Sites That Show Foreign Stock Prices In GB Pounds?

mr_fishbulb

I've got my eye on the Central Fund of Canada (CEF), which is priced in dollars, and listed on the Toronto Stock Exchange.

Does anyone know of a site which will show historical performance charts of this in another currency - i.e. GBP?

Cheers

jon3001

If there's no site you could get the data and manually do it in excel.

Stock price data (CSV)
http://finance.yahoo.com/q/hp?s=CEF

Currency data (CSV)
http://www.oanda.com/convert/fxhistory

mr_fishbulb

Cheers Jon. Something to do this evening

jon3001

NP - happy to keep you entertained! :rotfl:

purch

I've got my eye on the Central Fund of Canada (CEF),

NAV is only at a 7.3% premium (in USD) or 8% premium (in CAD).....that's down from last week (so is the price of Gold of course).....not sure I'd want to pay such a premium over the Spot price just to get an exposure to physical bullion !!!


Of course historically CAD has been weaker than of late against the USD...you'll have to factor that into the equation too :eek: !!!!!!!

jon3001

In understand that CEF holds its assets in gold and silver bullion in a roughly 50/50 split.

For someone after diversified exposure to spot prices of precious metals then maybe ETFS offerings are worth a look:

ETFS Physical PM Basket (USD)
ETFS Physical PM Basket (GBP)

The holdings are currently:
Gold 43%
Silver 25%
Platinum 20%
Palladium 12%


These securities are backed by physical metal allocated to the ETF and held in the custodian of HSBC. They should trade pretty close to spot price/NAV.

I think the choice of USD or GBP should be whatever you find convenient and not really have a bearing on long-term performance.

mr_fishbulb

jon3001 wrote: »

In understand that CEF holds its assets in gold and silver bullion in a roughly 50/50 split.

For someone after diversified exposure to spot prices of precious metals then maybe ETFS offerings are worth a look:

ETFS Physical PM Basket (USD)
ETFS Physical PM Basket (GBP)

The holdings are currently:
Gold 43%
Silver 25%
Platinum 20%
Palladium 12%


These securities are backed by physical metal allocated to the ETF and held in the custodian of HSBC. They should trade pretty close to spot price/NAV.

I think the choice of USD or GBP should be whatever you find convenient and not really have a bearing on long-term performance.

The thing is, that last closed at over £4000. Don't have that kind of money to invest.

cloud_dog

jon3001 wrote: »

I think the choice of USD or GBP should be whatever you find convenient and not really have a bearing on long-term performance.

I have noticed during holding my CEF that MS Money has consistently (!!) changed the price I bought at, obvuiously picking up on the current FX rate.

Re the premium to NAV, I think it is in the high(ish) region. A few weeks ago it was around the 2% mark. Historically it tends to average around the 5% / 6% mark.

Another thing to be aware of is that when the premium reaches double digits / low teens the company tends to place more shares with the market / investors (so as to purchase more Gold). Despite the net affect of this being roughly neutral (or even positive) to the NAV it tends to have the effect of lowering the NAV premium and therefore SP. For existing holders this process is very beneficial; in essence if you trade at a 11% premium and people buy your shares you then go out and buy gold/silver with it but it means they actually buy more gold/silver (instead of 100 tonnes they buy 110 tonnes - for example).

I'm not sure where CEF / Gold is in this cycle (usually the high premium coincides with a bull run on gold etc) but it may be worth waiting for the premium to lower. This is not a recommendation as the price may continue to rise - who knows (not me).

cloud_dog

mr_fishbulb

Woooosh!! - That's the sound of this thread going way over my head

Am I reading that it's not a good time to buy into CEF?

jon3001

mr_fishbulb wrote: »

The thing is, that last closed at over £4000. Don't have that kind of money to invest.

I don't hold it (yet - currently in PHAG) but I'm hoping it's more liquid than that and the price is more like 4000p i.e. £40.

mr_fishbulb

jon3001 wrote: »

I don't hold it (yet - currently in PHAG) but I'm hoping it's more liquid than that and the price is more like 4000p i.e. £40.

It's listed on Selftrade along with other ETCs -

http://www.selftrade.co.uk/market-data/uk-shares/etcs.php

I've got a feeling it is in £s when looking at the prices of others.