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Stock impact report

Gold investor Sprott, crypto fund launch digital gold bullion fund [Globe and Mail, The (Toronto, Canada)]

Sprott Inc. Common Shares (SII) 
Argo's products, such as cryptocurrencies, will be outside the traditional financial ecosystem of banks, stock exchanges and investment dealers. “Why own gold within the financial system when you are buying gold to offset the risk of failures in the financial system?” said Mr. Grosskopf, chair of Argo, in an interview. Argo has been building its systems and working with regulators for the past year and Mr. Grosskopf said the company plans to launch products by this summer. It plans to market its concept to gold miners and other industry players at the annual Prospectors & Developers Association of Canada conference in Toronto this week. Mr. Grosskopf served as chief executive officer at Sprott Inc. for 12 years, then spun out the company's mining-focused investment dealer division in 2023, branding it as SCP Resource Finance LP. Mr. Grosskopf, now CEO of SCP Resource Finance, said: ”It's great to be back in partnership with Eric Sprott.” When Mr. Sprott founded his eponymous Show less Read more
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