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, Iacono Research (181 clicks)
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Some of you may have heard about how one gold fund seems to be diverging from all the others, that is, the recently launched Sprott Physical Gold Trust (NYSE:PHYS) in Canada where physical gold is held outside the purview of HSBC or any other bullion bank.

Today’s action is a bit extreme, but, then again, these are extreme times and people do extreme things, such as paying a premium for a gold fund that they believe actually has the gold they say they have and is not subject to confiscation by the U.S. government as some fear. Of course, it has other advantages too, such as a lower tax rate for U.S. buyers.

Source: All Gold Funds Are Not the Same