Internet2k4

The Safest Ways to Invest in Gold and Silver

I don't understand the premium to NAV for GTU over GLD. I've been in and out of GLD for years, and it always tracks close to the spot price for bullion. Lately I'm using the double-long/short ETFs instead, which are volatile by design, but what is it with the huge markup for a trust that simply holds the metal? Do they spin it from straw, like Rumpelstiltskin?

As I write, GTU is up 10.75% today while GLD is up only 1.17% (?)