Q: My question is related to the storage quantity of gold and silver at Sprott. As I buy and sell PHYS and PSLV on the TSX I assume I am selling to OR buying from another trader in the market. Where does Sprott obtain the funds to add to its holdings or are the physical holdings constant after funds from the IPO were invested in the metals? Am I trading around those initial physical holdings?
If I don’t hold the physical metal like having a gold wafer in a safe deposit box, do I really own it?
If I don’t hold the physical metal like having a gold wafer in a safe deposit box, do I really own it?