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Sprott Physical Gold Trust ETV (PHYS) Message Board

  • twfry_2001 twfry_2001 Oct 21, 2010 9:13 PM Flag

    Confiscation of PHYS shares?

    Curious what people's opinions are regarding the security of PHYS.

    One of the stated benefits of PHYS is it is physical gold in Canada and therefore would not be confiscated the same way gold coins were in 1933.

    However, if you have shares of PHYS with a brokerage account located in the US, what is there to stop the US government from confiscating shares in gold the same way as gold coin? It seems it would be easy to adjust the executive order from 1933 to include gold related shares in addition to bullion.

    I'm not saying I believe this would happen, but this is one of the arguements on why PHYS is safer than the GLDs of the world, so I wanted to see what people's opinions are.

    Thanks!

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PHYS
10.74-0.09(-0.83%)Apr 17 4:00 PMEDT

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