Questions for CEF
posted on Jan 18, 2010 06:58PM
Central Fund's Gold and Silver Bullion is stored in the highest security rated treasury vaults at a Canadian chartered bank on an unencumbered, allocated, segregated and insured basis.
CEF is an ETF, are Short sales permitted?
Although you mention your custodian bank is audited, Turk advises that third party audits be performed to verify no gold/silver asset is owned twice or more?
Turk further cautions investors about your rules/performance concerning sub-custodians, your rights to audit/inspect custodians/sub-custodians with a possible shortage of assets resulting in CEF being a creditor of the Custodian/sub-custodian?
Can redemptions be suspended in an emergency; can the custodian declare an emergency