fyi - as of Jun 30 CEF is at a ~1+% discount to NAV

[cabronjames]

fyi - The closed end fund CEF (closed end fund named Central Fund of Canada) is trading at a 1+% discount to NAV

I've never used a precious metal closed end fund.  The impression that I get is that is quite rare for such a fund to trade at a discount to NAV.

fund's NAV page http://www.centralfund.com/Nav%20Form.htm
CEF Conect page http://www.cefconnect.com/Details/Summa ... ticker=CEF
Google doc which comparing price to NAV given the near real time 24 hr gold & silver prices https://spreadsheets.google.com/spreads ... iOsH#gid=1

The fund holds about 45.4 silver ounces per each 1.0 gold ounces.  The CEF's components by value are currently 48.3% gold, 50.2% silver, 1.5% cash.

If one bought this fund, they could assume half its value is in the PP (the gold) & half the VP (the silver).

Anyone have experience owning this closed end fund CEF?

[murphy_p_t]

negative nav today