I just posted the following on Peter's blog but doubt many will go through 5o messages to read mine and answer whereas I know someone here will ....so here goes....what say you?

CEF/GTU: Question for the board that seems puzzling to me. Obviously I am missing something. Both of these funds are administered in Canada, are closed end funds and do hold gold. Many “guru’s” feel they are safer than GLD/SLV for that very reason. However there is a difference in their premium to NAV (net asset value) which seems odd to me and make it seem like one should be buying GTU instead given that gold is moving much higher than silver. See below:

CEF Holds 60% gold and 40% silver; trades at around an 8% premium to NAV

GTU Holds 100% gold ; trades currently around a 4% premium

Seems like GTU is thus the better buy....thoughts here?