Combined exposure to gold, silver, platinum and palladium rather than a single metal.
A portfolio or investment approach that includes multiple precious metals (gold, silver, platinum, palladium) to diversify risk and capture different market dynamics. Silver often exhibits higher volatility and industrial demand compared to gold's safe-haven characteristics.
The four do not move together. Gold responds to real rates and monetary conditions, while platinum and palladium are largely industrial and tied to vehicle production, so a basket dilutes the monetary thesis some investors are actually buying.