Central Gold Trust is . . .about $160 to $170 million now. It trades on the AMEX, and it tends to carry a smaller premium. It is invested only in gold, so it has a little less volatility. I like to point out that it also has less liquidity, which on down days in the gold market could be quite attractive, in the context where you put a bushel basket under the specialist, under the market, and hope to catch some on a down day. (3/4/08)
The Gold Report Interview with John Embry, Sprott Asset Management (09/12/08)
"Central Fund of Canada Limited (CEF.AMEX; CEF.A. TSX) and Central GoldTrust (TSX: GTU.UN; GTU.U:AMEX:GTU) are really excellent vehicles in which to hold gold. I’m very leery of funds that have no allocated gold. Whereas, in Central Gold Trust, which I'm involved with, it's a sort of sister company of the Central Fund— so I know the Spicers that run it very well. I know for a fact that you can go look at gold in the vault. So they are perfect vehicles in this environment. If the worst happens and everything goes to hell in a handcart, you want bullion. So the core of your portfolio has to be bullion. Depending on how much money you’ve got, you can decide what percentage you want to wager on the upside. If the gold price goes where I think it’s going soon—to $2,000—then some of these gold stocks will look pretty good. They’re depressed enough that they will move faster than gold. They could go up three to five times when gold goes doubles." (9/12/08)
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