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Economic Events and content by followed authors, Write your thoughts about Sprott Physical Silver. Should I Buy Gold Bullion or Gold Trust Shares? However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion. The GLD has a complex mechanism by which shares can be “created or redeemed” by the GLD Trust via Authorized Participants. July 17 (Reuters) - Sprott Physical Silver Trust PSLVu.TO : Paper-Gold Fraud Now Out In The Open by Jeff Nielson, The physical gold market vs. phoney gold markets, 1.5 Billion Sprott Physical Silver Trust Share Offering Closed, New Public Offering ($1.5 billion) of Sprott Physical Silver Trust, Sprott Physical Silver Trust Announces Follow-on Offering of Trust Units, The Cost of 3 months of Lockdown vs. the Cost of a Century of Pandemics, Cholesterol’s designer may be smarter than most doctors, “Seek ye first the Kingdom of God” is no talisman, Is biblical gluttony overeating?

PHYS is not an exchange traded fund (ETF) but rather a closed-end mutual fund trust which means that the physical gold holdings and investor units outstanding do not change.

The SPDR Gold Trust was structured in this manner so that the price of the GLD would closely correspond to the underlying price movements in gold. Conversely, where demand exceeds supply; prices must rise sufficiently so that more supply is encouraged and more demand is discouraged, until once again equilibrium is achieved. The PHYS holds 99.5% of its assets in physical gold bullion stored at the Royal Canadian Mint in Ottawa, Canada.

The Offering will be made simultaneously in the United States and Canada by underwriters led by Morgan Stanley and RBC Capital Markets in the United States and RBC Capital Markets and Morgan Stanley in Canada. If buyers have a chance to put their hands on physical metal, they should. Now this should help explain why investor grade bars and coins are not available at bullion stores–the price is manipulated too low. Who is the Righteous Investor who will be saved? Why Have SPDR Gold Trust (GLD) Holdings Dropped As Gold Soars? The PHYS, however, has some major differences from the GLD which may result in an investor preference for PHYS. Update:  The following article says that the PSLV raised only 270 million. Sign up to create alerts for Instruments, The Sprott Physical Gold and Silver Trust is generally exposed to multiple risks that have been both identified and described in the Prospectus. BRIEF-Sprott Physical Silver Trust says May Offer From Time To Time Up To $1.5 Billion Transferable, Redeemable Trust Units By Reuters - Jun 21, 2018. In addition, the gold bars allocated to the GLD are identified by number and updated everyday.

Is biblical gluttony overeating? Investors seeking to increase or establish positions in the gold market have been pouring money into gold trusts. Authorized Participants are large Wall Street investment firms that profit by arbitraging against a premium or discount to the GLD. Your status will be reviewed by our moderators. The taxes paid by the Trust would be passed on to shareholders who would then be liable for taxes above the 15% capital gain rate based on their pro rata share of the gain. Are you sure you want to delete this chart? TORONTO, Nov. 8, 2012 /CNW/ – Sprott Physical Silver Trust (the “Trust”) (NYSE: PSLV) (TSX: PHS.U), a trust created to invest and hold substantially all of its assets in physical silver bullion and managed by Sprott Asset Management LP, announced today that it has launched a follow-on offering (the “Offering”) of transferable, redeemable units of the Trust (“Units”). By doing so, you and %USER_NAME% will not be able to see TORONTO, Nov. 8, 2012 /CNW/ – Sprott Physical Silver Trust (the “Trust”) (NYSE: PSLV) (TSX: PHS.U), a trust created to invest and hold substantially all of its assets in physical silver bullion and managed by Sprott Asset Management LP, announced today that it has launched a follow-on offering (the “Offering”) of transferable, redeemable units of the Trust (“Units”). Voting is open during market hours. I remember those who came from manipulated markets in the Soviet bloc countries during the cold war had severe supply demands.

Please refer to the Prospectus for a description of these risks. Long term ownership of the PHYS in a non tax deferred account thus conveys significant tax advantages over an ETF. As detailed below, the advantages … The premium paid by an investor to own the PHYS is based on two major factors –  very favorable tax treatment and extremely secure custody holding  of the physical gold that backs the PHYS as explained below. The gold held by investors in the GLD ETF is considered to be “collectibles” by the IRS and thus taxed at a higher 28% rate. The gold backing the PHYS is specifically allocated by the Royal Mint to PHYS. The PHYS fund is managed by Sprott Asset Management based in Toronto, Canada. //

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