ETF Securities Planning Precious Metal Basket ETF

By: ETFdb
As the U.S. economy continues to struggle and more intervention from the Fed seems inevitable, the dollar has been battered in currency markets. The greenback has already lost close to 8% over the past few months against the world’s other major currencies, and while a Chinese rate hike earlier this week helped to temporarily stem the losses, the downward has now resumed. As confidence in paper currency wanes, many investors have been buying up precious metals ETFs, especially those that physically hold gold. In fact, all three of the gold-backed ETFs have more than $1 billion under management and are led by the $56 billion Gold SPDR (GLD). Investors are also looking beyond gold to the rest of the precious metals asset class as options in this increasingly tricky economic situation. Over $1 billion is now invested in physically-backed platinum (PPLT) and palladium (PALL) ETFs, while physically-backed silver funds currently [...] Click here to read the original article on Related Stories: Beyond GLD: Three Alternative Precious Metal ETFs Playing Precious Metals Through Equity ETFs ETF Securities To Launch Precious Metals ETFs In Japan
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