I'm dumping 1/3 of my GLD position and buying more VGPMX with the proceeds. VGPMX has hardly participated at all in the painful selloff of the PM's over the last nine weeks. I think that they diversified out of gold/silver and into uranium, etc. I'm hoping that, when the $US finally turns down again, that VGPMX will participate fully in the PM runup.
Besides, Dan, your barrage of posts about GLD's bullion holdings is having its intended effect. It's turning me into a nervous wreck. I've bitten my fingernails down to the first knuckle, my hair is falling out, and I've developed a twitch in one eye. I hope you're happy...
Hard work often pays off over time,
but laziness always pays off right now.