The Globe and Mail reports in its Monday edition that Eric Sprott, his family company and long-time colleague Peter Grosskopf are teaming up with cryptocurrency promoters to launch Argo Digital Gold Ltd., a platform designed to give a new generation of investors a way to own physical gold. The Globe's Andrew Willis writes that Argo will compete with existing bullion funds, including products offered by Mr. Sprott's former company Sprott Inc., which manages $28.7-billion. Mr. Sprott retired from the company in 2017 and now backs his daughter Larisa Sprott in a precious metal sales and storage business called Sprott Money Inc. Argo will differentiate its products by offering 24-hour-a-day trading, lower fees and fractional ownership in gold bars stored in the Royal Canadian Mint. Most existing gold-based securities are exchange-traded funds (ETFs), which can only be bought or sold when stock markets are open. Argo's products, such as cryptocurrencies, will be outside the financial "ecosystem" 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?" Mr. Grosskopf, chairman of Argo, told The Globe.