Sprott Physical Gold ETF Starts Trading On NYSE

Sprott Asset Managements physical gold backed ETF starts trading in NYSE and is in line to start trading in Toronto. If you are absolutely unable to buy physical gold yourself, buying PHYS is better than buying GLD. People like David Einhorn dumped GLD to buy physical gold instead. I have personally met some of the GLD and Comex people and am convinced there is something very wrong there. Some would even say they are frauds possibly. I would highly recommend you not to get involved with GLD. PHYS is definitely a better medium.

Here is the GATA.org article:

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Sprott Physical Gold Trust begins trading on NYSE

Submitted by cpowell on Sun, 2010-02-28 15:51. Section: Daily Dispatches

10:48a ET Sunday, February 28, 2010

Dear Friend of GATA and Gold:

Ron Rowland, executive editor of the Invest with an Edge market letter, reports that Sprott Asset Management's new physical gold fund, the Sprott Physical Gold Trust, began trading Friday on the New York Stock Exchange under the symbol PHYS and that a listing in Toronto is pending. Shares are redeemable for gold bars and the trust's metal will be stored at the Royal Canadian Mint. Rowland's report is headlined "PHYS: Now You Can Store Your Gold in Canada" and you can find it at Invest with an Edge here:

http://investwithanedge.com/phys-now-you-can-store-your-gold-in-canada

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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