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Sprott Physical Platinum And Palladium Trust IPO

|Includes: ETFS Physical Platinum Shares ETF (PPLT)

The long awaited Sprott Physical Platinum and Palladium Trust IPO (NYSEARCA:SPPP) has finally come to exist, since we heard about it in February 2012. You can now subscribe to the 35 million units priced at $10/unit tradeable soon on the NYSE and TSX.

The physical Platinum/Palladium will be stored at the Royal Canadian Mint. You can bet that I will put some money in this trust if I have some spare money left as platinum is still very cheap as compared to gold.

More info at:

Disclosure: I am long PPLT.