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While ASA has seen short-term gains, the article emphasizes historical underperformance, indicating potential future declines.
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ASA Gold is outperforming gold CEFs this year, benefiting from economic uncertainty. Despite a strong 2023, long-term prospects for ASA are questionable. Gold funds yield poorly, with ASA offering only 0.2% income. Historical performance shows ASA has underperformed compared to other gold investments. ETFs are more favorable for long-term gold investing than CEFs.
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