What's the most cost-effective way to purchase gold and silver? Many investors may believe that coins are the least expensive way to purchase physical gold and silver, but with Sprott Physical Gold and Silver Trust (CEF) currently trading at a discount, investors have the opportunity to purchase gold and silver below spot prices.
Peter Grosskopf: "Most investors do not realize that gold is one of the world’s most liquid currencies and assets, trading with volumes equivalent to those of the euro or U.S. Treasury bond benchmarks. Although similar in philosophy, gold blows Bitcoin away on any measure by which the two can be compared....Perhaps now is finally the time for investors to benefit from a 'life preserver' while others enjoy the card game on the decks of the central bank-piloted Titanic."
Peter Grosskopf, CEO of Sprott, was a keynote speaker at the recent May 1-2 Mines and Money New York Conference. He joins KITCO News' Daniela Cambone to discuss the macroeconomic forces providing tailwinds for gold.
Global gold demand grew 7% Y-O-Y in Q1 2019, with central banks accounting for the largest Q1 increase in global reserves since 2013. Gold-backed ETFs also saw quarterly inflows grow by 49%.
Sprott Physical Gold Trust (PHYS) is fully convertible to physical gold and has none of the problems with unallocated storage that ETFs like GLD have....It has a feature that makes this fund comparable to holding physical gold: the shares are fully redeemable for actual physical gold from the fund's vault....
According to the World Silver Survey 2019, the silver market looks “promising” in 2019 as the supply and demand picture is expected to remain relatively stable, with demand hitting a three-year high in 2018.
Sprott Inc. has joined APMEX, Inc., the world’s largest online bullion coin dealer, in launching a new venture called OneGold, the first dedicated online platform for investing in digital bullion. Go to OneGold
VaultChain Gold and Silver will be the first products offered by OneGold. Powered by technology from Tradewind Markets, VaultChain Gold and Silver are backed by physical bullion stored in the vaults of the Royal Canadian Mint, the Canadian sovereign-backed gold depository. Tradewind’s investors are industry leaders in precious metals and exchange technology, including Sprott, IEX Group, and Goldcorp. View Article
Learn more about Sprott's exciting initiatives in the digital gold space.
Sprott Resource Holdings Inc. Announces Positive Results from Technical Studies on the Minera Tres Valles Copper Project
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