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  5. PHYS: Hi, In a recent response, I don't think it is correct that PHYS gold is held outside Canada. [Sprott Physical Gold Trust]

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Q: Hi,
In a recent response, I don't think it is correct that PHYS gold is held outside Canada. According to the website it is held at the Royal Canadian Mint.
Thanks, Michael

Q: Do you have any preference between GLD & PHYS? Thanks.

Asked by Charles on June 10, 2024

5I RESEARCH ANSWER:

We (Peter) were involved in the initial set up of PHYS, and we believe it is better, because it holds its gold outside of Canada, units can be fully transferred into bullion (at minimum amounts) and it does not lend out its gold holdings as GLD is purported to do.
Asked by Michael on June 10, 2024
5i Research Answer:
Sorry this was our error. We meant outside the USA. We will adjust the prior answer.  
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