When is gold not held in the Trust’s allocated account?
All of the gold owned by the Trust is held in the Trust’s allocated account in bar form, with three exceptions: • Gold involved in creation or redemption activity on any given day will pass through the Trust’s unallocated account before being allocated to the Trust’s allocated account or transferred to an Authorized Participant’s unallocated account, as the case may be. The quantity of gold involved in creation or redemption activity on any given day has, over the life of the Trust, generally been small in comparison with the total gold holdings of the Trust. Additionally, creation and redemption activity has not taken place every trading day. • Bause gold is allocated or deallocated by the Custodian only in multiples of whole bars (each bar must be between 350 and 430 fine troy ounces), each transfer of gold between the Trust’s allocated account and the Trust’s unallocated account connected with a creation or redemption of a Basket may result in a small amount of gold being held in th
Related Questions
- On a flat-fee retainer with the entire fee held in trust, can the law firm render a statement of account for the entire quoted fee although only partial services have been performed?
- How are expenses and/or improvements handled for real estate held in my Sterling Trust account?
- When is gold not held in the Trust’s allocated account?
