Four ETFs for precious metals will begin trading on Friday 30th/Jan 09.
ETPMAG -Silver 1/110th Oz
ETPMAU -Gold 1/110th Oz
ETPMPT -Platinum 1/110th Oz
ETPMPD -Palladium 1/110th Oz
and ETPMPM -basket of Gold, Silver, Platinum and Palladium
These have been launched by ETF Securities… who also run the ETF ASX code: GOLD
I am having a look at where the physical metals will be held and will post soon. I think that the metal will be held in the London Vaults same as GOLD.
Read about ETF Securities here