Canadian Physical Gold Trusts Grow

``The price of gold is at record levels, yet investors still believe it is set to move higher. That's the only logical interpretation to draw from the news that Sprott Physical Gold Trust, formed this year to hold bullion, has rounded up at least $280-million of new investment dollars in its latest financing... Sprott isn't the only issuer to gather up investor interest in physical gold. In May, the Central Fund of Canada closed the sale of 25.3 million units at U.S.$14.85 per share, for gross proceeds of US$375.7-million. ''