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Tuesday, November 23, 2004 2:07:24 AM
I don't know the answers to the other questions, I do know that they sold 2.3 million shares in the initial IPO and will from time to time sell more. Their prospectus is rather lengthy and I've not read it, if your interested and have time on your hands, you can thumb through it, it's filed with the SEC at www.sec.gov ; Right now there's a big controversy of whether or not GLD actually has the amount of gold bullion in its' possession that it should or if it's just another paper derivative.
However, the people responsible for this claim that they will exchange actual bullion for your shares if you own over 100,000 I believe, it might be 10,000 though, I think I've seen both numbers posted...
One things for sure, this index does a good job at tracking the price of actual gold, and it has added more liquidity to the gold market (IMO), as well as interest.
Recent GLD News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/29/2024 06:46:50 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/08/2024 06:11:30 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/08/2024 03:33:22 PM
- Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses • Edgar (US Regulatory) • 01/19/2024 05:18:16 PM
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- Form 424I - • Edgar (US Regulatory) • 12/27/2023 04:04:08 PM
- Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses • Edgar (US Regulatory) • 12/22/2023 09:02:08 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 11/22/2023 07:49:08 PM
- Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses • Edgar (US Regulatory) • 09/14/2023 02:12:55 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/12/2023 08:02:07 PM
- Gold Stabilizes Near One-Month Highs as U.S. Interest Rate Hike Expectations • IH Market News • 08/31/2023 12:43:38 PM
- Gold Closes Higher, With Strong Retreat In Treasury Interest Rates And Dollar Low • IH Market News • 08/29/2023 06:20:49 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/07/2023 06:55:27 PM
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