Friends, I wrote before wondering why the premium to NAV for CEF was so much higher (over 8% or so) than GTU (4.5%). As I was researching I came across an article that indicated that new shares get offerred and they then buy gold by issuing shares when the premium is high with the premium taking a crash and then making its way higher shortly thereafter. IF that is true, then you may want to keep your eyes on CEF and if you think gold/silver will go higher (holds 60% gold/40% silver) you may want to buy some. Note the following: 11/16 premium to NAV was 8.1% 11/17 closes on share offerring; premium around 7% 11/18 4.9% premium to NAV Two other things I am considering. The gold is held outside the US (Canada) which is good and I believe it is a passive investment for tax purposes which means that you don't get hit with the higher tax rate like you would otherwise for GLD If any of you have any thoughts on this would love to know it