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<p>[QUOTE=&quot;Cloudsweeper99, post: 1249362, member: 3011&quot;]It&#039;s important to understand what you own and why.&nbsp; The mining companies haven&#039;t done as well as the metal.&nbsp; I&#039;ve read two reasons for this.&nbsp; One is that a lot of the money that used to go into the miners is going into the GLD and SLV.&nbsp; The other is that the miners typically lag the bullion price but go up more on a percentage basis over the full cycle.&nbsp; CEF is good but as a closed-end fund, the premium or discount fluctuates, and not necessarily in the same direction as the metal.&nbsp; Also, CEF is a PFIC so if you don&#039;t have it in a tax deferred fund, you will have to file form 8621 and make a QEF election, otherwise the tax on your gain becomes 100% if you are audited.</p><p><br /></p><p>That said, I&#039;m a believer in diversifying in the manner you suggest.&nbsp; Just make sure you understand what you buy since these things don&#039;t come with instruction manuals.[/QUOTE]</p><p><br /></p>

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