"We cannot expect that all nations will adopt like systems — for conformity is the jailer of freedom, and the enemy of growth. But however close we sometimes seem to that dark and final abyss, let no man of peace and freedom despair. For he does not stand alone. If we all can persevere, if we look beyond our own shores and ambitions, then surely the age will dawn in which the strong are just and the weak secure and the peace preserved."
John F Kennedy, Address to U.N., September 25, 1961
Why do CEF and GTU carry such a premium over Net Asset Value?
Because this is the premium people are willing to pay for what they perceive to be 'real bullion' versus 'paper bullion.'
GLD tends to have a negative premium because it is a vehicle for traders, and particularly short sellers.
Deviations from NAV in themselves mean little, if the deviation is steady. It is in the fluctuations that information, and opportunities, are discovered.
