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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My understanding is they keep
CEF
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."