deuxsous

ASA Limited: A Golden Opportunity

Two other comments on ASA:

1. It is one of the most tax-efficient funds of the past ten years, meaning that very little tax has had to be paid on it relative to returns. Thus there is no real need at all to hold it in a tax-deferred fund, compared to CEF which is taxed as a "collectable" at highest US income tax rates.
See Morningstar: quicktake.morningstar....

2. Those of us who have been gold investors since the 1960's remember ASA fondly as an old friend and one of the few legal ways one could get off-shore gold exposure in the 1960's and 1970's. They were the pioneers and have performed well for 50 years.

ASA Limited: A Golden Opportunity

ASA has outperformed CEF both on a price only and on a total return basis (with dividends reinvested) over both the last ten and twenty years.