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Bullboard - Stock Discussion Forum Sprott Physical Gold Trust T.PHYS

Alternate Symbol(s):  PHYS

Sprott Physical Gold Trust (the Trust) is a closed-end mutual fund trust. The Trust was created to invest and hold substantially all of its assets in physical gold bullion. The Trust's investment objective is to provide exchange-traded investment alternative for investors interested in holding physical gold bullion without the inconvenience that is typical of a direct investment in physical... see more

TSX:PHYS - Post Discussion

Sprott Physical Gold Trust > SVB Bailout - Good for gold and silver
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Post by Welland on Mar 13, 2023 1:33pm

SVB Bailout - Good for gold and silver

If you listen to te news today, many investors are rushing to safety : Gold, Silver and T-Bills.

The precious metals non beleivers who have lot of money in the banking system will transfer their money into T-Bill. It is more safe to have your assets out of the banking system : gold, silver and T-bill

If the politicians can't stop the bank withdraws, we shall see many more Bank runs.
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