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.
The Tocqueville gold investment team (LR): Victor Huang, Ryan McIntyre, John Hathaway and Douglas Groh.
The debate over gold’s place in a modern investment portfolio has been well covered. Call it the “Pet Rock” versus the “End of Fiat Currency” grudge match. But the facts are not subject to such intense interpretation....An enormous transformation of the gold market can occur once digital gold attracts the volumes needed to make it a serious business.
Shares of Sprott (TSX: SII) have posted big gains this year as gold prices continue to climb higher. Sprott CEO Peter Grosskopf joins BNN Bloomberg to discuss his outlook for the precious metal and the firm's acquisition of Tocqueville Asset Management's gold business.
Ray Dalio, founder of Bridgewater Associates, adamantly restates his case for gold: "It is also a good time to ask what will be the next-best currency or storehold of wealth to have when most reserve currency central bankers want to devalue their currencies in a fiat currency system.... I believe that it would be both risk-reducing and return-enhancing to consider adding gold to one’s portfolio."
Sprott invests in Glint, a FinTech business operating a multi-currency account and debit card that enables gold to be used as money.
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.
Sprott first invested in Emergent in May 2018. Emergent Technology Holdings is a financial technology company that uses blockchain technology to track the provenance of responsibly sourced gold.
Sprott invests in Tradewind™, a financial technology company. Tradewind launched a new digital gold platform that combines world-class exchange technology with VaultChain™ a tailored blockchain application expected to revolutionize the trading, settlement, and ownership of physical gold.
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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