Posted on 07/21/2011
With recent record high prices for Gold, it has been all over the news: “Gold this, Gold that, Gold here, Gold there & Gold everywhere.” Almost as if Gold is a mythical creature, it has been the topic of many investigations, discussions, reports, and news shows. Many other holdings in the Precious Metals sub-sector of Commodities have ridden the coat tails of Gold as it has made its way to the top of the hill in the investment world. As we mentioned, the Precious Metals sub-sector space is very strong, especially when compared to the other broad Commodity sub-sectors. One fund that provides a composite picture of the Precious Metals is the ETFS Physical Precious Metal Basket Shares (GLTR). This fund is currently heavily weighted in Gold and Silver, 48% and 40% respectively, but it also holds Platinum and Palladium, 7% and 5% respectively. Year-to-date GLTR is up 17.21%, while the S&P 500 is up 5.42%, and the Green Haven Continuous Commodity Index is up 5.58%.
Given the growth of Precious Metals ETFs, there are plenty of options for garnering exposure to Precious Metals. Whether you are looking for equity or the Precious Metals commodity exposure, there is definitely a fund that provides a solution. But Gold isn’t the only Precious Metals exhibiting strong characteristic in the market. Silver deserves similar attention, and the iShares Silver Trust (SLV) is a perfect example, being up 29.62% for the year. SLV tracks a Trust that holds silver bullion.
Here on Alletf.com you can actually go the “Info” box and type in Precious Metals or Gold or Silver separately and ETFs containing stocks in those specific sectors will populate below the search. So even though you may not be able to afford exposure to Gold at $1600 an ounce, you can still find creative ways to take advantage of the gains that Gold has made by either through owning a Precious Metal or Gold ETF/ETN, or one of the other Precious Metal components that have reaped the benefit of Gold’s upward movement.
Equity prices provided by Thomson-Reuters. Cross Rate prices provided by Tenfore Systems.
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