With gold prices having retreated and with inflation in the air, gold is a great hedge for all the “what ifs” out there. This fund holds 35 different blue chips and the fund is currently trading at a 15% discount to the NAV of the holdings within it.
He typically avoids mutual funds and prefers individual stocks, but as a closed-end fund, this has a limited number of securities. It is a basket of the gold miners. Owning gold in this environment with the heightened geopolitical risks, prepares your portfolio for the unexpected. Owning gold miners makes a lot of sense. As a closed-end fund, there are limited shares, and the fund will move up and down at a premium or discount to its NAV. Right now, this is trading at a 9% discount to its NAV. Closed end funds uses leverage to enhance its value, but this fund does not use any leverage.
ASA Ltd. is a American stock, trading under the symbol ASA-N on the New York Stock Exchange (ASA). It is usually referred to as NYSE:ASA or ASA-N
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On 2024-11-13, ASA Ltd. (ASA-N) stock closed at a price of $19.59.