PHYS
Sprott Physical Gold Trust
Mentions (24Hr)
-100.00% Today
Reddit Posts
PSLV vs THE WORLD - Must read for gold and silver bugs.
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We are in the early stages of an inflation driven financial crisis
Platinum is about to soar, so get allocated platinum (SPPP) now
Platinum is about to soar, so get allocated platinum (SPPP) now
Chaos in South Africa may cause a COMEX default
Old portfolio is PHYS, IAU, GLD, BABA, AMC, TSLA, PLTR, ASTS, SPOT, MNMD, and last but not least, GME. Current portfolio is straight PHYS, IAU, and GLD. And this is after about a month maybe. Wake up, people, the end is nigh.
Expect to be flooded today with shills. They love preying on your emotions. Give them no rest.
Uranium market update, one of the biggest catalysts to date is about to be in place.
Mentions
A diversified global portfolio, structured as per your risk appetite. For stocks, you can use a global ETF such as VWRA. For bonds, again a global ETF such as AGGG. If you have a large portfolio, you can also buy individual bonds from different countries and denominated in multiple currencies to protect yourself from currency risk. Some gold is also good. A reputed ETF such as PHYS or GLD. If you want to take more risk and are ok with volatility, consider silver. And for a high-risk high-return part of your portfolio, you can add some Bitcoin too - it's core purpose of existence is situations like yours. You can use ETFs such as FBTC or IBIT, or buy directly and store in a cold wallet too.
For future reference, GLD is treated as a collectible in the tax code, and has a 28% cap gains rate PHYS is treated as a normal security with normal cap gains table
I rarely ever short stocks, so I am the wrong person to ask. My largest positions are $PHYS (Gold) and $TLT. But when I see a meatball being thrown over the plate, sometimes I like to take a swing for the fences. The doesn't mean its going to hit. But I feel the potential to hit a HR on this trade is quite high.
who woke SLV and PHYS up?
I found out that PHYS only tax you as regular income, still a gold trust
Why are you even pushing BlackRock's paper gold $GLD garbage?!? Read their prospectus if you don't know what I'm talking about. 🙆🙇🤦 If you're going to direct them to an ETF gold product, then you should be steering these regards to $PHYS, the Sprott gold ETF guaranteed to be backed by actual physical metal.
What are you talking about? GLD is backed by physical gold in vaults but not directly redeemable. I had to look this up but PHYS is redeemable for 400 oz bars. Do you have $1.5mil+ worth of PHYS to redeem?
PHYS is better anyways, not taxed as a collectible
GLD is unallocated paper gold that provides liquidity for market makers to cover short futures contracts rather than source physical metal on your behalf - it defeats the entire point of a gold allocation using GLD and SLV - PHYS and PSLV are fully allocated, redeemable by retail, and when they trade at a premium to NAV and issue new shares, they enter the market to buy physical. Trading options on GLD is completely incongruent to the thesis of being long gold. Buy PHYS and PSLV. Especially PSLV when the market is severely supply constrained and SLV inflows provide bailout liquidity instead of exasperating the squeeze.
Why GLD over PHYS? I feel slightly more confident in the latter. Of course, neither is the same as having it in your hands.
I hold PSLV - I'd say PHYS is probably the way to do it. Good to know about TurboTax not supporting form 8621 though. Might just print it out and mail it in to the IRS if nothing else.
PHYS is another physically-backed ETF.
PHYS is better than GLD
PHYS is backed by physical gold and it’s stored at the Canadian mint.
Change the $SGOV position with $TLT and my port is weighted pretty similar along with a 25% weight in $PHYS (Gold). I do have a pretty big 10% $SQQQ position right now. But I am not betting the farm on retail's insatiable love to buy AI bubbles regardless of price.
I made a bundle on PHYS but yeah it's pretty terrifying. This finance youtuber I watch says it's due to a sovereign debt crisis looming. Like, the big one.
I didn't know those things had options. Maybe I'm just thinking of PHYS, PSLV, PALL, etc.
B - barrick mining PHYS. GLD. IAU.
I buy Sprott funds. Like PHYS. Best of both worlds.
I don’t touch GLD, PHYS all the way!
Holding my $PHYS position, sold my silver position and gold miners. Silver usually is a risk on commodity that moves same direction as the $QQQ.
PHYS has a minimum redemption of 400oz, which today is 1.6 million.
>Sprott Physical Gold Trust (PHYS) unitholders have the right to redeem their units for physical gold bullion on a monthly basis, subject to meeting the minimum redemption requirement. The minimum redemption amount is equivalent to one full-sized London Good Delivery bar, which typically weighs between 350 and 430 troy ounces. Not very retail friendly, either.
I guess you probably already know this but just in case you don't ,.If you are in the United States there is a tax filing you have to do with PHYS and PSLV . Its IRS form 8621. QEF election . File with taxes each year with info that sprott releases on their site. It makes it so that you 1. pay normal capital gains tax instead of the collectible tax and 2. If you DON'T file it those ETFS have worse tax treatment because they are listed as passive foreign investments. Sorry to be a know it all if you already know all that
Why PHYS vs GLD? Just curious.
This is great info, thanks. Glad I put a good chunk in PHYS early this year, but in comparison to the mining companies…
As of last month, I treat my own money as a gold-backed currency. Anytime I sell, I buy PHYS, anytime I want to buy, I sell PHYS to do so. I don't trust USD/ bonds rn as a store of value.
Everyone saying GLD, but I think PHYS is superior from a tax perspective - GLD gains will get charged at like 28% collectible sales rate. But if you hold over a year and file the QEF tax form in time, PHYS gains get treated like long term capital gains - 15% for most of us.
I'm mostly invested in $PHYS (Gold) and $TLT. I still have a large position in At&T that I bought at the bottom 2 years ago when all the doomers claimed the gov't was going to make At&T pull out all that cancer causing underground cables. Gold has outperformed AI during this bubble so I would consider myself long.
I don't know IAU well, but all the gold held in PHYS is real and audited. I believe you could get physical delivery if you wanted to. if you're holding in a tax preferred account, I'm sure you're fine either way, even with GLD
In my roth I just have a bunch of IAU shares. Is there a major benefit to swapping to PHYS? I got IAU bc of the lower expense ratio but don't know much about PHYS
PHYS for shares, GLD for options GLD shares are treated as a collectible per the tax code and have a 28% cap gains fee attached, regardless of transaction size. I don't even know if you can write off losses on GLD against gains, actually.
PHYS has better tax treatment, GLD is regarded as a collectible in the tax code, 28% cap gains rare iirc buy the PHYS ETF, and use options on GLD.
PHYS, just to dip my toes in the water for now
When I say gold I mean portfolio gold. I.e GLD and PHYS. Which allows it to be liquid to meet the needs of this person. It's absolutely a part of a diversified portfolio mix.
PHYS doesn't have options, does it?
PHYS if you're not in EU.
VONG, PHYS, CIBR, XLF. Sorry, that’s 4
PHYS, or the sprott silver ETF. Don't do gld, the races are higher because it's treated as a collectible while PHYS is just a security
PHYS is fully allocated, do that over GLD. Currencies will go down. The only one buying gold right now is central banks, you’ll be glad you did. 7% allocation is all you need
Gold has a tendency to go up as the value of the USD goes down. It’s up a lot since COVID when the Fed printing a ton of cash. Also worth noting PHYS (Gold ETF) was up 6% on Liberation day when everything else was down 20-30% and up 3% on August 1st. Also also worth noting: Michael Burry made PHYS his #1 [holding](https://www.etfstream.com/articles/big-short-s-michael-burry-adds-gold-etf-as-top-q1-allocation) in Q1 of 2024. Go take a look at its chart since then…
I tune out the gambling insanity. $TLT and gold ($PHYS or $GLD) and chill. Interest rates are moving lower, and gold is a hedge in case Trump decides to turn on the money printing bazooka faster than I expect. I was too early on US interest rate cuts in April; but I have still outperformed the S&P 500 YTD due to gold's price appreciation w/o having to guess when to short this current AI greater fool theory bubble.
Yeah, I sold all my individual stocks in May. I missed this rally, but I've had more fun following MLB baseball this summer over stressing over $10K daily stock portfolio moves. I'm sure I will sell some $TLT for the $SPY or $VT once we once again hit the 200 DMA. I still kept my rather large gold ($PHYS) position as a USD/ US Treasury hedge. But individual stocks have more stress than the reward's worth for me going forward.
Today is a pretty nice day for my 100% $TLT and $PHYS (Gold) portfolio. It brings a smile to my face seeing all this green while the rest of reddit is seeing blood red : )
Seconded for PHYS, prefer the the Sprott funds over HSBC or whoever does GLD. I have a question about FBTC - I have a Roth and would like to allocate some bitcoin there. The Greyscale ETF is not allowed, not sure why, haven't looked into it. Do you think FBTC is purchasable in a Roth?
Most are good but I like FBTC for Bitcoin and PHYS for gold. Feel free to PM me if you have any other investment questions
Would something like Sprott PHYS/PSLV/CEF be safe from that? Since it’s (supposedly) physically backed?
PHYS is the way to go for ETF.
If you are not prepared to store it yourself, a gold ETF. I personally use PHYS. If you have the cash, Costco. If you are buying less than an ounce, one of the reputable precious metals dealers online, like APMEX or JM Bullion.
It is. Go for PHYS which is 100% allocated to physical bars with no rehypothication.
Agree, I hold both PHYS and PSLV, they are doing well! I’m doubtful of $100 but $50 very likely!
get OUNZ or PHYS and you can actually convert to physical
Go for PHYS. It's 100% allocated whereas GLD is not.
33% $VT, 33% $GLD/$PHYS, 33% $TLT I like to DCA into stocks, US Treasuries, and Gold and buy what is down. Stocks are overpriced right now and US Treasuries are dirt cheap so this week buy $TLT. Last week was the week to buy Gold, although gold is a decent buy today as it has found support above $3177 after this resent pullback. If you don't own gold, this is a decent price to start DCA into a small position. Stocks, especially US stocks have expensive valuations. That's why I like to own a world stock index over just a US stock index like the $SPY. $VT is about to hit a triple top around $123; so this week would be a very poor choice of weeks to buy stocks. Good Luck
Look at a bunch of different ETFs, some of them advertise “physical ownership” like PHYS, some people mistrust the contracts involved in owning GLD. By the way, if you’re interested in gold because it recently had a big run up, you should understand that this happens a lot, you’d be much better served learning technical analysis that you can understand when it will make its next breakout, whenever that is.
Eh, I don’t think what you are saying is true. ETFs like GLD hold physical gold in vaults in London, NYC, and Zurich. The bars are audited. ETFs like PHYS even allow you to redeem it for a gold bar. Furthermore if that were true, these ETFs would trade at a significant discount to ther NAV which isn’t the case.
$VT and $PHYS. If you are young I would think the an entire world stock ETF and Gold ETF will outperform. I'd go 75% $VT and 25% $PHYS.
The historical avg for the gold/silver ratio is approx 60:1 . Currently, that ratio is 103+. If gold continues to bounce up and the gold/silver ratio returns somewhat to normal, silver's due for a run. If you enjoy gambling and like volatility, sell _some_ PHYS and buy PSLV.
I have tranches of PHYS up almost 70%. So tempting to sell but so tempting to hold out for more.
25% $VT, 25% $SPY, 25% $PHYS/$GLD, $25% $TLT/$SGOV. You should never ask for advise here; but start playing around with those numbers above. I increased my gold ($PHYS) % in 2021 and I was way too early. Today it matters not that I was way too early buying gold. I am also too early buying $TLT in 2025. I believe in 2027 it also won't matter that I was too early buying US Treasuries. I DCA small amounts into $VT because I believe in the total world market valuations over US market valuations and own the $SPY b/c I know I will be wrong at market timing : )
$PHYS. I am a bit of a conspiracy peep so I prefer an actual gold fund that holds actual gold over ticker $GLD.
I'm hedged with 30% gold, which I haven't bought $PHYS since gold went above $2k in case I'm wrong. It's crazy who a 15% hedge became 33% of my port due to appreciation.
GLD isn’t Gold It’s leveraged paper games $PHYS
I am doing BWX (foreign bonds unhedged), FXF (swiss franc), EUAD (european defense), and a little bit of PHYS (physical gold).
USD-denominated is fine. As the price of gold rises versus USD, the value of your fund will increase accordingly. If you bought a gold fund denominated in Euros, and the Euro performed better than USD, then your Euro-denominated gold fund would simply rise less (in Euros). Anyway, I like symbol: PHYS.
I like PHYS - it’s not an ETF, but each share is backed by physical gold in a vault in Canada. Unlike ETFs, You can even directly redeem your shares for physical gold.
FXF and GLD ftw! Actually I’m switching to PHYS in my taxable cuz I plan to hold long term and don’t wanna get fucked by 28% taxes on collectibles.
PHYS and the other Sprotts funds are an easy solution on the gold/metals side.
Look up Sprotts, they'll cover you on all the metals side. PHYS for gold. PSLV for silver etc. Let me know if someone gives you a good answer on the currency side
Don’t be a noob, buy only PHYS (gold) and PSLV (silver) if you want in on this train, not the other wall street derivative trash. *cough* GLD
Most people who follow gold knows the COMEX is fucked. Buy Sprott - PHYS & PSLV
Another great day to own gold ($PHYS) and $TLT.
PHYS, unless you are an Europoor and Ursula banned you from buying US trust funds for your own safety (like, WTF???).
Gold vs the monetary base is extremely low: https://www.macrotrends.net/2485/gold-to-monetary-base-ratio Also the s&p gold ratio is falling and nowhere near it's usual bottom in a financial crisis. Idk im probably selling GLD and PHYS when it hits $4k/oz
PHYS (gold) PSLV (silver). Technically at a certain number you can convert shares to gold but it’s a big number like $200k worth of gold.
MNT is by the Mint. PHYS is Sprott and they allow you to take delivery if you own enough. Canadian govt is also a lot better than US govt (let’s not forget US made private gold ownership illegal…)
bitcoin is wayyyy too correlated with the NASDAQ. $PHYS calls are the way
I’ve moved 50% of my (admittedly small) portfolio into gold (PHYS physical gold trust). I don’t think I’ll lose a lot and there is a lot of potential upside I think (if the US economy continues on the trajectory we are being warned about)
I dumped all my equities and bought a chunk of PHYS the day after the election and now up 30%. IF I was playing FOREX the Swiss Franc would be my first option as it's still on the gold standard. That said, currency trading into this volatility and market uncertainty is highly risky.
PHYS is fully allocated in Canada. They don’t do bullion leasing, so no counterparty risk which is great. IAU is more tradable and has lower expense ratio than PHYS, but the gold is less secure overall. PHYS is much more illiquid and has higher expense ratio, but the gold is redeemable and has more favorable tax advantages as a PFIC.