Welcome to SPDR Gold Shares (Launched in 2006)
1. SPDR Gold Shares offer investors an innovative, relatively cost efficient and secure way to access the gold market. SPDR Gold Shares are intended to offer investors a means of participating in the gold bullion market without the necessity of taking physical delivery of gold, and to buy and sell that interest through the trading of a security on a regulated stock exchange. The introduction of SPDR Gold Shares was intended to lower many of the barriers, such as access, custody, and transaction costs, that have prevented some investors from investing in gold.
2. SPDR Gold Shares represent fractional, u ndivided beneficial ownership interests in the Trust, the sole assets of which are gold bullion, and, from time to time, cash. SPDR Gold Shares are intended to lower a large number of the barriers preventing investors from using gold as an asset allocation and trading tool. These barriers have included the logistics of buying, storing and insuring gold. In addition, certain pension funds and mutual funds do not or cannot hold physical commodities, such as gold, or the derivatives.
Master Izi Commentary:
a. Beware if they offer you to buy paper gold. You may lose your 'money' anytime.
b. It means they can sell unlimited 'quantity' of paper gold or 'shares based on moving gold price'.
c. Are you an investor or buyer ? You may lose both ways if not careful !
d. It seems that they are replicating the old way of cheating your 'real gold' by promising to pay 'interest/guranteed profit' if your keep your gold with them/bankers. More sophiscated names will be better to confuse you.
e. If you read the current free media - there are 100 times traded gold fund/paper in the world than the real gold trade( physical delivery/stocks today). So 99% gold paper fund are just like shares stocks, have no relationship to true gold buying and selling to take possession.
f. In islamic ruling...all these are riba based financial trading and dubious instruments to increase paper wealth, manipulation, power and control over real gold and silver production/trading.
g. JP Morgan and HSBC control about 80% of world silver traded fund ! Then you know why and how they cheated you by opening up more funds in friendly states under their domination.
h. Alf Field (op.cit.) is talking about the „seven D’s” of the developing monetary disaster: Deficits, Dollars, Devaluations, Debts, Demographics, Derivatives, and Devolution. Let me add that the root of all evil is the double D, or DD: Delibetare Debasement. In 1933 the government of the United States embraced that toxic theory of John Maynard Keynes (who borrowed it from Silvio Gesell). It was put into effect piecemeal over a period of four decades. But what the Constitution and the entire judiciary system of the United States could not prevent, gold did. It was found that gold in the international monetary system was a stubborn stumbling block to the centralization and globalization of credit.