Overview
Description
The Purpose Silver Bullion Fund is a financial product designed to offer investors a secure and efficient means of gaining exposure to silver, a precious metal known for its industrial applications and value as a store of wealth. The fund's primary purpose is to provide investors direct access to physical silver by holding silver bullion, ensuring investments are backed by actual metal rather than derivatives or paper contracts. This structure appeals to those looking for a hedge against inflation or currency fluctuations, as precious metals often increase in value during economic uncertainty. By concentrating on silver, the fund relates to various industries, including electronics, technology, and renewable energy, where silver is a crucial component. Its significance in the market lies in diversifying portfolios by adding an asset class that typically moves inversely to fiat currencies and equities, offering a balance in times of market volatility. The Purpose Silver Bullion Fund stands out for its transparency and straightforwardness, providing an accessible way for both institutional and individual investors to participate in the silver market.
About
Address
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Phone
877-789-1517
Website
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Instrument type
ETF
Country
Canada
MIC code
XTSE