thanks fuzzy. that does show what I was expressing. DO you
know is that equality just a happenstance or is that their
philosophy to maintain and equal dollar weighting between silver
and gold?
Yeah, I have not been able to find it specifically stated
anywhere, but the last page of their quarterly reports always shows
a 1oz gold/50oz silver ratio.
"Investment
Policies &
Restrictions
The investment policy set by the Board of Directors requires
Central Fund to
maintain a minimum of 90% of its net assets in gold and
silver bullion of which
at least 85% must be in physical form. On April 30, 2011,
98.8% of Central
Fund's net assets were held in gold and silver bullion. Of
this bullion, 99.6%
was in physical form and 0.4% was in certificate form.
Central Fund's physical gold and silver bullion holdings may
not be loaned,
subjected to options or otherwise encumbered in any way."
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thanks fuzzy. that does show
CEF
Posted by tom on 17th of Aug 2011 at 10:19 am
thanks fuzzy. that does show what I was expressing. DO you know is that equality just a happenstance or is that their philosophy to maintain and equal dollar weighting between silver and gold?
My understanding is they keep
Posted by its44me on 17th of Aug 2011 at 10:24 am
My understanding is they keep a fixed ratio ounces of gold to silver, regardless of the prices of the metals
CEF
Posted by cufuzzy on 17th of Aug 2011 at 10:50 am
Yeah, I have not been able to find it specifically stated anywhere, but the last page of their quarterly reports always shows a 1oz gold/50oz silver ratio.
"Investment
Policies &
Restrictions
The investment policy set by the Board of Directors requires Central Fund to
maintain a minimum of 90% of its net assets in gold and silver bullion of which
at least 85% must be in physical form. On April 30, 2011, 98.8% of Central
Fund's net assets were held in gold and silver bullion. Of this bullion, 99.6%
was in physical form and 0.4% was in certificate form.
Central Fund's physical gold and silver bullion holdings may not be loaned,
subjected to options or otherwise encumbered in any way."