Central Fund of Canada Limited (USA) (NYSEMKT:CEF)

CAPS Rating: 3 out of 5

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.


Player Avatar kurtdabear (33.65) Submitted: 8/23/2013 11:58:52 AM : Outperform Start Price: $16.20 CEF Score: -51.76

There may be another dip or two ahead in gold and silver before precious metals begin a push toward new highs, but we should be close enough to a bottom to start averaging into CEF. This closed-end precious metals holding fund that has an unblemished history going back more than half a century. CEF holds all of its inventory in secured vaults, and its holdings are audited regularly. This single fund gives you 50/50 exposure to gold and silver, is highly liquid, and will not issue new shares unless they are non-dilutive to existing holders. It also has recently been selling at a discount to new asset value, which is rare for this security.

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