It’s Not Just Gold That Glitters

New exchange-traded funds let you bet on platinum and palladium, too. And don’t forget silver.

For decades, gold bugs have argued the bullish case for their favorite metal. In recent years, they’ve actually been right. The price of gold has climbed steadily for the past nine years, from $277 an ounce in 2001 to a record high (not adjusted for inflation) of $1,213 last December, as investors piled into the yellow metal because of its reputation as a safe haven and as a hedge against a falling dollar.

Even with the run-up in price, it’s not too late to profit from precious metals. But you may want to expand your horizons to metals that are less well known. In particular, two new exchange-traded funds, ETFS Physical Platinum Shares (symbol PPLT) and ETFS Physical Palladium Shares (PALL), let you wager on two precious metals that have a wider array of industrial uses than gold and silver.

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Associate Editor, Kiplinger's Personal Finance