Coins Minted For ETFs
January 10th at 1:00am by Tom Lydon
Perhaps just the other day you were saying, "Boy, I wish there was an exchange traded fund (ETF) that held tellurium!"
It must be your lucky day, then, because Los Angeles-based American Elements announced the launch of AE Bullion, specifically for exchange traded funds (ETFs). The press release for PR Web reports that the new product group will mint certified high quality coins and bars from around sixty rare and less common metals for short and long term physical investment. These metals include rhodium, tellurium, indium, hafnium, scandium, and 14 rare earth elements. These are all metals that have experienced noticeable world price increases in 2007.
Coins will be available for hedge funds, currency reserves and ETFs. This also allows collectors, hobbyists and private investors to take physical direct title and possession of these metals with risk exposure in line with movements in the world spot price.
