Central Fund of Canada Ltd (A) (CEF.A-T)

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.

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

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%.

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

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.

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

(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.

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

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

(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 Oct 3/13, Down 7.68%) Gold is out of favour right now. If the American dollar is going up, then gold won’t. Governments are still printing money. The growth is not being generated and this will eventually come back to bite people and then gold will be in favour.

(Top Pick Jul 22/13, Down 0.19%) You could see a bounce back up to $1360-$1420 for gold, depending on geopolitical events. Gold could have this short term pop of 5-10% and it will increase long term as well due to Indian demographics among other factors. He will hold it for fundamental reasons. They are not finding as much gold any more.

(Top Pick Mar 18/13, Down 21.77%) Came down with price of bullion. The best you can hope for is $1420, the second breakdown last summer. The general feeling for gold has to be a little more positive. It’s a buy here.

Thinks it is a pretty safe play.

Still likes it. He likes gold and it will have its day in the sun. He likes it because governments are still printing money.