Sprott Physical Gold and Silver Trust
Gold and Silver are Proven Safe Havens
Invest with one of North America’s leading managers of physical bullion funds.
The Sprott Physical Gold and Silver Trust (NYSE Arca: CEF) currently holds approximately 1.426 million ounces of gold and 58.231 million ounces of silver*. CEF provides investors with exposure to both precious metals at a time when demand is very high, and access is becoming more difficult due to disruptions in the global mining supply chain.
*As of December 31, 2022
|Net Asset Value per Unit||$19.19|
|Previous Closing Market Price||$18.39|
Reasons to Own CEF
1. Fully Allocated Gold and Silver
The Trust only holds fully allocated and unencumbered precious metals — no exceptions. CEF exclusively invests in London Good Delivery ("LGD") physical gold and silver bullion. Currently, CEF is 66.1% invested in gold and 33.8% in silver (as of 11/30/2022).
2. Redeemable for Metals
Unitholders can redeem their units for physical gold and silver bullion on a monthly basis, subject to certain minimum requirements.1
3. Trustworthy Storage
The Trust's metals will be held in custody by the Royal Canadian Mint, a Federal Crown Corporation of the Government of Canada. There is no levered financial institution between the unitholders and the Trust's physical bullion and no risk of financial loss in the event of a bankruptcy or nationalization of the financial institution.
4. Potential Tax Advantage
The Trust offers a potential tax advantage for certain non-corporate U.S. investors. Gains realized on the sale of the Trust’s units can be taxed at a capital gains rate of 15%/20%2 versus the 28% collectibles rate applied to most precious metals ETFs, coins and bars.
5. Easy to Buy, Sell and Own
Trust units can be purchased on any open trading day for the New York Stock Exchange or Toronto Stock Exchange. No need for investors to handle, secure or protect the physical metal.
6. A Liquid Investment
Trust units are highly liquid, with average daily trading volume of C$8 million, and can be sold on any open trading day for the New York Stock Exchange or Toronto Stock Exchange.
1 Please see “Redemption of Physical Gold and Silver” in the Prospectus.
2 15% long-term capital gains tax rate for single filers earning between $40,000 to $441,450 per year; 20% long-term capital gains tax rate for married filers earning over $496,600 per year. For more details, please see Tax Information and always consult your tax accountant regarding your particular situation.
Important CEF Links
Insights from Sprott
†The Trusts are closed-end funds established under the laws of the Province of Ontario in Canada. PHYS, PSLV, CEF and SPPP are available to U.S. investors by way of listings on the NYSE Arca pursuant to the U.S. Securities Exchange Act of 1934. The Trusts are not registered as investment companies under the U.S. Investment Company Act of 1940.
††SESG is a U.S. registered exchange traded fund established pursuant to the U.S. Securities Act of 1933 and is listed on the NYSE Arca.
The Sprott Physical Gold and Silver Trust is generally exposed to multiple risks that have been both identified and described in the prospectus. Please refer to the prospectus for a description of these risks. This material must be preceded or accompanied by a prospectus. For an additional copy of the prospectus please visit https://sprott.com/investment-strategies/physical-bullion-trusts/gold-and-silver/.
Precious metals investments are more volatile on a daily basis and have higher headline risk than other sectors as they tend to be more sensitive to economic data, political and regulatory events as well as underlying commodity prices. Precious metals investments have price fluctuations based on short-term dynamics partly driven by demand/supply and also by investment flows. Precious metals investments tend to react more sensitively to global events and economic data than other sectors.
Past performance is not an indication of future results. All data is in U.S. dollars unless otherwise noted. 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 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. Sprott Asset Management LP is the investment manager to the Sprott Physical Gold and Silver Trust (the “Trust”). Important information about the Trust, including the investment objectives and strategies, applicable management fees, and expenses, is contained in the prospectus. Please read the prospectus carefully before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or operational charges or income taxes payable by any unitholder that would have reduced returns. 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. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. 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. 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.