Why We're Dodging These 3 Gold CEFs (Even With Gold Soaring)
1. ASA Gold is outperforming gold CEFs this year, benefiting from economic uncertainty. 2. Despite a strong 2023, long-term prospects for ASA are questionable. 3. Gold funds yield poorly, with ASA offering only 0.2% income. 4. Historical performance shows ASA has underperformed compared to other gold investments. 5. ETFs are more favorable for long-term gold investing than CEFs.