Comments on: Counterparties http://blogs.reuters.com/felix-salmon/2010/05/21/counterparties-158/ A slice of lime in the soda Mon, 20 May 2013 18:04:12 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: RichardSmith http://blogs.reuters.com/felix-salmon/2010/05/21/counterparties-158/comment-page-1/#comment-15076 RichardSmith Fri, 21 May 2010 12:25:33 +0000 http://blogs.reuters.com/felix-salmon/?p=3946#comment-15076 PHYS vs GLD is apples and pears: PHYS is a closed-end fund and 100x smaller than GLD. So it looks as if all the paranoiacs about GLD are piling into PHYS instead - and overpaying for their gold via the huge premium to NAV. Compare COMEX ETF and GLD ETF instead: http://tinyurl.com/32yjafm. Hard to tell them apart. Oops, I have a feeling that was your point. PHYS vs GLD is apples and pears: PHYS is a closed-end fund and 100x smaller than GLD. So it looks as if all the paranoiacs about GLD are piling into PHYS instead – and overpaying for their gold via the huge premium to NAV.

Compare COMEX ETF and GLD ETF instead: http://tinyurl.com/32yjafm. Hard to tell them apart.

Oops, I have a feeling that was your point.

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