streetTRACKS® Gold Shares
Objective Designed to track the price of gold (net of Trust expenses)
Structure Continuously offered investment trust
Symbol GLD
Exchange New York Stock Exchange
Initial Pricing Based on the price of 1/10th of an ounce of gold
Minimum order 1 share
Short Sale Eligible Yes
Margin Eligible Yes
Estimated Expenses 0.40%*
Gold Bullion
Allocated Gold The Trust’s allocated gold bullion is kept in the form of London Good Delivery bars (400 oz.) and held in an allocated account.**
Storage The gold bullion is held by the Custodian, HSBC Bank USA, in its London vault or in the vaultsof sub-custodians
Actual Storage Facility for the Gold held in trust for benefit of GLD Shareholders
Advantages
Easily Accessible Listed on the NYSE
Secure The Gold Shares represent fractional, undivided interests in the Trust, the primary asset of which is allocated (or secured) gold.
Cost-Effective For many investors, the transaction costs related to the Gold Shares are expected to be lower than the costs associated with the purchase, storage and insurance of physical gold.
Liquid Structure allows for baskets to be created and redeemed according to market demand, creating liquidity.
Transparent There exists a 24-hour global over-the-counter market for gold bullion, which provides readily available market data. The price, holdings and net asset value of Gold Shares, as well as market data for the overall gold bullion market, can be tracked daily at:www.streettracksgoldshares.com
Flexible Gold Shares (NYSE: GLD) are listed on the New York Stock Exchange and trade the same way ordinary stocks do. It is possible to buy or sell Gold Shares continuously throughout the trading day on the exchange at prices established by the market.
Additionally, it is possible to place market, limit and stop-loss orders of Gold Shares.
Management Sponsor: World Gold Trust Services, LLC
Trustee: The Bank of New York
Custodian: HSBC Bank USA, N.A. Marketing Agent: State Street Global Markets, LLC
Filed under: Gold, Mining, Saving | Tagged: business, economics, Economy, Gold, Investing, Life, Stock Market, Thoughts, Work
