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To: re3 who wrote (51942)3/15/1999 9:36:00 AM
From: Eggolas Moria  Respond to of 132070
 
Usually trades around NAV, sometimes a little below, sometimes a little above.



To: re3 who wrote (51942)3/15/1999 10:06:00 AM
From: Tommaso  Respond to of 132070
 
I didn't check this morning, but it has been trading at a discount and rarely goes to a premium. Obviously it's the ideal vehicle for any time it gets very far away from exact NAV, for hedging bullion. I don't know if anyone does that but it seems like an obvious move--and would keep it pretty close. I wouldn't try it myself. I just own it to put a bullion presence in the overall portfolio.