Van Eck’s Market Vectors has filed gold and silver ETFs that would allow investors to redeem shares for the physical metal.
“Indeed, shares will be issued in exchange for gold or silver bars from registered broker-dealers or other market participants, and investors can redeem their shares for the actual metals. It seems both funds would allow investors of any size to exchange their shares for gold or silver, albeit with some specification requirements,” Cinthia Murphy wrote for Index Universe. [Gold ETF Sees Over $5 Billion as Prices Slump]
The Market Vectors Redeemable Gold Trust and the Market Vectors Redeemable Silver Trust give investors the access to invest in the metals through the trusts, but to take physical delivery of either one in exchange for the shares, reports Johanna Bennett reported for Barron’s. [What the ETF Flows Show: The Great Duration Rotation]
Most precious metal focused ETFs do not allow investor access to physical delivery of the metal, while those that do charge high management fees for the cost, reports Reuters.
Tisha Guerrero contributed to this article.