Stockchase Opinions

Peter Brieger Central Fund of Canada Ltd (A) CEF.A-T COMMENT Jun 26, 2017

He likes gold, and this is a very easy way to play bullion, both silver and gold. Unlike some of the US ETF’s, where there was a question mark about security of delivery, this company’s funds are stored at King and Bay, and is not lent out. A very conservative way to play bullion.

$16.290

Stock price when the opinion was issued

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PAST TOP PICK

(A Top Pick Oct 21/13. Down 8.7%.) Feels everybody should have some gold in their portfolio. Eventually the Chinese will lead gold higher.

TOP PICK

This is just bullion, gold and silver stored. A good play just on the commodity itself. 50% gold and 50% silver.

BUY

Silver and gold have strong seasonality until the beginning of March. This is a good fund for playing gold and silver.

PAST TOP PICK

(Top Pick Feb 24/14, Down 8.13%) Just continue to hold it. Gold is basing around $1176. It should range up to $1280 or $1300.

PAST TOP PICK

(A Top Pick July 28/14. Down 4.42%.) A closed-end gold bullion and silver fund. Feels that gold has probably bottomed.

BUY

Buying silver or gold bullion with the Cdn$? Any Canadian buying US$ is going to wince. You also risk potential of a foreign exchange hit down the way. However, he would probably buy gold bullion now, through this fund.

TOP PICK

This is gold bullion and a good way to buy bullion. He wants to hedge any possible decline in the Cdn$.

TOP PICK

A gold and silver bullion fund located in Canada. The gold and silver is in the vault. There is no hedging or paper sold against it, so you don’t have the risk. One of the potential benefits to the gold price is the short squeeze in bullion. On top of that you have the producers having great discipline because of what they went through during the gold price collapse. You have Central Bank buying and people who want to preserve wealth management. There is a forthcoming supply/demand imbalance coming because of the declining supply from mines. Dividend yield of 0.07%.

COMMENT

This fund has traditionally sold at a discount to the price of gold contained in the fund.