ST. JAMES INVESTMENT COMPANY

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Holding: PHYS

PHYS vs. FNV and RGLD

Posted: December, 9, 2013

The past two years have been a difficult period for any investor with exposure to gold — both the metal itself and the operating mining companies. In particular, 2013 has been particularly brutal with many of the junior mining companies simply imploding. To be clear, our long-term constructive view on gold remains resolute. Our conviction … Continue reading “PHYS vs. FNV and RGLD”


Franco-Nevada Corp. (FNV)

Posted: April, 28, 2013

With the recent price dislocation in gold, we initiated a portfolio position in Franco-Nevada. Simultaneously, we sold 1/2 our portfolio position in Newmont Mining. Investment Report: Franco-Nevada Corporation Franco-Nevada Corporation is a gold-focused royalty and stream company with additional interests in platinum metals and other resource assets including oil and natural gas. It is one … Continue reading “Franco-Nevada Corp. (FNV)”


Gold

Posted: April, 15, 2013

Starting with Friday’s $84 per ounce drop in gold bullion and continuing with Monday morning’s $100+ fall, gold’s sudden collapse has been unsettling to say the least. Clearly we are at a moment when negative price action is begetting further negative price action. As Jim Rogers once said, “Markets often rise higher than you think … Continue reading “Gold”


Sprott Physical Gold Trust (PHYS)

Posted: January, 22, 2013

Why is gold in a bull market? The answer is not “price inflation”. Although “price inflation” is certainly upon us, it is not widely perceived to be a problem at this time. (In fact, “price inflation” was present during the 1980s and 1990s during the gold bear market). Monetary inflation is part of the answer, … Continue reading “Sprott Physical Gold Trust (PHYS)”


Sprott Physical Gold Trust (PHYS)

Posted: May, 2, 2012

The Sprott Physical Gold Trust (PHYS) was created to invest and hold substantially all of its assets in physical gold bullion and intends to invest primarily in long-term holdings of unencumbered, fully allocated, physical gold bullion. The Trust will not speculate with regard to short-term changes in gold prices. We are gradually liquidating our interest … Continue reading “Sprott Physical Gold Trust (PHYS)”


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