| SPDR - The product name for the Standard & Poor's Depositary Receipt, which is an exchange-traded fund (ETF) managed by State Street Global Advisors that tracks the Standard & Poor's 500 Index (S&P 500). Each SPDR share represents one-tenth of the S&P 500 index and trades at roughly one-tenth of the index's dollar value. The term also can refer to the general group of ETFs to which the Standard & Poor's Depositary Receipt belongs. With vast holdings, each purchase dynamics of SPDR Gold Trust have strong influence on the market. SPDR Gold Trust is one of the trust fund (ETF) SPDR managed by State Street Global Advisors - a division of State Street Corporation, Asset Management Group the second largest in the world. |
As of May 6/2012, SPDR Gold Trust is the sixth largest trusts in the United States and is the largest gold trust world.
Instead of trading physical gold, investors purchasing shares of the SPDR Gold Trust. SPDR Gold Share the SPDR Gold Trust shares issued by, sponsored by the World Gold Council. This stock is listed on the New York Stock Exchange on 11.18.2004 with the GLD code and traded on NYSE Arca from 13/12/2007.
So far, SPDR Gold Shares is trading at 4 floors including floor New York Stock Exchange Arca (NYSE Arca), Singapore Stock Exchange, Tokyo Stock Exchange and the Stock Exchange Hong Kong.
Each initial GLD shares worth the equivalent of 1/10 ounce of gold. When the stock price is different from the current price of gold, the fund will exchange for gold stocks. Often each sale, will fund at least one basket swap equal 100,000 shares, each basket is then exchanged for 10,000 ounces of gold. With this mechanism, the stock price is guaranteed SPDR similar to gold prices. The number of gold bought and sold each day are publicly SPDR Gold Trust.
Paulson & Co. fund billionaire John Paulson is currently the largest shareholder of the SPDR Gold Trust, with assets of up to U.S. $ 3.62 billion in 2012.
Physical gold holdings by the SPDR Gold Trust gold vault beneath the HSBC Bank in London - the monitoring of the fund, or in the basement of a branch of the HSBC bank in the form of 400 oz gold bars.
Soros Fund Management LLC Fund of billionaire George Soros also increased holdings of SPDR Gold Trus additional shares 49% in the quarter to 1.32 million shares III/2012.
The amount of gold held by the SPDR Gold Trust increased. If 8 tons of gold that the fund is held on the first trading day prior to the date 10/01/2013 11/18/2004, this fund holds 1337.73 tonnes of gold, equivalent to more than 43 million ounces of gold, worth price of U.S. $ 72.02 billion. The amount of the fund's holdings to a record 1353.34 tonnes on 7/12/2012.
Currently, the gold trusts holding about 2,630 tonnes of gold, equivalent to the output of the world's gold mining within 1 year. With such large holdings, the gold ETF SPDR Gold Trust in general and in particular have important influence to the world gold market. In sensitive cases, the dollar and the oil market are unpredictable, the trading dynamics of the attention has focused ETF.
