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  "notes": "Uses a quote from ASA filings to highlight the contradiction between stated intent and actual behavior.",
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      "text": "\"The Company may from time to time purchase its common shares at a discount to NAV on the open market in such amounts and at such prices as the Company may deem advisable.\"",
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      "text": "Shares Repurchased and Widest Discount by year (2019-2023)",
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      "text": "Merk's Biggest Concern Appears to Be the Fees Paid on the Fund's AUM",
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