Insights
Sprott Insights offers unique analyses and perspectives from the firm’s leading experts on key topics in precious metals and critical materials.
Sprott Q1 Precious Metals Report
Gold's Strength Amid a Crisis of Confidence
Gold's record-breaking rally in Q1 2025 reflects mounting investor anxiety over stagflation, policy volatility and a fraying global economic order. U.S. tariffs and policy unpredictability have elevated the risk of stagflation, fueling demand for gold as the lone liquid safe-haven asset. We also believe silver is potentially poised to break out.
Interview
Outlook on Gold and Gold Miners, Ryan McIntyre on CNBC
Sprott's Ryan McIntyre is interviewed on CNBC's Fast Money about rising gold prices. McIntyre also addresses the surging demand for physical gold, the undervaluation of gold miners and whether Bitcoin poses a real threat to gold’s dominance.
Video
Introducing Sprott Active Gold & Silver Miners ETF (GBUG)
Sprott’s Steve Schoffstall introduces GBUG, an actively managed ETF focused on gold and silver miners, using a team with deep industry expertise to identify investments. With a long-term, value-driven approach, it aims to provide exposure to precious metals while navigating market shifts.
Interview
Trump Tariffs: Disruption or Opportunity?
Are tariffs set to disrupt gold, silver and uranium markets? Find out how potential trade barriers could impact prices and create arbitrage opportunities. Kitco’s Senior Mining Editor and Anchor Paul Harris interviews John Ciampaglia, CEO of Sprott Asset Management, at the 2025 BMO Global Metals, Mining & Critical Minerals Conference.
Interview
Gold & Silver Forecast 2025
Sprott CIO Maria Smirnova and Rick Rule discuss key drivers for gold and silver in 2025. They emphasize central bank buying, Eastern demand and the erosion of purchasing power as major factors for gold. For silver, industrial demand, particularly from solar and EVs, is crucial.
Interview
Gold Flows into Sprott Physical Gold Trust (PHYS)
John Ciampaglia, CEO of Sprott Asset Management, joins James Connor of Bloor Street Capital to discuss his 2025 outlook for gold. Ciampaglia discusses Sprott's flagship Physical Gold Trust and dives into why gold is a crucial financial asset and portfolio diversifier.
Special Report
Top 10 Themes for 2025
What forces will shape the markets in critical materials and precious metals in 2025 and beyond? We identify 10 key macro and market themes investors should watch in the coming year.
Sprott Gold Report
Recalibrating Our Crystal Ball
Gold was a strong performer in 2024, gaining 27.22% to end the year at $2,624.50, fueled by geopolitical tensions, central bank purchases and bond market struggles. These strong gains occurred with negligible participation or interest from investors in North America or Europe. Key catalysts for a gold rally could include stock or cryptocurrency downturns, bond market disruptions or a U.S. dollar reset.
Investment Risks and Important Disclosure
Relative to other sectors, precious metals and natural resources investments have higher headline risk and are more sensitive to changes in economic data, political or regulatory events, and underlying commodity price fluctuations. Risks related to extraction, storage and liquidity should also be considered.
Gold and precious metals are referred to with terms of art like store of value, safe haven and safe asset. These terms should not be construed to guarantee any form of investment safety. While “safe” assets like gold, Treasuries, money market funds and cash generally do not carry a high risk of loss relative to other asset classes, any asset may lose value, which may involve the complete loss of invested principal.
Past performance is no guarantee of future results. You cannot invest directly in an index. Investments, commentary, and opinions are unique and may not be reflective of any other Sprott entity or affiliate. Forward-looking language should not be construed as predictive. While third-party sources are believed to be reliable, Sprott makes no guarantee as to their accuracy or timeliness. This information does not constitute an offer or solicitation and may not be relied upon or considered to be the rendering of tax, legal, accounting or professional advice.