Sprott Physical Gold Trust

Sprott Physical Gold Trust is a closed-end investment trust, which engages in investing and holding substantially all of its assets in physical gold bullion. Its investment objective is to provide a secure, convenient, and exchange-traded investment alternative for investors through investing primarily in long-term holdings of unencumbered, fully allocated, physical gold bullion and will not speculate with regard to short-term changes in gold prices. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.

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A rising dollar has been applying downward pressure on gold and silver following the U.S. presidential election. But market experts are still forecasting record prices for both precious metals heading into 2025.

Positive Forecasts for Gold, Silver Despite Dollar Pressure

TORONTO, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Gold Trust (NYSE: PHYS) (TSX: PHYS / PHYS.U) (the “Trust”), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical gold bullion, today announced that it has added additional sales agents to its at-the-market equity program to issue up to US$1 billion of units of the Trust (“Units”) in the United States and Canada.

Sprott Physical Gold Trust Updates Its “At-the-Market” Equity Program

The U.S. post-election rally is dissipating quickly, giving way to more upside for gold. In particular, increasing tensions between Russia and Ukraine is spurring a flight to safe haven assets and reinvigorating gold prices again.

Rising Russia-Ukraine Tensions Reinvigorates Gold Prices

Gold continues to surge and rising debt levels in the U.S. and elevated yields should help keep the precious metal bullish. Gold prices are already up over 30% for the year and could keep climbing.

Rising U.S. Debt and Yields Keep Gold Bullish

Amid global uncertainties, gold continues to push higher. The precious metal is already up over 30% for the year as it eyes the $2,800 per ounce price marker as the next goal.

Global Uncertainties Push Gold to New Record Highs

Economic data could put the Federal Reserve in a state of flux as it decides to cut interest rates while still receiving data that the economy is running hot. In the meantime, this maintains the bullish case for gold.

Mixed Economic Data Maintains Bullish Case for Gold

Gold is continuing its climb, breaching the $2,600 mark recently. It looks well on its way past $2,700.

Rise to $3,000 for Gold ‘Only a Matter of Time'

Rate cut expectations continue to add fuel to gold's serendipitous rise this year as the precious metal pushes past the $2,600 mark. Gold is already up over 26% for the year, outpacing the S&P 500.

Gold Pushes Past $2,600 En Route to New Highs

TORONTO, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (“Sprott Asset Management”), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Gold Trust (NYSE: PHYS) (TSX: PHYS / PHYS.U) (the “Trust”), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical gold bullion, today announced that it has updated its at-the-market equity program to issue up to US$1 billion of units of the Trust (“Units”) in the United States and Canada.

Sprott Physical Gold Trust Updates Its “At-The-Market” Equity Program

Gold rallying may have been unforeseen by some, but to the vast majority, it could still offer a bullish investment prospect especially with interest rate cuts looming. The precious metal is up over 20% for the year, surpassing the S&P 500's 19% gain.

Looming Rate Cuts Can Keep Gold Bullish

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As the quarter winds down, investors can look at 13-F filings to determine what the best minds on Wall Street are planning for the coming months. The Securities and Exchange Commission (SEC) requires these filings whenever an individual investor or fund holds a significant enough stake in any given stock, so this is a regular filing for big players like Warren Buffett.

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PHYS provides exposure to allocated gold bullion stored at the Royal Canadian Mint. Gold and PHYS have traded sideways since April, working off overbought conditions. With the Fed expected to begin cutting rates in September, I believe PHYS' consolidation is coming to an end. I reiterate my buy rating.

PHYS: Potential Fed Rate Cut Could Be A Huge Positive Catalyst

The exit from gold-based ETFs last week was counterbalanced by safe haven demand amid heavy market volatility. When rates fall and the dollar declines, gold's rally could resume.

Safe Haven Demand Counteracting Gold ETF Outflows

While the anticipation of the first interest rate cut is building, so are recession fears. That could add another catalyst for higher gold prices as forthcoming economic data could hint at slower growth.

Renewed Recession Fears Can Push Gold Prices Upward

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When it comes to doing well in a recession, few names come to mind quicker than that of  ‘The Big Short ' investor Michael Burry.

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Gold has been holding steady despite a stronger-than-expected Producer Price Index. Given its resilience, some market pundits see it reaching fresh all-time highs after hitting a consolidation phase.

Fresh All-Time Highs Could Be in Store for Gold

Gold's allure isn't relegated to just China demand and central bank buying. The World Gold Council, in an insights report, highlighted the growing demand from North America investors with an eye on the precious metal's fundamental benefits.

North America Investors Attracted to the Fundamentals of Gold

Famous for his exploits featured in the book and film The Big Short, hedge fund manager Michael Burry made news once again, this time for going long on a peculiar asset. Burry's Scion Asset Management acquired a huge stake in Sprott Physical Gold Trust (NYSEARCA: PHYS ), a unique closed-end fund that focuses almost exclusively on physical gold.

PHYS ETF Alert: Michael Burry Is Betting Big on This Gold Fund

While he added to and trimmed several positions, the standout move was his new investment in Sprott Physical Gold Fund NYSEARCA: PHYS. In this article, we'll delve into the highlights of this filing and why he chose to invest in physical gold over other forms of the precious metal.

The Real Reason Michael Burry is Buying Physical Gold

(Kitco News) - Despite its criticism of being an outdated relic, billionaires appear to be taking a new interest in gold.

The Big Short's Michael Burry makes a $10 million bet in Sprott Physical Gold Trust

Michael Burry, known for his successful bets during the 2008 financial crisis, has found a clever arbitrage opportunity in a physical gold ETF. Burry's positions are in the Sprott Physical Gold Trust, which allows investors to take delivery of the gold if they buy enough. Burry bought for a discount and now can sell for close to NAV thanks to the publicity from his 13-F - if he didn't already take delivery.

Michael Burry Just Made A Brilliant Gold Arbitrage Trade In PHYS

Michael Burry's Scion Asset Management dumped positions in Alphabet Inc. and Amazon.com Inc. during the first quarter while buying shares of an exchange-traded fund that invests in physical gold, according to a filing with the Securities and Exchange Commission released Wednesday.

Michael Burry's Scion dumps Alphabet and Amazon, buys shares of gold ETF

The Federal Reserve keeping rates unchanged may have caused gold to retreat. But the long-term trend still favors more upside in the precious metal.

Long-Term Upside Favors Gold Despite Recent Pullback

With artificial intelligence (AI) capturing investor imagination these days, gold's recent rally might be a mere blip on the radar. A Sprott Special Gold Report from John Hathaway, managing partner at Sprott Inc. and Sprott Asset Management senior portfolio manager, could be hinting that more upside could be on the near horizon.

Investor Indifference Could Give Way to More Gold Upside

While historical price patterns aren't always an accurate indicator of directional fortune telling, it could be a potential sign that gold could be in for another breakout. The precious metal's rise has been in tandem with a strong stock market as the S&P 500 has been touching new highs in the first quarter of 2024.

News for Sprott Physical Gold Trust ETF (PHYS)