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$10.85 -0.70 (-6.04%)
10/10/2008 4:00 PM

Central Fund of Canada Limited (USA) (CEF)

CAPS Rating:
*****

Provides an investment alternative for investors interested in holding marketable gold and silver related investments. Invests primarily in long-term holdings of gold and silver bullion.

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Avatar Lammergeier40 (99.17) Submitted: 1/29/08 6:22 AM : Underperform Start Price: $11.48 CEF Score: -27.33

This is the first closed-end fund to offer small investors an easy way to own gold (and silver) bullion. In exchange for the convenience of owning shares in street name (as opposed to bars of metal for which one must pay storage fees), CEF charges a small MER. When gold & silver were in disrepute, investors also incurred a discount to NAV. But lately there's a 3-10% premium to NAV, which makes little sense. But mostly, I think precious metal prices are in bubble land.

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Avatar ChrisThanx (77.75) Submitted: 3/25/08 5:07 PM

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bubble land? time might vindicate you, let's hope you stay solvent in the meantime. OR how about get out while you can and leave the top-picking to some other poor fool? picking tops and bottoms is the hardest job on wall st, why must everyone apply?

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Avatar Entrepreneur58 (96.13) Submitted: 4/02/08 11:27 AM

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I have watched CEF since the early 1990's and it has sold at a premium to asset value at least 95% of that time.

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