Does anyone know of an ETF that invests solely in a mix of precious metals?

Looks to me that the only funds that deal in a basket are using futures contracts instead of holding physical metals.

I found an Exchange Traded Note from Powershares;

Ticker “DBP”
http://www.dbfunds.db.com/Dbp/Pdfs/DBP_Fact_Sheet.pdf
Bear in mind that DBP is buying futures contracts, NOT holding physical metals.

Here’s the rest of what I found;

http://etf.stock-encyclopedia.com/category/precious-metals-etfs.html

You may have better luck if you look for a Unit Investment Trust or perhaps a Closed End Fund.

Search “Precious metals UIT’s”