Central Fund of Canada Limited (USA) (CEF)

It's election time. They are revving up the printing press, time to own some real money.

oh canada!

CEF is going all in from $2.7B with record gold prices and adding another billion by having the COMEX honor the Physical Delivery.....
Kudos to John Embry for taking matters into his own hands.

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.

Binve: 98.10 - Yes man.

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.

CEF - Central Fund of Canada. Gold is going up! Silver is going up! I like Silver a lot more than I like Gold, because the current ratio is way off from its historic ratio. Right now the Gold/Silver ratio is ~50:1, where as historically it is more like ~20-10:1. Gold has a long way to run (see below) and Silver has even farther to run. The beauty of this fund is: 50% gold / 50% silver, rigorous auditing, and it is held in Canada! TMFSinchiruna is the most ardent propent of CEF and I agree 100%.

Gold and Silver - Relationship to the USD
Gold and Silver are money. Most people think they are commodoties, which is not inaccurate. To some degree they are; Gold is a reasonably useful industrial material, and silver is a highly useful industrial material. But gold and silver's value is because they have respresented wealth for so long. They are money, and they have value because they are non-dilutive.

Why is Gold and Silver going up? The question is incomplete. The complete question is why is gold and silver going up relative to the US Dollar. Remember, gold and silver are money. And like any form of money it must be valued relative to other currencies. Gold and Silver are going to continue their rise (in terms of USD) because of the extremely inflationary actions of the FED and the current government (and most likely the next government as well). It is a very sad and very unfortunate fact that the USD is being debased and devalued by the current government's fiscal policy. The US Dollar Index is on a very steady decline. There is no reason for it to rise in the current environment. The FED is printing money and trying to inflate the US out of its current economic dilemma. In order to make any kind of dent in inflation The FED has to take a much tougher stance. ... Their most recent "tough talk" on inflation... "We may not cut interest rates next meeting, and it might stay at 2% for the next serveral sessions"... Wow, that is the FED being "hawkish" on inflation. Meanwhile liquidity is being pumped into the system and the dollar is being devalued.

The recent gold and silver correction has provided a good buy-in opportunity. It is already on it's way out of the correction, having made up >50% of its retracement already. It is not too late yet. Once gold goes back over $1000 again, there is nothing on the horizon to hold it back. The FED has made it clear that dealing with inflation takes second seat to proping up the financial system. Unless something drastic (such as a major rise in interest rates) occurs, gold and silver will keep rising.

Gold at its highest in years. Great long time investment for holding bullion

Physical gold and stored outside the US as a hedge play

If you must buy a Precious Metal ETF, this is the ONLY ETF you can safely consider. The others eg. GLD, SLV though possibly having a larger following are Not Safe!

UP is a nice dearERECTION

Gold gold gold. It's going back up over 700. Despite CEF buying more bullion now, it has room to grow.

Canadian trust holds gold and silver bullion in Canada.

Because currency is just paper.

Inflation Hedge

Gold, Gold, Gold, everyone is buying it!!!

best way to own gold and silver..

Logic.

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.

Waiting on the precious metals explosion...