Thursday, June 17, 2010

Small Town Gold Fund

Introducing it as a business he wishes he had invented, the Globe and Mail's Andrew Wills notes that Central Gold Trust has some of the lowest fees around:
The trust charges investors 0.3 per cent per annum for the first $100-million of bars that it holds. The fee falls to 0.225 per cent for the next $100-million, and over $200-million, the fee drops to 0.15 per cent.
It's located in Ancaster, Ontario. The Trust is not an ETF; it's closed-end. As of now, it's selling at a slight premium.

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