A New ETF To Play Precious MetalsKevin Grewalupdated Oct 21, 2010TweetAt GET.com we maintain complete editorial integrity on our content & provide transparent & unbiased information. Companies don't pay us to include their products although we receive a compensation when you successfully apply to products from our partners. See how we make money here.At GET.com we maintain complete editorial integrity.As the appeal for precious metals continues to prevail, ETF provider, ETF Securities, announced that its newest product, the ETFS Precious Metals Basket (GLTR), will begin trading on the NYSE Arca tomorrow. This new ETF will be the first of its kind enabling investors to gain access to physically backed gold, silver, platinum and palladium all in one security. The actual gold, silver, platinum and palladium bullion that the ETF is backed by is expected to be held by the trust, vaulted in London and Switzerland and inspected biannually by the independent metal assayer, Inspectorate International. Furthermore, GLTR will carry an expense ratio of 0.60% and seeks to replicate the performance of the price of Gold, Silver, Platinum and Palladium, less the Trust’s expenses. ETF Securities has already made its footprint in precious metal ETFs through its ETFS Physical Swiss Gold Shares (SGOL), ETFS Physical Silver Shares (SIVR), ETFS Physical Platinum Shares (PPLT) and ETFS Physical Palladium Shares (PALL), which have combined assets under management of US$2bn as of September 28th, 2010. As for the future of GLTR, both micro and macroeconomic forces remain favorable for precious metals, giving GLTR all the right tools to attract assets and answer the prayers of investors who are in search of a one-stop-shop way to play a diversified basket of precious metals.Disclosure: No PositionsEditorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.