Sites That Show Foreign Stock Prices In GB Pounds?

jon3001

PHPP and PHPM are supposed to hold the same proportions of bullion but one is priced in GBP and the other in USD.

PHPM is trading at $88.39:
http://www.selftrade.co.uk/quote.php?symbole=1uPHPM.L

This leads to me to believe that PHPP would be ~£45.

jon3001

The fact sheet says that one security holds the following allocation of bullion:

0.01oz Pt, 0.02 Pd, 1.2oz Ag, 0.04oz Au

~£45 makes more sense to buy this.

mr_fishbulb

jon3001 wrote: »

The fact sheet says that one security holds the following allocation of bullion:

0.01oz Pt, 0.02 Pd, 1.2oz Ag, 0.04oz Au

~£45 makes more sense to buy this.

Think you may be right. Just called them - it's in pence :$

Now, next thing I'm wondering - should I be interested in Palladium and Platimum, or should I just go for a 50/50 split on physical gold and physical silver?

'tis confusing, this investing lark.

cloud_dog

mr_fishbulb wrote: »

Woooosh!! - That's the sound of this thread going way over my head

Am I reading that it's not a good time to buy into CEF?

I am a firm beleiver in CEF but the one thing to be aware of is that the SP often trades above the funds value (NAV), i.e. it may cost you 105p to buy 100p in value.

This is not unusual for stocks as you often have bid / offer spreads and it is also the premium people are willing to pay (normal supply and demand).

I am very comfortable with CEF trading at a premium and the way they run the fund; you just need to be aware of it.

If you are looking at a long term commitment then perhaps you dont need to worry too much about the premium to NAV. I would feel remis if I hadn't pointed out the NAV / Premium consideration.

cloud_dog

jon3001

mr_fishbulb wrote: »

Now, next thing I'm wondering - should I be interested in Palladium and Platimum, or should I just go for a 50/50 split on physical gold and physical silver?

Must admit that I've not really closely looked at those two (Pd & Pt). I think most people interested in precious metals will be aware of gold and silver's role as stores of values, use in jewellery and industrial applications. There seems to be steady supply and demand drivers too.

So yeah - if this ETF is of potential interest then you'd be wise to do a little research and see if these apply to Pt and Pd as well.

cloud_dog

mr_fishbulb wrote: »

Now, next thing I'm wondering - should I be interested in Palladium and Platimum?

Not sure about an investment that holds both Platinum and Palladium, unless the fund can switch percentages between the two.

The reason is that both metals are useful in the same applications, i.e. catalysts. Often when one metal's price gets too high producers will swap to the other. I know people who trade one against the other, i.e. start buying Palladium when Platinum is reaching new highs (but this is for another thread).

cloud_dog

jon3001

cloud_dog wrote: »

Not sure about an investment that holds both Platinum and Palladium, unless the fund can switch percentages between the two.

The reason is that both metals are useful in the same applications, i.e. catalysts. Often when one metal's price gets too high producers will swap to the other. I know people who trade one against the other, i.e. start buying Palladium when Platinum is reaching new highs (but this is for another thread).

cloud_dog

I was expecting the ETFS fund to rebalance its holdings periodically and reset the percentages when prices get out of line. But upon closer inspection I don't believe that's the case. You seem to buy fixed ounces of bullion rather than a target percentage allocation.

If CEF does have a target allocation (e.g. 50/50 Au/Ag) then that's an advantage over the ETFS offerings.

mr_fishbulb

cloud_dog wrote: »

I am a firm beleiver in CEF but the one thing to be aware of is that the SP often trades above the funds value (NAV), i.e. it may cost you 105p to buy 100p in value.

This is not unusual for stocks as you often have bid / offer spreads and it is also the premium people are willing to pay (normal supply and demand).

I am very comfortable with CEF trading at a premium and the way they run the fund; you just need to be aware of it.

If you are looking at a long term commitment then perhaps you dont need to worry too much about the premium to NAV. I would feel remis if I hadn't pointed out the NAV / Premium consideration.

cloud_dog

Cheers for the explination. A lot clearer now

The thing I'm a bit more worried about with CEF now is what purch pointed out where a lot of the £ value depends on the Canadian and US dollar.

mr_fishbulb

jon3001 wrote: »

So yeah - if this ETF is of potential interest then you'd be wise to do a little research and see if these apply to Pt and Pd as well.

Just found a discussion through google saying Pt and Pd might fall during an economic slowdown, but that all depends if there will be a global slowdown, or just US/UK.

jon3001

mr_fishbulb wrote: »

Just found a discussion through google saying Pt and Pd might fall during an economic slowdown, but that all depends if there will be a global slowdown, or just US/UK.

Yeah - some of these metals double both as precious metals and industrial metals. So during economic growth prices rise since the extra demand is squeezing supplies. And of course the reverse during a slow down.