SIVR had the best performance this week with an 8.9% rise. But we can't just keep singing the praises of silver so we happily turn to the Central Fund of Canada Limited (CEF) in place position. CEF finished the week up 5.8% at $20.89 which looks to me like an all time high.
CEF is a Canadian closed-end fund. In business since 1961, CEF started out as a more typical fund holding a variety of precious metal related investments. Now CEF simply stores and safeguards gold and silver bullion in vaults on behalf of their investors. The CEF schedule of investments is as follows: gold- 45.6%, silver- 52.7%, cash and other- 1.7%. Right now the shares are trading at a 9% premium to net asset value, on the high side reflecting the strength of the precious metals. Here's a link to their website if you want to learn more.
Canadian company that passively holds gold and silver bullion which are both priced worldwide in U.S. Fund of Canada is an Alberta based Canadian company that passively holds gold and silver bullion which areand silver bullion which are both priced worldwide in U.S. dollars.Central Fund of Canada is an Alberta based Canadian company that passively holds gold and silver bullion which are both priced worldwide in U.S. dollars.Central Fund of Canada is an Alberta based Canadian company that passively holds gold and silver bullion which are both priced worldwide in U.S. dollars.Central Fund of Canada is an Alberta based Canadian company that passively holds gold and silver bullion which are both priced worldwide in U.S. dollars.Central Fund of Canada is an Alberta based Canadian company that passively holds gold and silver bullion which are both priced worldwide in U.S. dollars.Central Fund of Canada is an Alberta based Canadian company that passively holds gold and silver bullion which are both priced worldwide in U.S. dollars.Central Fund of Canada is an Alberta based Canadian company that passively holds gold and silver bullion which are both priced worldwide in U.S. dollars.Central Fund of Canada is an Alberta based Canadian company that passively holds gold and silver bullion which are both priced worldwide in U.S. dollars.iced worldwide in U.S. dollars.Fund of Canada is an Alberta based Canadian company that passively holds gold and silver bullion which are both priced worldwide in U.S. dollars.

2 comments:
I have thought of CEF numerous times, but cannot get past the premium. How can buying CEF be a better investment than equally dividing the investment between GLD and SLV?
Thanks,
JCarroll
Hello J-- There have been serious online discussions about whether GLD and SLV actually have all the metals they claim. Perhaps, maybe even likely, it's much ado about nothing, but I steer clear of these two. I have PHYS, SGOL, SIVR AND CEF because I don't see the same concerns expressed about them and their prospectus, etc are more direct. Not trying to convince you there's a problem with GLD/SLV but compare CEF annual reports, etc with GLD and see which one you understand better. Also, CEF premium to NAV is variable. I think I saw it near 4% not long ago which imo is not a bad fee for the services they provide.
Enid
Post a Comment