No. of Recommendations: 1
GLD (or SLV) is not the same as physical thus a lot of institutional investors are dumping the ETFs for the real thing (the real physical metal).

Besides miner shares, the only "paper" gold or silver I hold are with Sprott (PHYS and PSLV).

Here's what Sprott says about taking physical delivery on PHYS:

Unitholders will have the ability, on a monthly basis to redeem their units for physical gold bullion for a redemption price equal to 100% of the NAV of the redeemed units, less redemption and delivery expenses...
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.