"When we are the victims of an illusion we do not feel it to be an illusion but reality. It is the same with evil. Evil when we are in its power is not felt as evil but as a necessity, or duty. Once a certain group of people has been placed outside the ranks of those whose life has value, then nothing comes more naturally than murder. As soon as men know they that they can kill without fear of punishment or blame, they kill; or encourage killers with approving smiles." Simone Weil
GLD and SLV generally trade at a slight discount to spot because of their management fes. They are also used for arbitrage plays.
The premium on GTU is substantial as a result of the recent rally in gold. Personally I would not buy it at that level of premium preferring other investments.
