Sprott Physical Platinum and Palladium Trust IPO

The long awaited Sprott Physical Platinum and Palladium Trust IPO (SPPP) has finally come to exist, since we heard about it in February 2012. You can now subscribe to the 35 million units priced at $10/unit tradeable soon on the NYSE and TSX.

The physical Platinum/Palladium will be stored at the Royal Canadian Mint. You can bet that I will put some money in this trust if I have some spare money left as platinum is still very cheap as compared to gold.

More info at: http://www.sprottplatinumpalladium.com/

Chart 1: Platinum to Gold Ratio