Talk:Gold exchange-traded product

merge?
Should this article be merged with Exchange Traded Gold? —Preceding unsigned comment added by S Sepp (talk • contribs) 20:46, 14 May 2006


 * Yes. Redirect was arranged and content merged. —Preceding unsigned comment added by Philip ea (talk • contribs) 21:14, 14 May 2006

iShares COMEX Gold Trust (IAU)
User:Blackrockcohen removed (diff) a statement and reference from the section on iShares COMEX Gold Trust related to the COMEX possibly lacking the physical gold to back its warehouse receipts. His comment: "The claim is inaccurate per the source reference. There is no mention in the sited article of IAU, iShares, iShares COMEX Gold Trust, etc. The article simply references COMEX, a separate entity." While I disagree with his contesting the claim itself, its relevancy here was definitely questionable given the fact that iShares (BlackRock) and COMEX are separate entities. I did more research on IAU's gold holdings and relationship with COMEX and updated the article. Specifically the COMEX issue is relevant to IAU because a COMEX restrictions or delivery problems could cause suspension of trading in IAU, and I have updated the article with a more precise statement reflecting this. I have invited Blackrockcohen to join this talk page. --Stybn (talk) 23:03, 29 July 2010 (UTC)

Misuse of prospectus
First, we should not be using any primary sources. The details in the prospectus are subject to misuse and misinterpretation. The inclusion of the quote "allocated in a vault other than the Custodian's London vault premises" is completely misleading, giving undue emphasis to a negatively perceived phrase in a more complete paragraph, which reads: "Under the Allocated Bullion Account Agreement described in the Trust’s Annual Report on Form 10-K, incorporated herein by reference, the Custodian has agreed that it will hold all of the Trust’s gold bars in its own London vault premises except when the gold bars have been allocated in a vault other than the Custodian’s London vault premises, and in such cases the Custodian has agreed that it will use commercially reasonable efforts promptly to transport the gold bars to the Custodian’s London vault, at the Custodian’s cost and risk. Nevertheless, there will be periods of time when some portion of the Trust’s gold bars will be held by one or more subcustodians appointed by the Custodian or by a subcustodian of such subcustodian." If the whole document is read in context, it is clear that these subcustodians are professionals engaged in the transport of newly added bullion to the HSBC vault. The document details examples of subcustodians: "The subcustodians which the Custodian currently uses are the Bank of England, Brinks Ltd., Via Mat International, and LBMA market-making members that provide bullion vaulting and clearing services to third parties."

Gold has to be physically delivered. This is true of all the funds that handle physical gold. Pulling out one phrase without all these qualifications is misleading. We should not be using the prospectus directly and we should be qualifying all the opinions about the situation as just that, opinions. Yworo (talk) 12:42, 18 September 2010 (UTC)

Question Hinde Capital source
The Hinde Capital source is questionable. They use Wikipedia as a source, among others. See page 8 and the list of references. It would be better to use whatever reliable sources the document references directly. Also, it is clear that the criticisms in the document are directed at all gold ETFs. On page 2 they state that they are simply using GLD as an example, then most of their bullet points refered to "ETFs" rather than "GLD". Therefore it does not seem neutral to put all the criticism under a specific security, it should be moved to a location which applies to all the ETFs holding physical gold. Finally, it seems this document is a client-presentation document intended to convince customers to hold physical bullion. I don't believe it is a neutral reliable source, and question whether we should use such a document at all, considering it is part of a bullion sales and storage pitch. Yworo (talk) 13:00, 18 September 2010 (UTC)
 * Reference removed.Nirvana2013 (talk) 20:14, 22 October 2010 (UTC)

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