As we approach the halfway point for 2012, now's a good time to look back at what's happening with 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
Central Fund of Canada Stats:
|2012 YTD Return||0.9%|
|Assets Under Management||$4.78 billion|
|Gold Ounces Owned||1,694,644|
|Silver Ounces Owned||76,964,103|
|Premium to Net Asset Value||5.4%|
Source: S&P Capital IQ.
Why is Central Fund of Canada basically unchanged for the year?
If you only look at Central Fund's current share price compared to where it ended 2011, you might think the year has been pretty boring. But precious metals have moved sharply in both directions in 2012, with gold rising to nearly $1,800 per ounce before falling back to current levels around $1,585. Silver has seen similar volatility, with prices spiking above $37 per ounce early in the year but currently trading almost $10 below that level.
Yet central banks have been voracious in their appetite to boost their gold reserves. In fact, Foolish gold expert Christopher Barker suspects that one major reason that gold and silver have seen their prices fall back stems from possible intervention from central banks to keep prices low.
If you think gold and silver are poised to rise, one advantage to using Central Fund instead of the more popular SPDR Gold
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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 owns shares of Central Fund of Canada. 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.