silas marner, I agree about the attractiveness of CEF. They have been around since the early 60s, and as stated in their shareholder reports make regular field trips to visit their gold and silver and take their auditors with them.
CEF is a closed-end fund however, not an ETF. So they are under no obligation to tender their holdings in the manner theoretically available to shareholders under an ETF share redemption procedure.
rmaring478, I would say the big difference is the ability to trade SPY intraday. You can like it or hate it, and be in and out of it however you want to scale your position, as many times as you want during market hours.
It is inspiring to see how many folks believe it is their patriotic duty to go long at this level and volunteer to absorb more of the economy's de-leveraging in their own accounts.
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CEF is a closed-end fund however, not an ETF. So they are under no obligation to tender their holdings in the manner theoretically available to shareholders under an ETF share redemption procedure.
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Phony gold is fraud regardless of the apparent strength of the counterparty minting it, and the Comex harms its brand by not policing the abuse; and
Commodity speculation of any kind is not a suitable activity for FDIC insured banks.
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