PHYS: Now You Can Store Your Gold in Canada

Sprott Physical Gold Trust (PHYS), the latest physically backed gold exchange-traded product began trading yesterday (2/26/10) on the NYSE.  The fund also applied for listing on the Toronto Stock Exchange under the symbol PHY, but it appears that Canadian trading has not yet commenced.  The fund will be managed by Toronto-based Sprott Asset Management and will store its gold at the Royal Canadian Mint. With the introduction of PHYS, investors can now choose between physically backed ETFs that safeguards gold bullion in Zurich, Canada, London, and US vaults.  The fund’s new website does not contain much information…