Central Fund of Canada Limited is a specialized, self-governing, passive holding company with most of its assets held in gold and silver bullion. At October 31, 2007, 98% of Central Fund’s net assets consisted of unencumbered, segregated and insured, passive long-term holdings of gold and silver bullion.
I believe Gold will hit 1200 before the end of the year and with this in mind I was brainstorming on which way to go during the recession. If we experience inflation Gold will rise and I see this company doing extremely well in the market. A combination of this and another pick made today "TGB: Taseko mines" I think by next year I'll be seeing a combined value increasement of 90%.
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