American Century Global Gold (BGEIX)
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Created by Ira Krakow
DESCRIPTION:

Date updated:05-28-2007

I owned American Century Global Gold (BGEIX), a closed end gold mutual fund, until I did this analysis. I'd like to see if it's best to own this, or perhaps an ETF that tracks gold specifically (like GLD), or individual gold stocks owned by BGEIX. I got the latter information from www.morningstar.com, based on their publicly disclosed holdings as of December 31, 2006.

BGEIX portfolio is very heavily weighted towards Canadian gold producers. I'm leaning towards diversifying to Australia, South Africa, and other countries.

symbol name last price % change open
  • +
  • BGEIX
    American Century
  • $22.00
  • -0.90%
  • $N/A

Diversified gold mutual fund - the one that I am testing whether to sell or not.

People owning BGEIX also tend to own: IBMINTCKOMSFTRPIBXVUGXOM

TheStreet.com Rating: No Rating What is this?

  • +
  • GLD
    Spdr Gold Shares
  • $112.94
  • +0.57%
  • $111.74

Streettracks Gold - tracks the gold price. Theoretically, one share of GLD tracks to 1/10 of the spot gold price. So if gold trades at $650/ounce, GLD should trade at $65 or so. In practice, I've found that GLD trades a bit lower than that, perhaps due to expenses.

People owning GLD also tend to own: ANVAYEAZOBBYBPZCOHCTRN

TheStreet.com Rating: No Rating What is this?

  • +
  • GG
    Goldcorp Inc
  • $43.64
  • -0.84%
  • $43.20

Canadian - 8.80% of BGEIX holdings as of 12/31/06

People owning GG also tend to own: AAABXALAPDAUCXDD

TheStreet.com Rating: B+ What is this?

  • +
  • ABX
    Barrick Gold Cp
  • $43.98
  • -0.81%
  • $43.35

Canadian - 8.41% of BGEIX holdings as of 12/31/06

People owning ABX also tend to own: ENERESLRNEMRIMMICETXNGFI

TheStreet.com Rating: C- What is this?

  • +
  • NEM
    Newmont Min Cp (h
  • $52.26
  • -0.76%
  • $52.01

United States - 7.10% of BGEIX holdings as of 12/31/06 Newmont Executive Sues New York Times.. Richard Ness, 57, who heads the Denver-based company's local subsidiary, was acquitted by the Manado District Court of pollution charges last month after a nearly two-year criminal trial. He has filed a civil lawsuit, in Indonesia, against The New York Times, saying he wanted to clear his name following allegations that Newmont Mining Corp. dumped dangerous levels of arsenic and mercury into an Indonesian bay. I held this one for a while. It's been fluctuating between the high 30s and low 50s for years. I think it's a dog.

People owning NEM also tend to own: PGRIGFTOPDNSTKPAASABX

TheStreet.com Rating: C+ What is this?

  • +
  • AEM
    Agnico Eagle Mine
  • $60.81
  • -1.46%
  • $60.62

Canadian - 4.82% of BGEIX holdings as of 12/31/06

People owning AEM also tend to own: AAPLACICOPERFGOOGHALNE

TheStreet.com Rating: C What is this?

  • +
  • AUY
    Yamana Gold Inc
  • $13.22
  • -0.75%
  • $13.10

Canadian - 4.20% of BGEIX holdings as of 12/31/06. Jim Cramer likes AUY because it is the most cost-effective gold producer he's seen. He did an executive interview with Yamana's CEO about a month ago and liked what he heard.

People owning AUY also tend to own: BDYIMAXAIRNEFIIFXIHLKGC

TheStreet.com Rating: No Rating What is this?

  • +
  • KGC
    Kinross Gold Cp
  • $19.14
  • -1.64%
  • $19.19

Canadian - 4.19% of BGEIX holdings as of 12/31/06

People owning KGC also tend to own: AIRNAUYEFIIFXIHLSNDKSPN

TheStreet.com Rating: C- What is this?

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Start Price

Return Value

Start Date

BGEIX 19.11 +15.12% May 11th
GLD 66.58 +69.63% May 11th
GG 24.40 +78.85% May 11th
ABX 30.30 +45.15% May 11th
NEM 41.11 +27.12% May 11th
AEM 35.61 +70.77% May 11th
AUY 14.04 -5.84% May 11th
KGC 13.55 +41.25% May 11th
GFI 17.35 -15.62% May 11th
LIHR 25.17 +31.31% May 11th
IAG 7.56 +150.40% May 11th
MDG 25.69 ------ May 11th
AU 43.23 +1.69% May 11th
HMY 15.71 -32.59% May 11th
GOLD 24.24 +243.52% May 11th
KRY 4.85 -91.75% May 11th
NG 14.682 -64.11% May 11th
RGLD 28.26 +87.33% May 11th
DGL 26.65 +55.08% May 11th

Average return:

+39.30%

Success rate:

72.22%

Tracking Started: 05-11-2007

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