Van Eck Files for Gold and Silver ETFs that Permit Shareholders to Take Physical Delivery

Reuters reported that Van Eck has filed with the U.S. Securities and Exchange Commission to launch two gold and silver ETF’s that will permit holders to redeem their holdings for physical gold and silver.

As quoted in the market report:

Most precious metals ETFs do not allow their shareholders to take physical delivery, and those that do often charge a higher management fee to offset the extra costs related to physical redemption.

To view the whole Reuters report, click here.