ASA Overview

Investment Risks: The article highlights the volatility in investing, using the example of the mortgage banking industry during the subprime crisis and emphasizing the importance of humility and diversification in investment strategies.

Performance of ASA Fund: The ASA Gold & Precious Metals Fund has seen a remarkable 172% increase in 2025, but it is cautioned against as it yields only 0.1% and has historically underperformed compared to the S&P 500 and gold prices.

Alternative High-Yield CEFs: The article suggests three high-yield closed-end funds (CEFs) that outperform ASA in terms of long-term performance and income, including the Adams Diversified Equity Fund, Liberty All-Star Equity Fund, and PIMCO Corporate & Income Opportunity Fund.

Future Investment Focus: Looking ahead to 2026, the author plans to invest in AI-focused CEFs that offer high dividends, indicating a shift away from gold investments and a belief in ongoing productivity growth in the economy.

Distribution Announcement: ASA Gold and Precious Metals Limited declared a distribution of $0.03 per common share, payable on November 19, 2025, to shareholders of record as of November 12, 2025. The company has maintained uninterrupted periodic distributions since 1959.

Investment Strategy: The company is a non-diversified, closed-end fund focused on long-term capital appreciation through investments in companies involved in precious metals exploration, development, and mining, with a policy to invest at least 80% of its assets in related securities and bullion.

Semler Scientific Inc. Update: The stock rating for Semler Scientific Inc. (SMLR) improved from 52% to 72% due to strong fundamentals and valuation, with its QuantaFlo product aiding in cardiovascular disease diagnosis.

ASA Gold and Precious Metals Ltd. Update: ASA Gold and Precious Metals Ltd. (ASA) saw its rating increase from 69% to 83%, focusing on long-term capital appreciation through investments in precious metals and related companies.