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Jim Trippon
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Jim Trippon is an Amazon.com bestselling business and finance author, a practicing CPA, and a fee based investment advisor. His portfolio of companies includes J.M. Trippon & Company CPA, Trippon Wealth Management & Trippon Financial Publishing. Jim has dedicated his business career to... More
My company:
Trippon Financial Research, Inc.
My blog:
Global Profit$ Alert
My book:
Stay Rich Forever: Retirement Planning Secrets of Millionaires and How They Can Work For You!
  • ETF Securities Plans Combines Four Precious Metals In New ETF 0 comments
    Feb 11, 2010 11:10 AM | about stocks: GLD, SIVR, SLV, PALL, SGOL, PPLT

    ETF Securities New ETF to hold Gold ETF, Palladium, Platinum and Silver

    ETF Securities New ETF to hold Gold, Palladium, Platinum and Silver

    About: Gold ETF, ETF Securities, SPDR Gold Shares (NYSE: GLD), U.K.-based ETF Securities, ETFS Physical Swiss Gold Shares ETF (NYSE: SGOL), ETFS Physical Silver Shares ETF (NYSE: SIVR), iShares Silver Trust (NYSE: SLV), ETFS Physical Platinum ETF (NYSE: PPLT), ETFS Physical Palladium ETF (NYSE: PALL), ETFS Physical PM Basket Shares, exchange traded funds (ETFs), ETF Profit Report Bookmark and Share

    ETF Securities, the ETF issuer behind four precious metals-based ETFs currently available to U.S. investors, is planning a new ETF that will hold a basket of physical gold, palladium, platinum and silver. ETFs that are backed by physical commodities rather than futures contracts have been popular with investors. Just look at the SPDR Gold Shares (NYSE: GLD), which is backed by physical gold and is the second-largest ETF in the world by assets.

    U.K.-based ETF Securities issues the ETFS Physical Swiss Gold Shares ETF (NYSE: SGOL), which is a competitor to GLD. The company also issues the ETFS Physical Silver Shares ETF (NYSE: SIVR), which competes with the popular iShares Silver Trust (NYSE: SLV).

    ETF Securities was also the first company to introduce ETFs backed by physical palladium and platinum to U.S. investors. The ETFS Physical Platinum ETF (NYSE: PPLT) and the ETFS Physical Palladium ETF (NYSE: PALL) came to market last month and have proven popular with investors thus far. Combined, the four ETF Securities ETFs have $1 billion in assets, an impressive total given that none of them have been on the market for a year.

    The new ETF will be called the ETFS Physical PM Basket Shares and its value will be based on London afternoon prices for gold, palladium, platinum and silver. Given that the ETF will hold physical bullion watch for a spike in the price of those metals as ETF Securities removes supply from the market.

    For more information about The ETF Profit Report, visit http://www.etfprofitreport.com/. To see the latest special offer from The ETF Profit Report, visit: http://www.etfprofitreport.com/etfs



    Disclosure: no positions
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