The investment seeks to reflect the performance of the price of gold bullion less the Trust expenses. The Shares are intended to constitute a simple and costeffective means of making an investment similar to an investment in gold. An investment in physical gold requires expensive and sometimes compl...
The investment seeks to reflect the performance of the price of gold bullion less the Trust expenses. The Shares are intended to constitute a simple and costeffective means of making an investment similar to an investment in gold. An investment in physical gold requires expensive and sometimes complicated arrangements in connection with the assay transportation warehousing and insurance of the metal. Although the Shares are not the exact equivalent of an investment in gold they provide investors with an alternative that allows a level of participation in the gold market through the securities market. The Shares are intended to constitute a simple and cost-effective means of making an investment similar to an investment in gold. An investment in physical gold requires expensive and sometimes complicated arrangements in connection with the assay, transportation, warehousing and insurance of the metal.
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