Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, Central Fund of Canada
With that in mind, let's take a closer look at Central Fund of Canada and see what CAPS investors are saying about the closed-end fund right now.
Central Fund of Canada facts
|Market Cap||$5.9 billion|
|Investment Approach||Central Fund's purpose is to hold gold and silver bullion on a secure basis for the convenience of investors in the shares of the Central Fund.|
|1-Year / 3-year / 5-Year Returns||(9.2%) / 20.2% / 19.1%|
SPDR Gold Shares
iShares Silver Trust
Sources: Morningstar and Motley Fool CAPS.
On CAPS, 96% of the 746 members who have rated Central Fund of Canada believe the fund will outperform the S&P 500 going forward.
Balanced play between gold and silver. ... [T]his fund has a better reputation for holding the actual bullion, which may become relevant as bullion shortages become more apparent. With Asian gold buying and [Eric Sprott's] upcoming silver purchases I would expect that demand may increase, especially if central banks continue to expand the money supply.
Owning exceptional funds is a surefire way to secure your financial future. Of course, despite a strong four-star rating, Central Fund of Canada may not be your top choice.
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