Those interested in owning gold and silver should take a look at CEF right now.
Central Fund of Canada is a closed end fund that normally trades at a healthy premium to NAV, is trading at a slight discount to NAV.
CEF has the gold and silver and has been around a long time, very well respected. Many who own it would not own SLV or GLD.
They did a share offering which is why the current discount to NAV. [note, a share offering is not dillutive in that they buy gold and silver with the money]
IOHO, a premium to NAV will come back into CEF.
Note, CEF is up today despite a drubbing in silver and down day for gold.
Why?
It is a narrowing of the discount to NAV.
Of course one should only consider it if they want new exposure to gold or silver and if so, it is up to you to decide when the timing is right.
For anyone considering a buy of gold and silver at this time, CEF is worth a hard look as this discount to NAV is disappearing as we speak.
Very seldom one can buy CEF without paying a 6 or 7% premium to NAV.
Do your own DD as usual.
F