Platinum ETF – PPLT
We’re back to the easy stuff with a platinum ETF: the ETFS Physical Platinum Shares (PPLT).
Like copper, a platinum ETF is appealing because platinum has a score of practical uses. It’s widely known for its use in catalytic converters — those frequently stolen devices under your car that help control emissions. However, platinum also can be found in dental crowns and bridges, electrical conductors and, of course, jewelry.
Of course, platinum is an extremely rare commodity, so there aren’t a ton of funds amassing bullion hoards that can back a platinum ETF. One of the few is the ETFS product, which — just like GLD and SLV — has a stack of bars behind your investment.
Unlike GLD and SLV, this platinum ETF trades just 30,000 units per day … but PPLT does have assets of about $800 million, so at the very least, it the commodity ETF shouldn’t just vanish in the middle of the night.
The PPLT platinum ETF charges 0.6% in expenses.