Gold has been on a tear in 2019. The gold price recently breached $1,500, a remarkable performance since June, when it smashed through the ceiling of its long-term range under the $1,370 level. This is especially impressive when considered in the context of a reasonable economy, a strong U.S. dollar and resilient equity markets throughout 2019. So, what gives?
Peter Grosskopf, CEO of Sprott, shares his outlook for gold and the economy with Bloomberg's Shery Ahn and Amanda Lang on Bloomberg Markets.
The Sprott Physical Gold Trust offers a number of advantages over other gold funds and is perhaps the next best thing to holding the actual metal. The fact that it is currently trading at a discount is a nice bonus. As such, it may be worthwhile taking a position in the fund.
With volatility in mind, investors may consider alternative index-based gold miner ETFs like the Sprott Gold Miners ETF (NYSE Arca: SGDM) and Sprott Junior Gold Miners ETF (NYSE Arca: SGDJ). Unlike traditional market cap-weighted funds, SGDM and SGDJ follow a factor-based or smart-beta indexing methodology that can potentially enhance returns.
Sprott is involved in several ventures that seek to deliver the next generation of precious metals investing. These projects combine the benefits of digital blockchain technology and the proven advantages of investing in physical precious metals bullion.
Sprott to Acquire Tocqueville Gold Strategies and Team
John Hathaway and Tocqueville Gold Team to Join Sprott
Sprott Inc. (TSX: SII) and Tocqueville Asset Management today announced that Sprott Asset Management LP (“SAM”) and Tocqueville have entered into a definitive agreement regarding the acquisition by SAM of the Tocqueville gold strategies.
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