Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

*** WARNING! Contagiously bullish Gold related post ***

G'day oeo2oo,
Any day that starts off with a 9# micropterus salmoides before breakfast is deserving of the g'day salutation, says the grizzled veteran bass hunter, in a matter of fact tone that belies . -ggg-

Back in January, if you might recall, we were trying to get a handle on a QQQ type of Gold EFT and while there were mucho rumblings of such a vehicle, actually several vehicles if memory serves.....

At that time (1-7-03), you wrote:
(btw, I sure love our iHub search engine)

Dan,
While your looking up those ounces in storage, perhaps you could do a little digging about the mechanics of the proposed Gold Council's ETF for gold. As I understand it, this would be a paper certificate that will trade freely, and thus available to any institution, including those not normally allowed to own physical gold. I am presuming that this set-up would be similar to QQQs where an institution can create QQQs by depositing the underlying securities and then selling the QQQs.
If these come to pass, it would seem to me that demand for physical would skyrocket, and thus the price of gold. Your thoughts?
oeo2oo
http://www.investorshub.com/boards/read_msg.asp?message_id=660047

Well, my friend,
Never (except sometimes) let it be said that I don't follow through on stuff...... LOL!

World Gold Trust Services, LLC Files Form S-1 Registration Statement for Equity Gold Shares
Tuesday May 13, 5:52 pm ET

NEW YORK--(BUSINESS WIRE)--May 13, 2003--World Gold Trust Services, LLC today announced that it has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission ("SEC") for the proposed continuous offering of securities of the Equity Gold Trust, an investment trust that will hold gold bullion.

The Trust will issue Equity Gold Shares (the "Shares") in return for gold bullion, only following an order of the SEC declaring the registration statement effective. Subject to the notice of issuance, the shares will be listed on the New York Stock Exchange under the ticker "GLD".

UBS Warburg LLC will act as the sole underwriter for the purposes of the initial purchase of the Shares under this registration statement. HSBC Bank USA will act as the Trustee and the Custodian of the Equity Gold Trust.

World Gold Trust Services, LLC, is the sponsor of the Trust, and is a Delaware limited liability company, headquartered in New York. It is a wholly-owned subsidiary of the World Gold Council, a not-for-profit association registered under Swiss Law and headquartered in London.

A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state of jurisdiction.

The statements contained in this release, including the proposed offering that are not historical facts are forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual outcomes to differ materially from those in such statements. The outcomes could be affected by, among other things, general business conditions, the impact of changes in the World Gold Trust Services, LLC's business and operating results and changes in conditions in the financial and gold markets.

Contact:

World Gold Trust Services, LLC
Richard Simonelli
212/213-7117

http://biz.yahoo.com/bw/030513/135925_1.html

Additional filings:

WORLD GOLD TRUST - Registration Statement
http://www.sec.gov/Archives/edgar/data/1222333/000095013603001202/file001.htm

WORLD GOLD TRUST / HSBC - Trust Indenture
http://www.sec.gov/Archives/edgar/data/1222333/000095013603001202/file005.htm

WORLD GOLD TRUST - Limited Liability Company Agreement
http://www.sec.gov/Archives/edgar/data/1222333/000095013603001202/file004.htm

WORLD GOLD TRUST / UBS WARBURG - Distribution Agreement
http://www.sec.gov/Archives/edgar/data/1222333/000095013603001202/file002.htm

WORLD GOLD TRUST - Gold Flowchart
http://www.sec.gov/Archives/edgar/data/1222333/000095013603001202/html_g91241flowchart2.jpg

Given SEC approval, another fuel source to help propel the PoG to all time highs.

More to come...

Dan