SPDR Gold Trust (GLD)

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	[[Image:GLD Logo.png|left]]		[[Image:GLD Logo.png|left]]
-	StreetTRACKS Gold Trust (the Trust) is an investment trust. The Trust holds gold and from time to time and issues streetTRACKS Gold Shares in blocks of 100,000 Shares (Baskets) in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion. The Shares are intended to offer investors an opportunity to participate in the gold market through an investment in securities. World Gold Trust Services LLC is the sponsor of the Trust. The Bank of New York is the trustee of the Trust.	+	== Business and Financials ==
-		+	StreetTRACKS Gold Trust is an investment trust. The Trust holds gold and issues streetTRACKS Gold Shares in blocks of 100,000 Shares (Baskets) in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion. Originally, the details of buying, storing and insuring gold have made it difficult for most investors to enter the gold market on their own. StreetTRACKS Gold Trust solves this issue by creating securities that approximate the gold market.

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Revision as of 22:10, October 16, 2008

Business and Financials

StreetTRACKS Gold Trust is an investment trust. The Trust holds gold and issues streetTRACKS Gold Shares in blocks of 100,000 Shares (Baskets) in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion. Originally, the details of buying, storing and insuring gold have made it difficult for most investors to enter the gold market on their own. StreetTRACKS Gold Trust solves this issue by creating securities that approximate the gold market.

Gold held in trust for benefit of GLD shareholders October 2005

Comparison to Competitors

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References

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