The Sprott Physical Gold Trust (NYSE Arca: PHYS) currently holds 2,483,655 ounces of gold*. PHYS provides investors with exposure to physical gold at a time when demand is high, causing excessive premiums for coins and bars.
*As of September 30, 2020
The Trust only holds fully allocated and unencumbered gold — no exceptions. PHYS exclusively invests in London Good Delivery ("LGD") physical gold bullion.
Unitholders can redeem their units for physical gold bullion on a monthly basis, subject to certain minimum requirements.1
The Trust's metal 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.
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.
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.
Trust units are highly liquid, with average daily trading volume of $40 million, and can be sold on any open trading day for the New York Stock Exchange or Toronto Stock Exchange.
Important PHYS Links
|1||Please see “Redemption of Physical Gold” in the Prospectus.|
|2||15% for single filers earning under $400,000; 20% for married filers earning over $450,000 and single filers earning over $400,000. For more details, please see Tax Information and always consult your tax accountant regarding your particular situation.|
You are now leaving Sprott.com and entering a linked website. Sprott has partnered with ALPS in offering Sprott ETFs. For fact sheets, marketing materials, prospectuses, performance, expense information and other details about the ETFs, you will be directed to the ALPS/Sprott website at SprottETFs.com.Continue to Sprott Exchange Traded Funds
You are now leaving Sprott.com and entering a linked website. Sprott Asset Management is a sub-advisor for several mutual funds on behalf of Ninepoint Partners. For details on these funds, you will be directed to the Ninepoint Partners website at ninepoint.com.Continue to Ninepoint Partners
You are now leaving sprott.com and linking to a third-party website. Sprott assumes no liability for the content of this linked site and the material it presents, including without limitation, the accuracy, subject matter, quality or timeliness of the content. The fact that this link has been provided does not constitute an endorsement, authorization, sponsorship by or affiliation with Sprott with respect to the linked site or the material.Continue