Holding Gold and Silver Bullion inside retirement accounts and other accountsgreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
This message is written as I have read many postings in the greenspun forum regarding positioning in precious metals with investment accounts including IRA and other retirement accounts. The alternative to purchasing Gold Eagles is to purchase shares of Central Fund of Canada Limited (est.1961). The shares qualify for inclusion in retirement accounts and might be the alternative that you have all been searching for. Central's shares trade on the AMEX (CEF) and the TSE (CEF.A). They are backed by over 97.5% with physical gold and silver bullion that is stored in Central's segregated vault within the vault complex of Canada's second largest bank the CIBC. The bullion is audited on a semi-annual basis and is fully insured with an "ALL RISKS" insurance policy. Central is the most cost effective way, that I know of, to purchase, store and insure bullion at under 1% per year. I invite you to review our website located at www.centralfund.com and would welcome any calls at 905-648-7878 at anytime. Central Fund continues to fulfill its mandate as "The Sound Monetary Fund".
-- J.C. Stefan Spicer (email@example.com), October 28, 1999
What does this look like? a billboard???
-- Porky (Porky@in.cellblockD), October 28, 1999.
Ignore the pig Mr. Spicer.....I personally have some CEF and like it very much (nice stable NAV over the years that gold has been in the doldrums)
I'll hang on to it, but it does occur to me that in the abscence of reliable communications or a functioning banking system, I'm a long ways away from "my share" of the metals on deposit.
-- JIT (firstname.lastname@example.org), October 28, 1999.
Yes Mr. Spicer, ignore the pig. He's probably too stupid to think about things like this.
-- haha (email@example.com), October 28, 1999.