Overview
Description
Sprott Physical Gold and Silver Trust is a uniquely designed fund that specializes in holding physical gold and silver bullion. Its primary purpose is to provide investors with a secure and efficient way to gain exposure to these precious metals without the complexities of owning and storing them directly. The trust is particularly noteworthy for holding tangible assets rather than financial derivatives, which can be attractive to those seeking a hedge against economic volatility or currency fluctuations. It holds its substantial reserves in allocated and segregated storage, ensuring high levels of security and transparency regarding the underlying assets. The trust plays a significant role in the commodities market, especially in sectors influenced by global economic trends, inflationary pressures, and investor sentiment towards hard assets. By offering units on major exchanges, it bridges the gap between physical metals' traditional allure and modern financial markets, catering to both individual and institutional investors. This trust diversifies investment portfolios by adding a layer of stability often sought during periods of financial uncertainty.
About
Instrument type
Closed-end fund
Country
Canada
MIC code
XTSE