Central Fund of Canada Limited is a closed-end investment management company. The primary objective of the fund is capital appreciation. The fund provides an alternative for investors interested in holding marketable gold and silver-related investments. The fund invests primarily in long-term holdings of gold and silver bullion and does not actively speculate on short-term changes in gold and silver prices. The stated investment policy of the Board of Directors requires Central Fund to maintain a minimum of 90% of its net assets in gold and silver bullion. At least 85% must be in the form of physical bullion holdings. The physical gold and silver bullion holdings are subject to insurance coverage against destruction, disappearance or wrongful abstraction. All expenses of handling, storage and insurance of bullion are paid by Central Fund. Unlike most other forms of bullion investment, there are no storage costs paid by the investor.