<SEC-DOCUMENT>0001483386-16-000044.txt : 20161223
<SEC-HEADER>0001483386-16-000044.hdr.sgml : 20161223
<ACCEPTANCE-DATETIME>20161116111115
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001483386-16-000044
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20161116

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ETFS Precious Metals Basket Trust
		CENTRAL INDEX KEY:			0001483386
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6221]
		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:		48 WALL STREET, 11TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005
		BUSINESS PHONE:		212-918-4954

	MAIL ADDRESS:	
		STREET 1:		ETF SECURITIES USA LLC
		STREET 2:		48 WALL STREET, 11TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10005
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
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			Acceleration request
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			<font style="display: inline;font-weight:bold;">48 Wall Street</font><font style="display: inline;font-weight:bold;">, 11</font><font style="display: inline;font-weight:bold;font-size:6pt;vertical-align:super;line-height:100%">th</font><font style="display: inline;font-weight:bold;"> Floor</font>
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			<font style="display: inline;">November 16</font><font style="display: inline;">, 2016</font>
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			<font style="display: inline;">&#xFEFF;</font><font style="display: inline;">Washington</font><font style="display: inline;">, &nbsp;</font><font style="display: inline;">DC</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">20549</font>
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			<font style="display: inline;">Attn:&nbsp;&nbsp;Nicole Collings</font>
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			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;">Re:</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;">ETFS </font><font style="display: inline;">Precious Metals Basket </font><font style="display: inline;">Trust</font></font>
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			<font style="display: inline;">Registration Statement on Form S-3 (File No. </font><font style="display: inline;">333-214361</font><font style="display: inline;">)</font>
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			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"><font style="display: inline;text-decoration:underline;">Request for Acceleration of Effectiveness</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;text-align:left"><font style="display: inline;text-decoration:underline;"></font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;text-decoration:underline;"></font><font style="display: inline;text-decoration:underline;"></font></font>
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			<font style="display: inline;">Ladies and Gentlemen:</font>
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			<font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;">In accordance with Rule 461 of the General Rules and Regulations under the Securities Act of 1933, as amended, ETFS </font><font style="display: inline;">Precious Metals Basket</font><font style="display: inline;"> Trust (the &#x201C;Trust&#x201D;) respectfully requests that the effective date of the Registration Statement on Form S-3 (File No. </font><font style="display: inline;">333-214361</font><font style="display: inline;">) (the &#x201C;Registration Statement&#x201D;) of the Trust be accelerated so that the Registration Statement shall become </font><font style="display: inline;">effective at</font><font style="display: inline;"> 9:30 a.m. </font><font style="display: inline;">Eastern time on </font><font style="display: inline;">November 18, 2016</font><font style="display: inline;">, or</font><font style="display: inline;"> as soon thereafter as practicable.</font></font>
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			<font style="display: inline;">In connection with the submission of the Trust&#x2019;s request for accelerated effectiveness of the Registration Statement, the Trust hereby acknowledges that:</font>
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			<font style="display: inline;color:#000000;">should the Securities and Exchange Commission (the &#x201C;Commission&#x201D;) or the staff thereof (the &#x201C;Staff&#x201D;), 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;</font></p></td></tr></table></div>
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			<font style="display: inline;color:#000000;">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 and accuracy of the disclosure in the Registration Statement; and</font></p></td></tr></table></div>
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			<font style="display: inline;color:#000000;">the Trust may not assert Staff comments and the declaration of effectiveness as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the </font><font style="display: inline;color:#000000;">United States</font><font style="display: inline;color:#000000;">.</font></p></td></tr></table></div>
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			<font style="display: inline;color:#000000;">Very truly yours,</font>
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			<font style="display: inline;color:#000000;">ETF Securities USA LLC</font>
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			<font style="display: inline;">By:</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">s/s </font><font style="display: inline;">GRAHAM TUCKWELL</font>
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			<font style="display: inline;">Graham Tuckwell</font>
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			<font style="display: inline;">President and Chief Executive Officer</font>
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