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re: PSA - Gold and Silver at Spot Price
Posted on 5/17/24 at 5:41 pm to OccamsStubble
Posted on 5/17/24 at 5:41 pm to OccamsStubble
Michael Burry moving heavily in to PHYS - Sprott Physical Gold Trust
quote:
Michael Burry, known for his successful bets during the 2008 financial crisis, has found a clever arbitrage opportunity in a physical gold ETF.
Burry's positions are in the Sprott Physical Gold Trust, which allows investors to take delivery of the gold if they buy enough. Burry bought for a discount and now can sell for close to NAV thanks to the publicity from his 13-F - if he didn't already take delivery.
Gold is a good hedge against potential U.S. election chaos and geopolitical tension.
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