Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (32441)	11/21/2011 7:05:17 PM
From: Wade	Read Replies (1) \| Respond to of 48092

You did the right thing. I took out all of my stocks in certificates from my regular account when Sinclair encourage his reader to do that back in 2007. Sold a few laggard positions earlier this year. I use TD Ameritrade as well, but has transferred some to Fidelity lately. Schwab is my next one.

To: gold$10k who wrote (32441)	11/21/2011 7:17:22 PM
From: onepoint61803	Respond to of 48092

You might check out USAA. They are so conservative that it is annoying sometimes. I have Fidelity, Scottrade, Interactive Brokers, and Wells Fargo in addition to USAA. I keep about 60% of my trading funds with USAA. Commissions for an active trader are decent at $5.95 per trade, if I remember correctly. Also, although USAA sells insurance to members of the military, you do not need to be military to have a brokerage account with them.

To: gold$10k who wrote (32441)	11/22/2011 6:31:06 AM
From: TheSlowLane	Read Replies (1) \| Respond to of 48092

Denninger has some comments: 321gold.com

To: gold$10k who wrote (32441)	2/18/2012 3:43:22 PM
From: smh	1 Recommendation Read Replies (1) \| Respond to of 48092

When I submitted a request to have a CEF certificate issued ETRADE came back with a $500 in addition to other charges. Here is a response I got from CEF and another I found elsewhere. The $500 fee is definitely real, but there are nebulous hints there my be a way around it. Has anyone on the U.S. side successfully obtained CEF certificates without paying the $500 fee? Hello Mr. xxxx: Thank you for your interest in Central Fund of Canada Limited. A number of years ago, over 500,000 companies in the U.S. voted to do away with stock certificates altogether. Central Fund, being a Canadian company, made no change to its practice of issuing certificates. Unfortunately, any U.S. investors must request their broker to obtain a stock certificate from our U.S. co-Transfer Agent, Mellon Investor Services (now Computershare). You can ask your broker what the costs might be because they are set by the DTCC and not by us or our co-Transfer Agent. Many brokers I have spoken with (Scottrade, Charles Schwab, Edward Jones) concur with us that the $500 fee is unnecessary and exorbitant. They do not approve of it either. We have heard that the fee may be less depending on how the broker obtains the certificate. They should go directly through our co-TA, Computershare. We are not participating in the DR System because we have certificates available. The DR system would cost us a high monthly fee even when no requests for DRS are made by investors. Investors MUST trust their brokers and if they do not, then brokers must do something to engage the investor and keep them. Many other companies do not have DRS for the same reasons. Investors cannot request that the companies pay the penalty for the unreliable broker. The onus must be put on the broker to do the right thing and to treat the investor with honesty. If not, then the brokers will all close their doors. You must find a reliable broker who will gain your trust when you hold your shares of any company in the broker’s street name. Yours truly, Marda Jeffrey, Investor Services Central Fund of Canada Limited 905-648-7878 From: S Sent: February-11-12 12:35 PM To: info@centralfund.com Subject: Direct Registration System/Share Certificate Dear Ms. Jeffrey, I know you are aware of the keen interest amongst your stockholders to remove themselves of the risks associated with "Street Name" ownership, from the below email message. In the messsage you refer to a solution to the extraordinarily high cost of certificate issuance. What is the status of this please? I implore you (CEF) to give every consideration to participating in the US Direct Registration System. I know this would greatly enhance the appeal and value of Central Fund. Thankyou, ---------------------------------------------------------------------------------------------------------------------------------------------- From: Central Fund ][mailto:info@centralfund.com] Sent: Tuesday, December 13, 2011 1:41 PM To: xxxx Subject: RE: Information Request from CFC Hello Mr. xxxx: Thank you for your interest in Central Fund of Canada Limited. Central Fund does NOT participate in the DRS program. You can however request a share certificate from your broker which they will order from our Registrar & Transfer Agent, BNY Mellon Trust Company. The Depository Trust Company and Clearing Corp. in the U.S. currently charges investors $500 for such a certificate. In the next few weeks, we may have a solution to circumvent this fee as it is a deterrent to having share certificates but Central Fund is a Canadian company and still produces and respects share certificates. Recent media discussions about share certificates and problems with MF Global have prompted investors to all request share certificates. Yours truly, Marda Jeffrey, Investor Services Central Fund of Canada Limited 905-648-7878