Exhibit 4.3


CERTIFICATE OF
BENEFICIAL INTEREST


Evidencing


FRACTIONAL
UNDIVIDED INTERESTS


In


ETFS PRECIOUS METALS BASKET TRUST


THE SHARES EVIDENCED
HEREBY REPRESENT RIGHTS WITH RESPECT TO UNDERLYING TRUST PROPERTY (AS DEFINED
IN THE DEPOSITARY TRUST AGREEMENT REFERRED TO HEREIN) HELD BY THE TRUST AND DO
NOT EVIDENCE AN OBLIGATION OF, OR AN INTEREST IN, AND ARE NOT GUARANTEED BY THE
SPONSOR OR THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THE
SHARES NOR THE UNDERLYING TRUST PROPERTY ARE INSURED UNDER ANY AGREEMENT THAT
DIRECTLY BENEFITS THE TRUST OR GUARANTEED BY ANY GOVERNMENTAL AGENCY OR ANY
OTHER PERSON.


UNLESS THIS CERTIFICATE
IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A
NEW YORK CORPORATION (“DTC”), TO THE AGENT AUTHORIZED BY THE ISSUER FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO
ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO.,
HAS AN INTEREST HEREIN.





ETFS PHYSICAL PM BASKET SHARES

ISSUED BY

ETFS PRECIOUS METALS BASKET TRUST

REPRESENTING

FRACTIONAL INTERESTS IN DEPOSITED GOLD, SILVER, PLATINUM, 

PALLADIUM AND ANY OTHER TRUST PROPERTY


THE BANK OF NEW YORK MELLON, as
Trustee


	
  

 	
  

 	
  

 
	
  

 	
 No. 1

 	
 * Shares      

 



          CUSIP:
26922W 10 9


          THE
BANK OF NEW YORK MELLON, as Trustee (hereinafter called the Trustee), hereby
certifies that CEDE & CO., as nominee of The Depository Trust Company, or
registered assigns, is the owner of * Shares issued by ETFS Precious Metals
Basket Trust, each representing a fractional undivided interest in the net
assets of the Trust, as provided in the Agreement referred to below. At the
time of delivery of the Agreement, each 50,000 Shares represented an interest
in 1,500 ounces of Gold, 55,000 ounces of Silver, 200 ounces of Platinum and
300 ounces of Palladium that are deposited under the Agreement and held by the
Custodian referred to in the Agreement. The amount of Gold, Silver, Platinum
and Palladium in which each 50,000 Shares represents an interest will decline
over time as provided in the Agreement. The Trustee’s Corporate Trust Office is
located at a different address than its principal executive office. Its
Corporate Trust Office is located at 2 Hanson Place, Brooklyn, New York 11217,
and its principal executive office is located at One Wall Street, New York, New
York 10286.


          This
Certificate is issued upon the terms and conditions set forth in the Depositary
Trust Agreement dated as of October 18, 2010 (the “Agreement”) between ETF
Securities USA LLC (herein called the Sponsor) and the Trustee. By becoming a
Registered Owner or Beneficial Owner, or by depositing Gold, Silver, Platinum
and Palladium, a Person is bound by all the terms and conditions of the Agreement.
The Agreement sets forth the rights of Depositors and Registered Owners and the
rights and duties of the Trustee and the Sponsor. Copies of the Agreement are
on file at the Trustee’s Corporate Trust Office in New York City.


	
  

 	
  

 
	

 


 	
  

 
	
  

 
	
 * That number of Shares
 held at The Depository Trust Company at any given point in time.

 









          The
Agreement is hereby incorporated by reference into and made a part of this
Certificate as if set forth in full in this place. Capitalized terms not
defined herein shall have the meanings set forth in the Agreement.


          This
Certificate shall not be entitled to any benefits under the Agreement or be
valid or obligatory for any purpose unless it is executed by the Trustee by the
manual or facsimile signature of a duly authorized signatory of the Trustee
and, if a Registrar (other than the Trustee) for the Shares shall have been
appointed, countersigned by the manual signature of a duly authorized officer
of the Registrar.


	
  

 	
  

 	
  

 	
  

 
	
 Dated:

 	
 October __, 2010

 	
 THE BANK OF NEW YORK MELLON,

 
	
  

 	
  

 	
 as Trustee

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 By:

 
	
  

 	
  

 	
  

 	

 


 
	
  

 	
  

 	
  

 	
  

 


THE TRUSTEE’S CORPORATE TRUST OFFICE
ADDRESS IS

2 HANSON PLACE, BROOKLYN, NEW YORK 11217