<SEC-DOCUMENT>0000930413-10-005137.txt : 20110308
<SEC-HEADER>0000930413-10-005137.hdr.sgml : 20110308
<ACCEPTANCE-DATETIME>20101019174545
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ACCESSION NUMBER:		0000930413-10-005137
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20101019

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ETFS Precious Metals Basket Trust
		CENTRAL INDEX KEY:			0001483386
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ETF SECURITIES USA LLC
		STREET 2:		ORDNANCE HOUSE, 31 PIER ROAD
		CITY:			ST. HELIER
		STATE:			Y9
		ZIP:			JE48PW
		BUSINESS PHONE:		011-44-207-448-4330

	MAIL ADDRESS:	
		STREET 1:		ETF SECURITIES USA LLC
		STREET 2:		ORDNANCE HOUSE, 31 PIER ROAD
		CITY:			ST. HELIER
		STATE:			Y9
		ZIP:			JE48PW
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<TYPE>CORRESP
<SEQUENCE>1
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><small>ETF</small> <small>SECURITIES</small> <small>USA</small> <small>LLC</small></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>c/o ETF Securities Representative Office</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>2 London Wall Buildings, 6th Floor</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>London, EC2M 5UU, UK</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


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    <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12pt'><font size=1>&nbsp;</font></p> </td>
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  <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0in'><font size=2>October 19, 2010</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:left;'><U><font SIZE=2>VIA EDGAR</font></U></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:12.0pt'><font size=2>Securities and Exchange Commission</font><br> <font size=2>Washington, D.C.  20549</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=1>&nbsp;</font></p>


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            <p style='margin-left:0in;text-indent:0in;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Re:</font></b></p> </td>
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            <p style='margin-left:0in;text-indent:0in;text-align:left;margin-top:0pt;margin-bottom:0pt'><b><font size=2>Request for Acceleration of Effectiveness of Registration Statement on Form S-1/A, Pre-Effective Amendment No. 2    (File No. 333-164769)</font></b></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:12pt;text-align:left;'><font size=2>Dear Ladies and Gentlemen:</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:justify;'><font size=2>Pursuant to Rule 461 promulgated under the Securities Act of 1933, as amended, ETFS Precious Metals Basket Trust (the &#147;Trust&#148;) hereby requests that the effective date of the above-captioned Registration Statement be accelerated so that the Registration Statement may become effective at 10:00 a.m. (EDT) on October 20, 2010, or as soon thereafter as practicable.</font></p>

<p style=' margin-bottom:12pt; margin-top:12pt; text-indent:0.5in;text-align:justify;'><font size=2>In requesting such acceleration, the Trust acknowledges that (i) should the Commission or the staff, acting pursuant to delegated authority, declare the Registration Statement effective, it does not foreclose the Commission from taking any action with respect to the Registration Statement, (ii) the action of the Commission or the staff, acting pursuant to delegated authority, in declaring the Registration Statement effective, does not relieve the Trust from its full responsibility for the adequacy or accuracy of the disclosure in the Registration Statement, and (iii) the Trust may not assert this action as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.</font></p>

<p style=' margin-bottom:24pt; margin-top:12pt; margin-left:0in; text-indent:4.5in;text-align:left;'><font size=2>Very truly yours,</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt; margin-left:0in; text-indent:4.5in;text-align:left;'><u><font size=2>/s/ Graham Tuckwell&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0in; text-indent:4.5in;text-align:left;'><font size=2>Graham Tuckwell</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0in; text-indent:4.5in;text-align:left;'><font size=2>President &amp; Chief Executive Officer</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0in; text-indent:4.5in;text-align:left;'><font size=2>ETF Securities USA LLC</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:0in; text-indent:4.5in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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    <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>cc (w/enclosures):</font></p> </td>
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      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Ms. Tracey McNeil<br>

Mr. Roger Schwall<br>

Mr. Peter J. Shea</font></p> </td> </tr></table>

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<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:1.5in;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:12pt; margin-left:1.5in; text-indent:-1.5in;text-align:left;'><font size=2>&nbsp;</font></p>




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