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Commodities & Metals

ETF Launch: Precious Metals All Mixed Together (GLTR, SGOL, PPLT, PALL)

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By Jon C. Ogg Updated Published
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They say there is an ETF for just about any strategy.  Gold investors and other precious metal investors are now getting a new ETF that will trade as a single basket of metals.  The ETFS Physical Precious Metal Basket Shares (NYSE: GLTR) is launching today.  This is an ETF that is comprised of Gold, Silver, Platinum and Palladium all under one vehicle.   GLTR will effectively act as a mix of ETFS Physical Swiss Gold Shares (NYSE: SGOL), ETFS Physical Platinum Shares (NYSE: PPLT), and ETFS Physical Palladium Shares (NYSE: PALL).  The ETF holds actual bullion rather than just acting as an ETF of ETFs.

The ETF will hold physical bullion of gold, silver, platinum, and palladium and that bullion will be held in vaults at custodian JPMorgan Chase Bank.  Gold and Silver will be held in London and Platinum and Palladium will be held in London or Zurich.  The sponsor’s fee for GLTR will be 0.60%.

Something new… This is the first ETF of its kind that we have seen.  Other commodities have been grouped, but this is the first for a basket of precious metals that we have seen.  The ticker “GLTR” pretty much says it all… “Glitter.”  Cute.

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JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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