Weekend June 15, 2024
Metals have a habit of doing nothing and then exploding one way or the other.
SLV is an ETF of silver metal and it has exploded this year. I expect much higher prices.
GLD is a gold metal ETF but trades at 4216. DGP is a 2X gold ETF run by Deutsche Bank. Remember it moves 2x the gold market both up and down. MACD looks very favorablefor entry.
It is now the Sprott Physical Gold and Silver rust. Here is the website.
https://sprott.com/investment-strategies/physical-bullion-trusts/gold-and-silver/
nvestment Objective
The Sprott Physical Gold and Silver Trust
(CEF) is a closed-end trust that invests in
unencumbered and fully-allocated physical
gold and silver bullion in London Good
Delivery bar “form”.
Goal
Provide a secure, convenient and exchange-traded investment alternative for investors who want to hold physical gold and silver without the inconvenience that is typical of a direct investment in physical bullion.
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Interestingly the website shows tehnet asset value, literal value of the gold versus the market price. Amazing but with gold at an all time high, CEF is grading a a 5% discount to net asset value. This is amazing telling us the investing public still has not bought the gold story. There is a PSLV Sprott silver trust, trading at $9.80 and PHYS gold trading at $18.12. Both trade at a discount to NAV, something you will not find trying to buy the physical gold from a dealer.
Sprott Silver Trust
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