngotWeTrust who wrote (93128)	2/2/2003 11:40:40 AM
From: goldsheet	Read Replies (2) \| Respond to of 116769

> Degree of insanity depends upon retrospect perspective, wouldn't you agree? Yes, 20 year of history is enough perspective for me. > It went from discount to premium which you earlier noted had been done before Few and far between. CEF spent about 6 months at a premium in 1987, another 6 months in 1990, just over a year around 1993, and the current premium started just over a year ago. Other blips were short. Overall, it spent over 80% of the last 20 years at a discount. etfconnect.com > I suspect the premium will grow yet again from your observed 20% current level Premiums on closed end funds indicate demand exceeds supply, which means it is an ideal opportunity for the fund sponsor to offer more shares to buy even more gold and silver bullion. I suspect the sponsors will keep offering more shares as they have done in the last year. It increases their assets under management and the fees they can collect. Eventually, the premium will go away, it always has before. If I need gold or silver bullion I will get it directly from my local coin dealer closer to spot instead of paying $442 and $5.90 indirectly via CEF.