Overview
Description
Sprott Physical Platinum and Palladium Trust is a specialized investment vehicle designed to provide investors with direct exposure to the platinum and palladium markets. This trust holds physical bullion and is an alternative to investing in mining stocks. It caters to those seeking to diversify their portfolios with precious metals, specifically targeting platinum and palladium rather than more common metals like gold and silver. The trust stores its bullion at secure, third-party facilities, providing a high level of assurance regarding asset safety and authenticity. The world of catalytic converters in the automotive industry heavily relies on platinum and palladium, underscoring these metals' significance. By focusing on both metals, the trust offers a balanced approach to capitalizing on the potential industrial demand and supply dynamics in these sectors. Sprott Physical Platinum and Palladium Trust allows investors to own a fractional share of actual platinum and palladium, thereby serving as a financial tool to hedge against market volatility and inflation pressures while also participating in the specific economic trends influencing these critical industrial metals.
About
Instrument type
Closed-end fund
Country
Canada
MIC code
XTSE