Central Group
Central Fund of Canada Limited, established in 1961 by Mr. Philip Spicer, was a Canadian company based in Alberta that specialized in holding gold and silver bullion for investors. With over 230 years of combined service from its directors, the fund provided a secure and convenient way for investors to gain exposure to precious metals through shares traded on the NYSE American and the Toronto Stock Exchange.
The fund's assets were primarily composed of gold and silver bullion, stored in highly secure treasury vaults at a Canadian chartered bank on an allocated and segregated basis. Central Fund's shares allowed for easy investment without the complexities of bullion contract delivery, logistics, or storage, making it an attractive option for those looking to invest in precious metals without transaction fees or sales taxes beyond broker commissions.
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