AN OPPORTUNITY TO BUY PHYSICAL GOLD

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This post was just published on ZYX Buy Change Alert

Today there is an opportunity  to buy physical gold in a convenient manner for those who feel a compulsion to buy gold.  The opportunity arises from secondary  of PHYS  or Sprott Physical Gold Trust.  Secondary this morning was priced by RBC Capital at $14.90 for 16 million shares.  The ETF traded as low as $14.64 in the pre-market.  Readers may readily notice that gold is up strongly today but PHYS is down.

Typically PHYS trades at a premium of its gold holdings.  The reason for the premium is that PHYS holds physical gold bullion that is fully allocated and segregated in a secure LBMA approved third-party storage facility in Canada.  When ever there is a secondary, PHYS comes down to a price equal to its net asset value.

If gold continues to go up, PHYS will trade at a premium.  Such premium can add 7% to 15% to the returns.  On the other hand if gold goes down, the loss will be less because PHYS is likely to soon develop a premium.

U.S. non corporate investors also get a tax advantage because PHYS sale is taxed at 15% vs 28% for most gold ETFs and physical gold.

We are not recommending buying gold at this time.  We are simply providing this information in response to a large number of emails expressing interest in buying physical gold in a convenient manner and now the secondary is providing an opportunity.

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