What does the Central Fund of Canada hold?

Central Fund of Canada – Home Page Central Fund holds gold and silver bullion on a secure basis for the convenience of investors in the shares of Central Fund. Central Fund Of Canada Central Fund of Canada Limited was “The Sound Monetary Fund”.

Is it possible to buy CEF stock in Canada?

Neither U.S. Agent is registered as a dealer in any Canadian jurisdiction and, accordingly, the U.S. Agents will only sell Units on marketplaces in the United States and are not permitted to and will not, directly or indirectly, advertise or solicit offers to purchase any Units in Canada.

Who was the founder of the Central Fund?

Long-term administration:Central Fund was founded in 1961 by Mr. Philip Spicer, and Directors provided over 230 years of combined service. Eligibility: Central Fund’s Shares qualified for inclusion in most North American regulated accounts. Certainty:Central Fund was known as: “The Sound Monetary Fund”

What kind of fund is central fund of Canada?

Today, I’d like to focus on the Central Fund of Canada (NYSE: CEF), a closed-end fund that gives you an easy way to own gold and silver. Why buy Central Fund of Canada? For more than a decade, both gold and silver bullion have seen their prices rise dramatically.

What to look for in a central fund?

One thing to watch out for from closed-end funds like Central Fund is whether the shares you’re buying are worth more than the proportional share of assets inside the fund. For Central Fund, shares traded at more than a 5% premium to the net asset value of the fund’s gold and silver.

What kind of tax treatment does a central fund get?

What Central Fund gives you, though, is the prospect for favorable tax treatment. Many gold and silver investments are taxed as collectibles, with a 28% maximum long-term capital gains applying to profits from sales.