As 2011 comes to a close, it's a great time to look back at what happened to the stocks that interest you. By making sure you know the important things that a company accomplished -- as well as the setbacks it experienced -- you can make a better decision about whether it's a smart investment for your portfolio.
Today, let's take a look at Central Fund of Canada
Stats on Central Fund of Canada
|Assets Under Management||$5.05 billion|
|Current Investment Mix||53.4% gold
|CAPS Rating (out of 5)||***|
Sources: S&P Capital IQ and Motley Fool CAPS.
What happened to Central Fund of Canada this year?
As an investment vehicle that owns gold and silver bullion, Central Fund's fortunes ebb and flow with those of the precious metals markets. This year, shareholders saw huge moves, especially during the spring, when a huge move upward in silver gave way to an even sharper decline. That had a much smaller effect on gold ETF SPDR Gold
In recent days, precious metals have taken a big hit as the European crisis continues to unravel without major progress. Miners like Yamana Gold
Bullion investing has created plenty of controversy, and the huge volatility reflects disparate opinions about it. But with millions of ounces of physical gold and silver bullion in a vault, Central Fund has the assets to back up its investment objective -- and will continue to do so well into the future.
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Click here to add Central Fund of Canada to My Watchlist, which can find all of our Foolish analysis on it and all your other stocks.
Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.