digitaldorobo

Gold: Wealthy Investors Want Bars, Not Paper

I can't afford gold bars and I am not stupid enough to invest in paper gold (GLD) or silver (SLV) so I bought into Central Fund of Canada Limited. It is independently audited twice a year to ensure that it holds aroun 95% of its worth in physical gold and silver.

Better yet, I buy it on the Canadian exchange so my money stays in Canadian dollars rather than the soon-to-be-worthless US dollars.
Central Fund of Canada Limited(Public, TSE:CEF.A)

However, if you insist upon buying it on a US exchange: Central Fund of Canada Limited (USA)(Public, AMEX:CEF)

Check it out on Yahoo: finance.google.ca/fina...

Good luck all. Batten down the hatches...

What Is Going On With Gold?

Kind of like being the prettiest waitress at a Denny's restaurant...


On Jan 08 07:13 AM GORILLA800 wrote:

> But all fiat currencies are basically worthless and the dollar wins
> by default .Not a great reason to be in fiats.

Five Sophisticated Gold and Silver Investment Strategies for 2009

Absolutely. COMEX is a house of cards waiting to fall.

If you want to invest in the real thing (backed by actual silver and gold, not paper), get into Central Fund Of Canada. Central is listed on the NYSE Alternext - Symbol CEF and the Toronto Stock Exchange - Symbols: Cdn. $ CEF.A and U.S. $ CEF.U -- buy in on the Toronto Stock Exchange (why hold US dollars?).

CEF gets audited 2x a year to make sure it holds aroun 90% gold and silver, not paper like the COMEX.

Cheers and good luck this year to all.


On Dec 28 01:24 PM Clavis wrote:

> Chaps, if you are buying gold/silver, remember to buy the real stuff,
> not pieces of paper offering; or not; delivery at some future indeterminate
> date, i.e. AVOID COMEX

Enlightening the Gold Bugs

User 10755: Wouldn't gold depletion result in increased price? You know---the old supply and demand thing?