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BCS Wealth Management lifted its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 99.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,738 shares of the exchange traded fund's stock after acquiring an additional 27,744 shares during the quarter.

Accordant Advisory Group Inc lessened its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 4.0% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 359,717 shares of the exchange traded fund's stock after selling 14,801 shares during the period. Sprott Physical

Key Takeaways While energy investments of all kinds have struggled amid conflict in the Middle East, uranium might offer a compelling long-term opportunity. Sprott Asset Management CEO John Ciampaglia noted that uranium's fundamentals remain sound, and that it remains far harder to substitute or replace than other metals investors tend to allocate towards.

Gold's recent drop from $5,600 to $4,400 is a classic liquidity story where investors are selling their most liquid winners to raise cash. Geopolitical conflict in Iran has disrupted the energy-driven reserve flows that previously fueled central bank gold buying.

Silver is entering its sixth consecutive year of a structural supply deficit, as global production fails to keep pace with the massive demand required for the clean energy transition and AI infrastructure.