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Teetering On The Edge

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#91 ConfusedAss


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Posted 28 January 2003 - 10:17 AM

For those of you looking for escape from the dollar try these two closed-end funds- FAX and FCO. The first is mostly Australian bonds with a smattering of Asian high yield while the second is composed of Gilts, Canadians, Aussies and a few other high quality countries. Oddly enough, these funds trade at discounts to net asset value and pay decent yields. they are both at or near multi-year highs due to the dollar's collapse.

Observations/Cautions --

FCO -- 35% of Yield is return of capital (not major concern w/appreciation against dollar. Liquidity might be a problem (low volume). http://biz.yahoo.com...3/nym177_1.html

FAX -- 34% of Yield is return of capital. Much better liquidity. http://biz.yahoo.com...3/nym175_1.html

Both -- a little more difficult to understand credit risk -- Not a big believer in S&P ratings -- you are still holding bag after they downgrade.


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Posted 28 January 2003 - 12:24 PM

Other than PAAS, what are the other silver investments?

For instance, HL, SSRI, SIL, CDE.


#93 plantigrade


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Posted 28 January 2003 - 03:43 PM

what are the other silver investments?

Spoons. ;)

#94 TJM


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Posted 28 January 2003 - 07:13 PM

Time for a laugh........http://home.attbi.com/%7Ekmatenaer/SNL.wmv

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