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.

-
BGEIX
American Century - $22.00
- -0.90%
- $N/A
Diversified gold mutual fund - the one that I am testing whether to sell or not.

-
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.

-
GG
Goldcorp Inc - $43.64
- -0.84%
- $43.20
Canadian - 8.80% of BGEIX holdings as of 12/31/06

-
ABX
Barrick Gold Cp - $43.98
- -0.81%
- $43.35
Canadian - 8.41% of BGEIX holdings as of 12/31/06

-
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.

-
AEM
Agnico Eagle Mine - $60.81
- -1.46%
- $60.62
Canadian - 4.82% of BGEIX holdings as of 12/31/06

-
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.

-
KGC
Kinross Gold Cp - $19.14
- -1.64%
- $19.19
Canadian - 4.19% of BGEIX holdings as of 12/31/06
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