Precious Metals Investing Shines Amid Market Turmoil

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker, financial journalist, and money manager.

Precious metals investing is a pursuit which attracts many investors, including me.

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Gold, silver and other precious metals are generally regarded as safe-haven investments in times of market turmoil, as their value is considered to be intrinsic and less connected to other asset classes compared to the broader stock market. Many exchange-traded funds (ETFs) offer exposure to segments of the precious metals industry, often by investing in mining companies or companies that make their profits somewhere along the supply chain.

However, a select few allow the opportunity for a more direct investment. These funds invest assets in physical bullion, letting investors essentially own shares in the metals themselves as a commodity. One of these is abrdn Physical Precious Metals Basket Shares ETF (GLTR).

This fund’s holdings are simple and easy to understand. They include gold bullion (about 60% of its assets) and physical silver bullion (about 25%), with the remainder divided between palladium and platinum bullion. The fund’s price moves in line with the weighted prices of the assets in question.

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It is not surprising that GLTR’s share price is currently near a high, given the accretive price action in gold and other precious metals in the last two months. Consider that in the last 12 months, GLTR is up 1.3%, putting it just ahead of the S&P 500’s performance in the same time frame. The fund is up 5.4% in calendar year 2023.

Chart courtesy of www.StockCharts.com

Assets under management for this fund total $1 billion. The expense ratio for this fund is 0.60%. This fund offers investors the opportunity to invest in physical metals without exposing themselves to decisions and business conditions related to any specific companies or groups of companies.

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For those looking for a pure play on the value of gold and other precious metals, abrdn Physical Precious Metals Basket Shares ETF (GLTR) shines as a provider of such an opportunity.

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As always, I am happy to answer any of your questions about ETFs, so do not hesitate to send me an email. You may just see your question answered in a future ETF Talk.

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