Education

Sprott is a global asset manager providing clients with access to highly-differentiated precious metals and real assets investment strategies. Learn more about our asset classes through our library of Sprott and industry resources. 

Gold Bars

Gold Education Center

Gold is one of the oldest assets in existence. From its use as a currency in ancient times to its investment use and utility today, gold has always served as a store of value.

Webcast Replay
Webcast - SESG is Gold that Aligns with Your Values
Sprott ESG Gold ETF (SESG) is the world’s first ETF to exclusively source and refine gold from recognized ESG mining leaders (based on Morningstar’s universe of listed commodity funds as of 8/31/2022).
The Best Way to Own Precious Metals?
Brochure What's the Best Way to Own Precious Metals?
Precious metals have been a store of wealth for millennia. Owning coins, bars or jewelry used to be the only option to invest in gold, silver, platinum or palladium, but today’s investors have a number of alternatives.
SESG Podcast
Podcast S2 E6 Sprott ESG Gold ETF
Host Ed Coyne and Sprott Asset Management CEO John Ciampaglia discuss the new Sprott ESG Gold ETF (NYSE Arca: SESG), the world’s first ETF to exclusively source and refine gold from recognized ESG mining leaders (based on Morningstar’s universe of listed commodity funds, as of 7/31/2022).
Sprott Video - Gold: A True Store of Value
Video – Gold: A True Store of Value
Throughout history, gold has played a prominent role in the advancement of human civilization. Seen as a representation of the sun, of the gods and of true value, gold is a form of real money without counterparty risks.

10 Reasons to Buy Gold

Brochure – 10 Reasons to Own Gold
This brochure explores gold’s unique investment characteristics and explains why investors should strongly consider the yellow metal as part of a diversified investment portfolio.
Podcast
Podcast S2 E3 Macro Gold Roundtable
The Fed’s recent rate hike provides the backdrop for an insightful conversation with market veterans John Hathaway and Fred Hickey. They discuss Fed policy, inflation, investor sentiment and other supportive factors that have created an interesting setup for gold bullion and gold miners.
Podcast
Podcast S2 E5 In Gold We Trust
Ronnie Stoeferle of Incrementum AG joins host Ed Coyne for a lively discussion on the 2022 In Gold We Trust report. Topics include gold’s recent performance, inflation, Fed policy and how gold differs from commodities in general.
Gold Provides Protection
Chart – Gold Can Provide Portfolio Protection During Crises
During the height of the COVID-19 crisis for the year 2020, gold provided a safe haven investment compared to more traditional asset classes.
Stagflation
Report – In Gold We Trust Report 2022 - Stagflation 2.0
Just as we predicted the current wave of inflation in 2020 without going far out on a limb, we are also not going out on a limb with our announcement of persistent stagflation.
The Impact of COVID-19 Shutdowns on the Gold Supply Chain
Infographic – The Impact of COVID-19 Shutdowns on the Gold Supply Chain
COVID pandemic shutdowns impacted every link in the gold supply chain, as shown in this Sprott Infographic.
WGC  Report - Gold and Climate Change, Decarbonizing Investment Portfolios
WGC Report Gold and Climate Change, Decarbonizing Investment Portfolios
This report explores how gold might play a significant role as a climate risk mitigation asset as the global economy is transformed by climate change.
WGC Report - Gold: The Most Effective Commodity Investment
WGC Report Gold: The Most Effective Commodity Investment
While gold is considered a commodity, its market dynamics and the diversity of its application make it very different from other commodities.

John Hathaway, CFA

Managing Director, Sprott Inc.; Senior Portfolio Manager, Sprott Asset Management USA

John Hathaway“Gold is a hedge against systemic risks, including inflation, deflation, monetary regime change, or just the plain monetary malpractice that seems prevalent now, consequences still to be determined.”

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Silver Bars

Silver Education Center

Silver is an attractive store of value that stands to benefit from major technological shifts in the "Green Economy."

Silver Report
Silver Report: Silver Demand and Supply Trends to Watch
Silver, from a pricing standpoint, is historically undervalued relative to gold and offers an attractive investment opportunity. 
10 Reasons to Own Silver
Brochure – 10 Reasons to Own Silver
This brochure explores silver's unique investment characteristics and explains why investors should strongly consider the white metal as part of a diversified investment portfolio.
Silver Video: A History of Innovation
Video – Silver: A History of Innovation
Silver is second, only to oil, as the most used resource on earth. Silver is needed for many technologies in the green economy, which prioritizes climate change by reducing carbon emissions.
World Silver Survey 2022
Report – World Silver Survey 2022
The strength of silver’s fundamentals was fueled by strong gains across all
demand components.
Podcast #3 – The Value of Silver
Podcast S1 E9 – Silver is Everywhere
Michael DiRienzo of The Silver Institute explores the white metal’s unique status as a store of value and an industrial metal and identifies new technological innovations using silver.
Report – Nature's First Green is Silver
Report – Nature's First Green is Silver
Silver continues to benefit from expansionary monetary and fiscal policies worldwide and its key industrial role in the new technologies of the "green revolution". 
Silver’s
Report – Silver’s Clean Energy Future
Silver should be integral to any "green revolution" discussions, given that it is critical to the success of EVs, solar energy and 5G cellular networks. We believe that silver demand will likely explode in the next 10 years.
Webcast – Silver Fundamentals Shine Bright
Webcast – Silver Fundamentals Shine Bright
Chief Investment Officer Maria Smirnova joins host Ed Coyne for a comprehensive analysis of all things silver. With its dual qualities of being a monetary metal and an industrial metal, silver occupies a unique position in the investing landscape. 
Silver's Growing Role in the Automotive Industry - Jan. 2021
Report – Silver's Growing Role in the Automotive Industry
Silver’s unique properties make it essential and hard to replace across a wide and growing array of automotive applications, many of those being critical in terms of safety and ever increasing environmental pressures. 
Silver's Important Role in Solar Power - June 2020
Report – Silver's Important Role in Solar Power
Silver has the highest electrical and thermal conductivity of all metals. One of the most important industrial uses for silver, alongside electronics, is in photovoltaic (PV) cells, which are the building blocks of solar panels. 

Maria Smirnova, CFA

Managing Director, Sprott Inc.; Senior Portfolio Manager & Chief Investment Officer, Sprott Asset Management

Maria Smirnova“Silver is an interesting beast because it’s not quite like gold, which mostly serves as a monetary/investment vehicle. Silver has two primary functions... industrial uses comprise half of the silver demand and investment uses claim the other half, including coins and bars, jewelry and silverware. Both sides of this story are quite positive for silver.”

Platinum Bars

Platinum and Palladium Education Center

The supply-demand dynamics for platinum and palladium are intertwined, as these metals are often co-byproducts in the same mining location. Each often substitutes for the other in several industrial applications, including automotive catalytic converters.

palladium
Video – Palladium: The King of Catalysts
As one of the key platinum group metals, palladium is a highly prized commodity. It commands more monetary value than gold and is 30 times as rare, with industrial demand outstripping supply for the last decade.
Sprott Video - Platinum: The Rarest of Precious Metals
Video – Platinum: The Rarest Precious Metal
Platinum is a metal that represents power and prestige. Platinum is a key element in catalytic converters for vehicles, as a catalyst in the chemical industry and even in the creation of life saving anti-cancer drugs.
Podcast #3 – The Value of Silver
Podcast S1 E4 Platinum and Palladium Explained
Ed Coyne and Shree Kargutkar provide an update on the PGM group metals: platinum and palladium. They cover supply-demand dynamics, geopolitical challenges for miners and platinum's role in fuel cell electric vehicles (FCEVs).
Palladium: An introduction for Platinum and Palladium Investors
Report – Palladium: An Introduction for Platinum and Palladium Investors
The dominant use of palladium today is in catalytic converters used to control emissions from gasoline and diesel internal combustion engines in passenger and light-duty commercial vehicles.
3.	Pandemic Provides Catalyst for Higher Platinum Prices
Report – Pandemic Provides Catalyst for Higher Platinum Prices
There is growing interest among investors for platinum's role as a store of value. We examine how the global pandemic has impacted platinum supply and demand, and offer our bullish outlook.
The Palladium Play - Part 1
Report – The Palladium Play Part 1
Palladium is a key component for ICE autocatalysts. While escalating U.S.-China trade wars have hurt many commodities, palladium's importance continues to support its performance. 
The Palladium Play - Part 2
Report – The Palladium Play Part 2
Palladium’s rise is best understood by analyzing its unique supply-demand dynamics. Russia and South Africa account for nearly 80% of the world's production, and a chronic supply deficit keeps pushing prices higher.
The Platinum Opportunity - Part 1
Report – The Platinum Opportunity Part 1
Also known as “white gold” or the “bright white metals,” platinum and palladium are members of the Platinum Group Metals (PGM) and typically co-occur in ore deposits (the group also includes ruthenium, rhodium, osmium and iridium). 
The Platinum Opportunity 2
Report – The Platinum Opportunity Part 2
Platinum is one of the rarest of metals but often flies under the radar. In Part 2, we look at platinum supply-demand dynamics and explain why we believe that platinum is a critical precious metal.
Platinum Introduction
Report – WPIC: Platinum 101 An Introduction for Investors
Platinum benefits from being both an industrial and precious metal, 30 times rarer than gold. Many of platinum’s varied applications provide solutions highly relevant to global challenges.

Shree Kargutkar, CFA

Managing Director, Sprott Inc.; Senior Portfolio Manager, Sprott Asset Management, LP

Shree Kargutkar"The supply of both platinum and palladium is rather steady, with both amounting to approximately 250-280 tonnes every year. While most platinum (~90%) is produced in the South African region (including Zimbabwe), a large supply of palladium comes from Russia (29%) and South Africa (27%) and is generally mined as a by-product of nickel mines in Russia and platinum mines in South Africa.”

Uranium

Uranium Education Center

Nuclear power is the largest source of clean energy in the U.S. and is created through "fission", which involves the splitting of uranium atoms.1

Webcast - Uranium Miners and the Clean Energy Opportunity
Webcast – Uranium Miners and the Clean Energy Opportunity
A new uranium bull market is underway. Uranium miners are well positioned to take share within the energy sector as energy security and decarbonization take center stage globally. 

youtube-uranium

Video - How It's Made - Uranium Part 1

Watch and learn how uranium is mined and milled in northern Saskatchewan.

Excerpt from a 2016 episode of How It's Made - a Discovery Communications televised program.

youtube-uranium

Video - How It's Made - Uranium Part 2

Watch and learn how uranium is mined and milled in northern Saskatchewan.

Excerpt from a 2016 episode of How It's Made - a Discovery Communications televised program.

podcast
Podcast S2 E4 – Uncovering the World of Uranium
Host Ed Coyne is joined by Tim Rotolo, co-creator of the North Shore Global Uranium Mining Index (URNMX), to discuss the current dynamics of the uranium mining sector and how the Index is constructed to provide exposure to the key components of the uranium mining industry.
Whitepaper
White Paper – Unearthing Opportunity: Uranium Miners and the Global Clean Energy Transition
Energy infrastructure and commodity markets are coming into high focus. A new wave of technological changes geared towards higher energy efficiency is underway. We believe that nuclear energy and uranium miners are poised to benefit from this shift.
Uranium: Born of the Stars
Video – Uranium: Born of the Stars
This educational video explores incredible facts about uranium’s inter-planetary origins and its critical role in the burgeoning green energy economy.
Opportunities in Uranium
Podcast S2 E2 – Uranium Update
Host Ed Coyne is joined by Per Jander from WMC Energy for a lively discussion on nuclear energy and how the uranium market has evolved since the launch of the Sprott Physical Uranium Trust. 
Webcast – Uranium & Nuclear Energy: Critical to the Clean Energy Transition
Webcast – Uranium & Nuclear Energy: Critical to the Clean Energy Transition
Nuclear energy’s profile as a highly efficient, reliable and zero-carbon producing energy source has helped to create a new bull market for physical uranium.

Uranium

Diagram – Ranked: Nuclear Power Production, by Country
Nearly 450 reactors around the world supply various nations with nuclear power, combining for about 10% of the world’s electricity, or about 4% of the global energy mix.
Uranium
Infographic – Uranium: A Key Element to Achieve a Net-Zero Carbon Future
As one of the cleanest and most powerful sources of energy, nuclear power could play a key role in helping countries achieve decarbonization goals in the fight against climate change.
Smashing Atoms
Infographic – Smashing Atoms: The History of Uranium and Nuclear Power
The transition to clean energy requires sustainable and zero-carbon energy sources. Nuclear power offers a clean energy solution powered by uranium.
The Bear Market for Uranium is Over
Video – The Bear Market for Uranium is Over
John Ciampaglia joins BNN Bloomberg to discuss Sprott's takeover of Uranium Participation Corporation (UPC) and why he believes the climate for this kind of transaction is most appropriate now.

Uranium & Nuclear Power Play a Critical Role in the U.S.

Report – Uranium & Nuclear Power Play a Critical Role in the U.S.
Nuclear power generates more than 50% of the carbon-free electricity in the U.S. while meeting 20% of the country's electricity demand.
Why Nuclear Power Plant Life Extensions & Uprates Matter
Report – Why Nuclear Power Plant Life Extensions & Uprates Matter
Research and development on small modular nuclear reactors (SMRs) are underway globally and generating tremendous buzz. ​
Key Facts about Spent Nuclear Fuel
Report – Key Facts about Spent Nuclear Fuel
Chemical reactions of fossil-fuel plants release more radiation into the environment than the operation of nuclear energy plants — 10 times more.
Uranium: A Key Element for a Net-Zero Carbon Future
Webcast – Uranium: A Key Element for a Net-Zero Carbon Future
Uranium spot prices have been rising in 2021, in what we see as a strong new bull market. Investors are betting on nuclear energy’s profile as a highly efficient, reliable and clean energy source. 
Opportunities in Uranium
Podcast S1 E6 – Opportunities in Uranium
Sprott's Ed Coyne and John Ciampaglia join Per Jander of WMC Energy to discuss the promising investment case for uranium and the launch of Sprott Physical Uranium Trust (TSX: U.UN).
Uranium: The Catalyst in the Clean Energy Movement
Video Uranium: The Catalyst in the Clean Energy Movement
John Ciampaglia chats with the founder of The Bear Traps Report, Larry McDonald, and provides a compelling thesis on why uranium is a vital component for the energy needs of the world.

Looking for more uranium resources?

John Ciampaglia, CFA, FCSI

Senior Managing Director, Sprott Inc.; Chief Executive Officer, Sprott Asset Management

John Ciampaglia, CFA SprottNuclear radiation exposure is minimal compared to the many sources of radiation we could come across in our daily lives. ~80% of an average person’s annual radiation exposure comes from natural sources, such as sunlight, soil and water, while ~18% comes from man-made sources such as computers, cell phones and x-rays. Less than only 1% comes from the nuclear industry, including uranium exploration and mining.

1 Source: U.S. Department of Energy, Office of Nuclear Energy. "Clean energy", per the U.S. Department of Energy, is defined as energy from these sources: including solar, wind, water, geothermal, bioenergy & nuclear. Please visit https://www.energy.gov/clean-energy for more details.


Important Disclosure

Past performance is no guarantee of future results. You cannot invest directly in an index. Investments, commentary and statements are that of the author and may not be reflective of investments and commentary in other strategies managed by Sprott Asset Management USA, Inc., Sprott Asset Management LP, Sprott Inc., or any other Sprott entity or affiliate. Opinions expressed in this commentary are those of the author and may vary widely from opinions of other Sprott affiliated Portfolio Managers or investment professionals.

This content may not be reproduced in any form, or referred to in any other publication, without acknowledgment that it was produced by Sprott Asset Management LP and a reference to sprott.com. The opinions, estimates and projections (“information”) contained within this content are solely those of Sprott Asset Management LP (“SAM LP”) and are subject to change without notice. SAM LP makes every effort to ensure that the information has been derived from sources believed to be reliable and accurate. However, SAM LP assumes no responsibility for any losses or damages, whether direct or indirect, which arise out of the use of this information. SAM LP is not under any obligation to update or keep current the information contained herein. The information should not be regarded by recipients as a substitute for the exercise of their own judgment. Please contact your own personal advisor on your particular circumstances. Views expressed regarding a particular company, security, industry or market sector should not be considered an indication of trading intent of any investment funds managed by Sprott Asset Management LP. These views are not to be considered as investment advice nor should they be considered a recommendation to buy or sell. SAM LP and/or its affiliates may collectively beneficially own/control 1% or more of any class of the equity securities of the issuers mentioned in this report. SAM LP and/or its affiliates may hold short position in any class of the equity securities of the issuers mentioned in this report. During the preceding 12 months, SAM LP and/or its affiliates may have received remuneration other than normal course investment advisory or trade execution services from the issuers mentioned in this report.

SAM LP is the investment manager to the Sprott Physical Bullion Trusts (the “Trusts”). Important information about the Trusts, including the investment objectives and strategies, purchase options, applicable management fees, and expenses, is contained in the prospectus. Please read the document carefully before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. This communication does not constitute an offer to sell or solicitation to purchase securities of the Trusts. You will usually pay brokerage fees to your dealer if you purchase or sell units of the Trusts on the Toronto Stock Exchange (“TSX”) or the New York Stock Exchange (“NYSE”). If the units are purchased or sold on the TSX or the NYSE, investors may pay more than the current net asset value when buying units or shares of the Trusts and may receive less than the current net asset value when selling them.

The risks associated with investing in a Trust depend on the securities and assets in which the Trust invests, based upon the Trust’s particular objectives. There is no assurance that any Trust will achieve its investment objective, and its net asset value, yield and investment return will fluctuate from time to time with market conditions. There is no guarantee that the full amount of your original investment in a Trust will be returned to you. The Trusts are not insured by the Canada Deposit Insurance Corporation or any other government deposit insurer. Please read a Trust’s prospectus before investing.

The information contained herein does not constitute an offer or solicitation to anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada or the United States should contact their financial advisor to determine whether securities of the Funds may be lawfully sold in their jurisdiction.

The information provided is general in nature and is provided with the understanding that it may not be relied upon as, nor considered to be, the rendering or tax, legal, accounting or professional advice. Readers should consult with their own accountants and/or lawyers for advice on their specific circumstances before taking any action.

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