Investment Q&A

Q: Is CEF just a convenience to hold both PHYS and PSLV in one entity ?

Q: Good morning,
I see "Sprott Physical Gold and Silver Trust Updates Its 'At-The-Market' Equity Program" and may issue up to one billion dollars of new units. If I understand this correctly, Sprott will issue new units at the market price. So say gold and or silver go up, Sprott will issue new units, does this not stop the price of CEF from participating in the price rise of the metals and they issue new units and therefore reduce the demand from the market for units currently available and cap the price rise? If one wants to participate in the rise in gold and or silver appreciation it seems to me CEF is therefore not the way to do it.
Thanks.

Q: Hello -
My goal is 10% precious metals weighting in my portfolio. I am currently 2% GDXJ and 6% CEF. If I want bullion to be 8%, is it necessary to split that up between CEF and PHYS? Or can the remaining 2% be put into the existing CEF?

Thanks.

Q: Hi team,
I currently have holdings in the above companies and ETFs, and with the exception of MAG I am up between 12-90% on all of these. I am thinking that I should take some profits to reduce my exposure in the gold and silver sector.
Are there any of these that you would recommend getting out of, or would I be better to pare down my holding in each to get back to an acceptable percentage of my portfolio?
Also, if I was to hold some of these longer term, say 1-3years, can you please rank them in order of which you would recommend holding for that length of time.
thanks as always,
Paula

Q: I'm 2 years from retirement. I will have a company pension. Within my dividend growth stock portfolio, I've already reached my dividend income goal.

With all the money printing and worldwide government debt, I am looking to increase my gold exposure in attempt to diversify one step further, and (hopefully) provide some investment protection. It may not be the '70's all over again, but hard assets seem to becoming more attractive.

I would like to increase my gold exposure to 20%.
I know weighting is a personal choice, and I know you tend to moreless limit weighting in a given stock to about 5%.
Currently I am at about 5% with CEF, and only about 1% with GDXJ - to potentially provide a bit of torque. I would like increase those weightings to 17% and 3% respectively. Is this reasonable? I don't know if there is really any benefit in splitting the bullion exposure to CEF / PHYS, do you?

How do my NTR (5%), CMP (1%), DBC (1%) commodity investments fit into this picture? Should they be part of the 20% or would you consider those as a separate sector, and thereby figured separately from the overall weighting?

Thanks.

Q: Hello, in the company profile of PHY and CEF, it says that their Industry Classifications - Sector is Financial Services. I was a bit surprised to see that. Could you explain why these ETFs are classified under Financial Services rather than Basic Materials? Thanks, Gervais

Q: my question is what is the difference between cef and phys if any and which is a better hold

Q: In the question asked by James on gold and silver you mention DBC but I can’t find any information on this and CEF was the symbol in the heading.Is it DBC or should it be a different Stock/ ETF ?

Thanks

Q: Is there an existing ETF that allows one to invest in commodities (non-equity), similar to how one in can invest in gold and silver bullion through CEF ?

Q: For Canadians to hold a physical gold or silver ETF rather than a product that uses derivatives type ETF that has more risk, would you recommend PSLV, CEF or PHYS. Do you feel these track the spot prices well. I am looking right now and today silver spot on bloomberg is up 1.60% but PSLV on Toronto is up only 0.60% and the currency difference does not explain the difference as PSLV in US$ is up only 0.60% as well. That seems alot that is pushing over to a NAV premium discount.

Q: Greetings-
Other than CEF's silver holdings, how does it differ from PHYS? What is its silver/gold ratio? Any preference or hold both? Thanks.

Q: Hi there : what would you recommend to protect the portfolio from a high inflation due to all the stimulus packages for the pandemia ?, gold (i.e CEF) , or ENB (with physical assets that will go up in value if inflation goes up). Are shares of financial companies (i.e. TD) protected against inflation ?
thanks

Q: Other than CEF holding silver and gold bullion what differences are there between it and PHYS. Ownership of physical bullion, redemption of units for bullion etc.
Thanks Kenn

Q: Can you explain the difference and which etf is which? I’m seeing conflicting info. I assume one is CAD hedged? If I think the USD rally has just about ran it’s course which should I buy? Thanks

Q: Is CEF and CEF.U a good choice as a holding of gold and silver bullion. I realise there are storage costs involved but can you suggest an alternative that also holds the actual metals in storage. Preferably with lower MER than what Sprott collects on CEF at .73%.
An e.t.f. perhaps? Or just go with a solid producer such as AEM and forget bullion.
The maximum 5% holding is for portfolio insurance.
Thank you.

Q: What is the difference between CEF and PHYS? Which is the better one to own in a rising gold market? Thank you.