Q: What ETF or method would you recommend for an investor who wants to hold some gold (bullion, not the miners), unhedged to the Canadian dollar and with good liquidity. I have heard so many gold bugs talk about the importance of investing in “physical” gold as opposed to “paper” gold. Do you believe this thesis of “physical” gold and does GLD (US) meet this requirement?
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Investment Q&A
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Q: In a question today about holding physical gold you said: “Sprott set up PHYS to address these issues, and also stores its gold outside Canada.“
Can you please clarify if you meant PHYS stores it’s gold outside Canada? I thought it was stored at Canada’s Mint. Thank you.
Can you please clarify if you meant PHYS stores it’s gold outside Canada? I thought it was stored at Canada’s Mint. Thank you.
Q: Hi Team,
This question is about investing in a gold ETF. Sprott Physical Gold Trust (PHYS) I believe is a closed-end fund. I read this affects its ability to issue new shares so it cannot effectively track the price of gold. This means shares could trade at a premium to net asset value and not truly track the price of gold. Is that true and if so, is it a concern? Thank you. Michael
This question is about investing in a gold ETF. Sprott Physical Gold Trust (PHYS) I believe is a closed-end fund. I read this affects its ability to issue new shares so it cannot effectively track the price of gold. This means shares could trade at a premium to net asset value and not truly track the price of gold. Is that true and if so, is it a concern? Thank you. Michael