Sprott Physical Gold Trust is a closed-end mutual fund trust. The investment objective of Co. is to seek to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding physical gold bullion without the inconvenience that is typical of a direct investment in physical gold bullion. As part of its investment strategy, Co. invests and holds all of its assets in physical gold bullion. Co. invests and intends to continue to invest primarily in long-term holdings of unencumbered, fully allocated, physical gold bullion and does not speculate with regard to short-term changes in gold prices. As of Dec 31 2010, Co. had total assets of A$1,171,968,452.
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