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For
Investment Professionals Only, Not for use with the public.
Shares of GLD trade like stocks, are subject to investment risk and will fluctuate in
market value. Neither diversification nor asset allocation ensure a profit or guarantee
against loss.
The value of the SPDR® Gold Shares relates directly to the value of the gold held by the
SPDR® Gold Trust (less Trust expenses) and fluctuations in the price of gold could
materially adversely affect an investment in the Shares. Investors
should be aware that the historical performance of gold as a wealth
preserving investment is not
necessarily indicative of its future performance, that there is no assurance that gold will
maintain its long-term value in terms of purchasing power in the future, that gold will be an
effective hedge against inflation or dollar depreciations, that the price of gold will be less
volatile than the price of other asset classes, or that gold will be an effective tool for
diversifying investment portfolios. In the event that the price of gold declines, the
SPDR® Gold Trust expects the value of an investment in the Shares to proportionately
decline.
Shareholders of the SPDR® Gold Trust will not have the protections associated with
ownership of shares in an investment company registered under the Investment Company Act of 1940 or
the protections afforded by the Commodity Exchange Act of 1936. The SPDR® Gold Trust is
not registered as an investment company under the Investment Company Act of 1940 and is not
required to register under such act. Neither World Gold Trust
Services, LLC nor the Trustee of the
SPDR® Gold Trust is subject to regulation by the CFTC. Shareholders will not have the
regulatory protections provided to investors in CEA-regulated instruments or commodity pools.
The
SPDR®
Gold Trust has filed a registration statement (including a prospectus) with
the SEC with respect to the SPDR® Gold Shares to which this communication relates.
Before you invest in SPDR® Gold Shares, you should read the prospectus in that
registration statement and other documents the SPDR® Gold Trust has filed with the SEC
for more complete information about the SPDR® Gold Shares. You may get these documents
for free by visiting EDGAR on the SEC website at www.sec.gov. Alternately, the SPDR®
Gold Trust or any Authorized Participant in respect of the SPDR® Gold Shares will
arrange to send you the prospectus if you request it by calling toll free at 1-866-320-4053 or
contacting State Street Global Markets, LLC, Attn: SPDR® Gold Shares, One Lincoln
Street, 30th Floor, Boston, MA 02111.
The prospectus contains material information about the SPDR® Gold Trust and its
Shares which is material and/or which may be important to you. You should read the entire
prospectus, including Risk Factors before making an investment decision about the Shares.
The SPDR® trademark is used under license from The McGraw-Hill Companies, Inc. No
financial product offered by State Street, a division of State Street Bank and Trust Company or its
affiliates is sponsored, endorsed, sold or promoted by The
McGraw-Hill Companies, Inc.
(McGraw-Hill). McGraw-Hill makes no representation or warranty, express or implied, to the owners
of any financial product or any member of the public regarding the advisability of investing in
securities generally or in financial products particularly or the ability of the index on which
financial products are based to track general stock market performance. McGraw-Hill is not
responsible for and has not participated in any determination or calculation made with respect to
issuance or redemption of financial products. McGraw-Hill has no
obligation or liability in connection with the administration,
marketing or trading of financial products.
WITHOUT
LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL McGRAW-HILL HAVE ANY LIABILITY FOR ANY
SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES
[INCLUDING, BUT NOT LIMITED TO, LOST
PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
Marketed by State Street Global Markets, LLC, an affiliate of State Street
Global Advisors.
Not FDIC InsuredNo Bank GuaranteeMay Lose Value.
© 2009 State Street Corporation. All Rights Reserved.
IBG-0639
Exp. Date: 4/30/2010
SPDR® GOLD TRUST has filed a registration statement (including a prospectus) with the
SEC for the offering to which this communication relates. Before you invest, you should read the
prospectus in that registration statement and other documents the issuer has filed with the SEC for
more complete information about the Trust and this offering. You may get these documents for free
by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Trust or any Authorized
Participant will arrange to send you the prospectus if you request it by calling toll free at
1-866-320-4053 or contacting State Street Global Markets, LLC, One Lincoln Street, Attn: SPDR®
Gold Shares, 30th Floor, Boston, MA 02111.