Central Fund of Canada Limited (USA) (CEF)

Canadian trust holds gold and silver bullion in Canada.

What I use in place of a money market fund.

This account tracks the performance of newly minted 4 star stocks - 3 star stocks that recently turned in to 4 star stocks.

Gold

Logic.

It pains me, but i have to say i have lost all faith in the good ol USD. Either we inflate our way out of our debt, or disaster strikes. If the former, i preserve a little wealth. If the latter, i imagine ill have bigger problems than my portfolio.

Silver is way undervalued. Take advantage of coming run up in prices with a fund which is backed by actual physical precious metal inventory. It's there - in a vault. It's the real deal , not smoke and mirrors.

Ag/Au

Because currency is just paper.

Physical gold and stored outside the US as a hedge play

As with GLD, I also expect gains from CEF; but unlike GLD, CEF holds both gold and silver. While I remain bullish on gold, I fear that silver won't catch up and this could weigh on CEF's performance. Nonetheless, I'll hold for the next few years and take whatever gains this stock brings.

If you believe in impending inflation, then you believe in CEF.
I'm a big fan of TMFSinchiruna/Christopher Barker, so its no surprise I've come to like this stock. Here are some well-thought and well-stated reasons, laid out much better than I could hope to do myself...
http://www.fool.com/investing/general/2009/04/03/an-asset-more-precious-than-gold.aspx
http://www.fool.com/investing/general/2008/12/31/gold-will-be-fine-in-2009.aspx
http://caps.fool.com/Blogs/ViewPost.aspx?bpid=200839&t=01006124249416869148
http://caps.fool.com/Blogs/ViewPost.aspx?bpid=204932&t=01006124249416869148

Well once again this is a Defensive Play , To help cover for inflation, thus Gold is the Hedge . This is a good place to start with the Pure Gold Holding for a longer term hold.

We are going to have inflation. I expect the stock market, in general, to get hammered. Tangible assets (IE gold) will weather the storm better than the stock market.

Inflation

Fool article rec; gold should hedge inflation

Central Fund of Canada Limited (USA) 
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.
$12.59 0.30 (+2.44%)
5/29/2009 1:10 PM
Caps 3*, 237/16 all stars

Bive 98.10 .(AllStarPortfolio pick )
Inflation is the long term problem to be dealt with. The Fed has stated many times it will combat deflation by any means necessary (printing money). The QE shock earlier this year was only the opening salvo. Gold / Silver are the best monetary inflation hedges. CEF is 50% Gold / 50% Silver, rigorous auditing, smart managment (well timed bullion purchases relative to NAV, non-dilutive offerings), and in Canada! See TMFSinchiruna's blogs and articles for the best writing on this fund."
(personally I would wait to buy if it hits $8-$10 range because in this market I prefer stocks at 1/3 or so of 52 week high for possible bounces then exit)

Current Price $12.59 Mkt Cap $2.27B
Open $12.84 P/E Ratio 3.56
Prev. Close $12.29 Div. (Yield) 0.01 (0.10%)
Daily Range $12.50 - $12.84 Volume 917,658
52-Wk Range $7.76 - $14.40 Avg. Daily Vol. 917,000
Beta (3 year) -0.03
Share Related Items
Mkt Cap (Mil) 1,873.68
Shares Out (Mil) 152.47
Float (Mil) 0.00
Dividend Information
Yield % 0.10
Annual Dividend 0.01
Payout Ratio N.A.

Gold and Silver!!!

Maybe not outperform stock market but it will hold its own value (hedge) against the inevitable inflation/devaluation of most major currencies. Just like the strong earning companies and quality real estate out there, gold is a definite longterm "buy and hold" pillar of a portfolio. These CEF guys can hold on to it for me.