A New ETF To Play The Precious Metals Boom (GLTR)

Precious metals have been all the rage lately, with everyone and their brother having to own gold or silver. Well Wall Street, being the capitalist business it is, has created a new product that allows investors to profit from all of these metals, in a single ETF. A new ETF from ETF Securities will have gold, silver, platinum and palladium in one ETF, aptly named ETFS Physical Precious Metal Basket Shares GLTR. The ETF is expected to list tomorrow, and will have an expense ratio of 0.60%. It will be backed by the physical commodities which are being held in vaults by its custodian, JP Morgan Chase JPM It looks like all that glitters is not just gold, but the ETF business too.