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Gold/Mining/Energy : Chesapeake Gold -- Ignore unavailable to you. Want to Upgrade?


To: Gib Bogle who wrote (8436)7/20/2020 11:25:28 PM
From: stuffbug  Read Replies (1) | Respond to of 9054
 
Sprott is not buying the silver for himself. It is for Sprott Silver Trust, an exchange traded fund, sort of like GLD. However, unlike GLD, there are no sub-custodians or paper contracts. For the Sprott ETF, the physical silver is stored at the Canadian Mint and is audited.

Sprott is anticipating future demand and is simply filing the legal paper work so that units can be issued at any time.