On Inflation, Precious Metals and the Mayan Calendar
Sunday, October 25th, 2009Marc Courtenay submits:
Many of us wonder if inflation is going to take off anytime soon. That, as well as the devaluation of the dollar has moved billions of dollars into precious metals ETFs like GLD and SLV.
Even the Central Fund of Canada (AMEX:CEF), which is selling for about a 10% premium above its net asset value (NAV), has a market cap of over $2.5 billion. It’s a closed-end fund that actually buys, stores and insures the gold and silver it uses to establish the NAV for the shareholders.
