The investment objective of the Crystal Enlightened Bullion Fund is to provide investors with the opportunity to invest in gold and possibly silver bullion in a convenient way while simultaneously earning a yield on their bullion holdings.
Strategy Type: Alternative Strategies
Launch Date: July 3, 2015
Lead Portfolio Strategist: Al Housego, CFP, CIM
Why This Strategy?:
The fund manager has developed relationships with toll mills and raw gold buyers in South America and Canada which allows the fund to buy unrefined gold at a discount to the spot price. The contractual discount allows unit holders to own gold for less than the spot price at the time of the contract, even after refining costs, assay costs, shipping and insurance.
What We Love About This Strategy:
The contracts to purchase gold range from a 1% discount to a 5% discount on a monthly basis. Each new contract buys more gold at a discount to the spot price. This allows for positive income in the form of gold bullion which is valued in Canadian dollars. All other bullion funds in Canada charge a fee for the bullion you hold which over time erodes the amount of gold unit holders actually own. Our unit holders gold holdings increase even after all fees.