Want to own precious metals but aren’t sure which ones?
A new exchange-traded product called the ETFS Physical Precious Metal Basket Shares (GLTR) removes some of the guesswork. GLTR owns physical gold, silver, platinum and palladium in fixed equal weights. Each metal represents a 25 percent position within the basket.
Because GLTR does not own futures contracts, it’s a better reflection of the spot price for the metals basket. It also avoids some of the operational issues associated with futures based ETFs and ETNs such as backwardation and contango.