5. Unlike GLD and other gold/silver ETFs, CEF owns physical metal and is required to be 90% invested at all times. It is the next best thing to owning physical gold, which I have no desire to do, for a number of reason. Plus, it's been around since 1961, much longer than the other precious metal ETFs.
I told my daughter about this fund she is using it for Ira and 401k investments.
Is this how you are using the fund?
I see. I’m wondering how you get any dividends out of an investment like that. If they own physical gold and silver, how do they generate income other than through sales of the metals?