Ben Kramer-Miller
Gold & precious metals, macro, research analyst, deep value

Physical Bullion Trusts Are A Game-Changer For Sprott Inc.

My thesis here is that shares of Sprott Inc. (OTCPK:SPOXF) stand to benefit from an increase in revenues realized from the Sprott physical bullion trusts. After describing this new business I will discuss more generally how gold and silver bullion ETPs have been growing in popularity and how they will likely continue to increase their overall assets under management. I will then discuss the specific benefit to investors that the Sprott funds offer over their more popular alternatives. The superiority of Sprott's products will likely lead to an increase in market share, particularly in the company's gold trust. Given the relative size of this business to Sprott's market capitalization of $625 million it follows that the growth in...

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