ETFS Physical Precious Metals Basket Shares (GLTR)

ETFS Precious Metals Basket shares starts trading on NYSE Arca (Ticker: GLTR) 

The shares, issued by ETFS Precious Metals Basket Trust, are intended to reflect the performance of the prices of gold, silver, platinum and palladium bullion, less fees and expenses. GLTR eliminates the need for investors to choose between these four very attractive precious metals. Each share is backed by 0.03 troy ounce of gold, 1.1 ounces of silver, 0.004 ounce of platinum and 0.006 ounce of palladium. The shares represent beneficial interest in the trust.

In turn, the trust holds physical gold, silver, platinum and palladium bullion in the vaults of its custodian, JP Morgan Chase Bank. All physical bullion held with JP Morgan Chase conforms to the London Bullion Market Association's and the London Platinum and Palladium Market Association's rules for good delivery. Gold and silver will be held in London, while platinum and palladium will be held in either London or Zurich.

The chart below shows that the price of gold has been soaring. The price of gold has risen 26.71% so far in 2010 and it keeps climbing. Another precious metal, platinum, is up 19.07%, while silver and palladium are up 66.28% and 73.40%, respectively, so far this year.

more on investing in precious metals: http://www.artremis.com/article/investing_in_precious_metals.html