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ETPMPM - ETFS Physical PM Basket

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27 June 2010
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ETFS Physical PM Basket (ASX Code: ETPMPM) offers low-cost access to physical gold, silver, platinum and palladium via the stock exchange and avoids the need for investors to personally store their own bullion.

ETPMPM offers investors a simple, cost-efficient and secure way to access precious metals in the form of gold, silver, platinum and palladium by providing a return equivalent to the Australian dollar price movement of the metals basket less a daily management fee.

ETPMPM is backed by physical allocated gold, silver, platinum and palladium held by JPMorgan Chase Bank, N.A. (the Custodian) in London. Only metal that conforms with the London Bullion Market Association’s (LBMA) rules for gold and silver Good Delivery and the London Platinum and Palladium Association’s (LPPM) rules for Good Delivery is accepted by the custodian. Each physical bar is segregated, individually identified and allocated which means there is no credit risk. Investors can choose to redeem units for the physical holdings.

 
  • Inception Date ........02 Jan 2009
  • Management Cost ..... 0.44%pa
  • Net Assets ................ $41.088M

Gold 48%, Silver 18%, Palladium 28%, Platinum 6%

Metal Basket Composite is the weighted average benchmark price of the initial Metal Entitlement (gold: 0.04 t oz; sliver: 1.20 t oz; platinum: 0.01 t oz; palladium: 0.02 t oz) of an ETFS Physical PM Basket security
 
seems hard to believe it remains so flat...so de facto losing so much vs inflation for a basket of pm...
I will avoid..
a good conclusion, there.

Although, for those people who say gold / PMs are insurance, at least they get the premium back, at the end of the holding period*

* discounted for inflation
 
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