![]() The value of GLD shares relates directly to the value of the gold held by GLD (less its expenses), and fluctuations in the price of gold could materially and adversely affect an investment in the shares. GLD shares trade like stocks, are subject to investment risk and will fluctuate in market value. As a result, shareholders of GLD do not have the protections associated with ownership of shares in an investment company registered under the 1940 Act or the protections afforded by the CEA. ![]() GLD is not an investment company registered under the Investment Company Act of 1940 (the “1940 Act”) and is not subject to regulation under the Commodity Exchange Act of 1936 (the “CEA”). Alternatively, GLD or any authorized participant will arrange to send you the prospectus if you request it by calling 866.320.4053. You may get these documents for free by visiting EDGAR on the SEC website at sec.gov or by visiting. The GLD prospectus is available by clicking here. Please see the GLD prospectus for a detailed discussion of the risks of investing in GLD shares. Before you invest, you should read the prospectus in that registration statement and other documents GLD has filed with the SEC for more complete information about GLD and this offering. GLD has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Investing in commodities entails significant risk and is not appropriate for all investors. Investing involves risk, and you could lose money on an investment in SPDR® Gold Trust (“GLD®” or “GLD).Ĭommodities and commodity-index linked securities may be affected by changes in overall market movements, changes in interest rates, and other factors such as weather, disease, embargoes, or political and regulatory developments, as well as trading activity of speculators and arbitrageurs in the underlying commodities.
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