In November last year I posted on some physical redemption from the Sprott gold and pt/pd funds. Since then there have been some more beefy redemptions, which is related to the fact that these two fund (and not the silver one PSLV) are trading at a discount - as I said in November, "as long as it continues to trade at a discount we should continue to see these redemptions."
|Date||Gold (PHYS)||Platinum (SPPP)||Palladium (SPPP)|
|% since July 2013||14.4%||9.6%||9.6%|
So, you're telling me that Sprott's gold is being raided, just like GLD's, assuming Sprott actually holds gold? Sorry, couldn't resist sticking it to the goldbuggers out there.ReplyDelete
Surely Sprott's gold being raided is good for goldbugs, no?ReplyDelete
True 'goldbugs' know Sprott is a charlatan!ReplyDelete