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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Andrew who wrote (31748)	10/24/2004 11:10:09 PM
From: Claude Cormier	Respond to of 39344

<I like Central Fund of Canada because I can hold it in a 401k account (can't hold physical unless it is in an IRA account).> That is a very good point. <Do you think the initial dollar premium (at time of purchase), as opposed to the percentage premium would actually shrink as the price of gold and silver rise. > In a hot bull market with gold reaching 4-digits, I can see the premium almost disapearing. >In other words, would CEF at $5.80 and a 10% premium ($0.58) >still have a $0.58 premium when the share price is at $12.00? >If so, I am not worried. Possibly. But I would not be surprised either if the premium is lower. NO matter what You can't lose. And if it is non-taxable money, well the loss of premium is no big deal.