alandwd
11 May 2018
Re: Over 30% discount to NAV!! The gold chart is looking really good this year. In fact, when you compare the 1970s chart to the last 15 years, it looks very similar. Could there be a big run up soon?
Taddish
11 May 2018
Over 30% discount to NAV!! NAV now 39.05p - talk about Uber the radar. And the gold chart looks promising, especially in sterling.
Taddish
09 May 2018
Re: 27% discount to NAV!! Yes, exercising of warrants is something to be aware of once the SP gets well into the 40's. Right now it would be nice to have that problem!
alandwd
09 May 2018
Re: 27% discount to NAV!! I still like the look of this, gold could well be beginning phase 2, just like the late 70's. One thing to consider though is the warrants, if the share price rose a lot, the warrants would be a drag on performance. I continue buying...
Taddish
09 May 2018
27% discount to NAV!! nm
Taddish
05 Jun 2017
Re: Gold mining Trust should be good, bu... Clearly the direction and price of gold is the most important factor. And I'm bullish on gold again largely due to the growing uncertainty surrounding the Trump administration. Markets have remained high but that support may evaporate if uncertainty increases - Various factors this week are likely IMO to undermine confidence in Trump and Washington. Also Deutsche Bank is admitting to having rigged the silver market in collusion with several other banks, so maybe that could also have a positive impact on POG if the "spoofers" are spooked!Tad.
Peter the Red
04 Jun 2017
Re: Gold mining Trust should be good, but is... Hi jd1980,I just compared the performance charts of this Investment Trust against the MFM Junior Gold Unit Trust. The Investment Trust did better over 1 year and 5 years, but the Unit Trust did slightly better over 3 years.The GPM Investment Trust also has the advantage of giving a discount at present of 16% off the underlying shares. No such discount available on (any) Unit Trust.Of course, neither trust will do well unless small gold miners do well.
jd1980
02 Jun 2017
Gold mining Trust should be good, but is it? I keep looking at this as a good gold alternative investment. I'm thinking I can buy this and gain diversification among smaller gold miners - avoiding the single Company risk. But to be honest every time i seriously review it - it just looks like a bad IT. Can anyone offer a reason to buy and hold for the 'so called inevitable crash and flood into PM's'?
alandwd
24 Jan 2017
Sharia Council Yep, strange title but on Sunday they announced that gold is now a valid investment for Islam. Whether you believe in religion or not, a lot of people suddenly have religious approval to buy and hold gold. Be interesting to see what that does to the gold price in the future.I'd say that and any time this trust drifts back out over 16% is a good time to drip some in.
alandwd
06 Oct 2016
Re: Price movements I fortunately managed to close my eyes and keep dripping some in, so now it doesn't look so disastrous as it did in 2014. Decent discount and still a great way to get exposure to the precious metals miners. I'm thinking it's time to drip some into solid gold again too.
Taddish
22 Sep 2016
Price movements Seems that the SP of GPM lags the change in NAV. Take yesterday and today for instance. TheSP hardly moved despite a cracking day for PM miners yesterday and again this morning. The. Comes daily RNS showing a 3p rise in NAV yesterday. The price is starting to rise as volume increases but discount to NAV is now a whopping 20%.I took advantage yesterday and today Tad
investorprotestor
12 Jun 2015
Re: asset value 50p "20% plus upside on todays value. "Or a 50% downside. Not quite the 10p as predicted by mois but it is hurtling towards it. Stay away until capitulation. Also I never really trusted these - you would be better off with a combo of BRGG and Junior Gold - if you are so inclined. However, wait for sub $1100 gold before dipping the toe. AIMHO
