Platinum

The Financial Times reported that issuer ETF Securities is on the block with an asking price of $1.6 billion, and Goldman Sachs has been hired as an adviser for the sale. The firm is noted for introducing the first ETFs backed by physical inventory of platinum and palladium. According to NSX, ETF Securities has accumulated [...]

The automobile industry has a major impact on the value of both platinum and palladium ETFs. The precious metals are both used in the manufacturing of catalytic converters within automobiles. The demand for automobiles is down considerably over the past few months, which has put a dent in the recent values of platinum and palladium. [...]

To meet demand, ETFSecurities added new shares to its popular platinum and palladium funds on Monday. The new combined value of the funds now rests at $871 million. ETFSecurities raised the number of shares in the ETFS Physical Platinum Fund (PPLT: Quote, Profile, Advanced Chart, News) to 11.22 million shares, up from 4.78 million, Reuters [...]

The World Cup trophy isn’t made of platinum, but gold. However, the World Cup games are still expected to crimp the flowing supply of platinum. The World Cup, which will be held in South Africa, is expected to drain the country of much of its electrical power supply. South African mining operations, which produce much [...]

The value of palladium as a hedge against inflation and economic calamity was put to the test amidst worries over European solvency. Investors swapped palladium positions for gold, seeking the ultimate protection against another financial crisis. Both palladium and platinum fell to a multi-week low as investors reorganized their metals positions. Most notably, palladium investment [...]

ETFSecurities’ trip across the Atlantic and into American markets has proven to be a great success. The company has filed to grow its platinum and palladium ETFs with the issuance of new shares ahead of increasing investment demand. ETFSecurities will issue 6,440,000 new shares for the ETFS Physical Platinum Shares (PPLT: Quote, Profile, Advanced Chart, [...]

With its eyes set on conquering the precious metals trade, First Trust has released its new platinum ETF to investors. The fund will invest in companies related to the platinum sector, but will not hold platinum itself. The fund will invest a minimum of 90% of its assets to buy shares in companies listed in [...]

While some analysts are calling gold a bubble, others are forecasting where the precious metal will peak. For the first time in nearly two decades, the once boring metal has brought out the best and brightest market forecasters to put their money where their mouth is. A Bloomberg survey of 22 analysts reveals that 15 [...]

Capitalizing upon the precious metal trend, ETF Securities’ newest addition to its family of US commodity ETFs will blend holdings of various precious metals. The fund will buy physical gold, silver, platinum and palladium to back investors’ assets. The ETFS Physical PM Basket Shares, as it will be named, will be created with a new [...]

Tapping into the current investment trends, Global X thinks there is room for a few more precious metal funds. The company has filed with the SEC to create four new funds, which will track companies involved in silver, gold, platinum and copper mining. The four new funds are: 1. Global X Copper Miners ETF 2. [...]