Eine Frage an die Gold- Fans - 500 Beiträge pro Seite

[Sep]

Vielleicht könnt ihr mir weiterhelfen ?

Vor vielleicht 4 Wochen wurde ich Zeuge eines Berichts im US- Fernsehsender CNBC, es ging darum, daß eine neue Form einer Art Gold- Zertifikat aufegelegt werden sollte.

Da ich einen Kunden hatte, und der ton des Fernsehens entsprechend heruntergedreht war, habe ich die sache nicht genau mitbekommen.

DSoviel jedoch, daß diese Zertifikate unterlegt sein sollen mit echtem Gold, also physisches Gold dafür gekauft werden soll.

Ich kann nicht sagen, wie das dort organisiert ist, ich habe nur einen der Sprecher gehört, der sinngemäß sagte, dies könne den Goldmarkt beflügeln.

Klar, wenn man Gold kauft, muß der Goldpreis steigen, das leuchtet mir ein. Hier schien es sich um eine Strategie zu handeln, die wir hier im Forum vor mehr als 2 Jahren mal diskutiert haben: kollektive Goldkäufe.

Frage nun: wer hat davon gehört, hat vielleicht einen Namen parat, oder sont irgendwelche weiterführenden Informationen ?

Soviel ich mich erinnere, sagten die in der Sendung, daß damit physisches Gold an der Börse handelbar wäre.

SEP


PS: die Eröffnung dieses Threads war nur möglich, nachdem ich eine Aktie angegeben hatte, zu der dieser Thread gehören soll. Ich habe irgendwas angeclickt, weil W0 sonst den thread nicht akzeptiert hätte.

[Culogrande1]

Kann es sich um diesen Kanatzki Goldfonds drehen??

Da gibt es einen der die Anlegergelder direkt in Ounces investiert.

Culo

[konradi]

.


Hallo Sep,

Wenn Du bei Google den Begriff "Gold ETF" (ETF = Exchange Traded Fund) eingibst, wirst Du möglicherweise finden, was Du suchst. - z.B.:

http://www.indexfunds.com/articles/20030611_goldETF_new_etf_… und
http://www.misys-ams.com/research/news/d200306/goldetf01.htm…

Ein goldgedeckter warrant ist der:

GOLD CORP 50 ZAU (GOLD) CALL WARRANT 31-DEC-13

http://www.tradingroom.com.au/apps/qt/quote.ac?cmd=quote&cod…

Wednesday 7th May, Gold Corporation (the Perth Mint) announced it would list on the Australian Stock Exchange a gold-backed warrant - Code: "ZAUWBA" - which entitles the holder to exercise a call warrant to receive 1/100th of one ounce of gold bullion.



goldgedeckte Fonds gibt es auch, z.B. :

Gold Bullion Limited (ASX Code: "GOLD")

http://www.goldbullion.com.au/

Gold Bullion Limited is an open-ended gold fund listed on the ASX (Code; "GOLD). The fund invests in allocated gold bars which are stored and insured with HSBC Bank USA in London. Each share is equal to 1/10th of one fine troy ounce of gold bullion.


Möglicherweise für Dich ebenfalls interessant:

http://www.boerse-online.de/special/xtf/124481.html

http://www.goldcurrencies.ca/cgi-bin/learn.php

http://www.e-gold.com/


Gruß Konradi


.

[howling wolf]

Letztendlich ist auch ein "goldunterlegtes" Zertifikat nur ein Stück Papier,
insbesonders wenn US-Banken im Spiel sind oder gar das Gold dort gelagert wird.
Da kann ich mir, im Vertrauen auf meinen lieben Vater Staat, auch einen Pfandbrief kaufen.
Das einzig reale und sichere Gold ist das, das ich selbst physisch unterm Apfelbaum in meinem Garten vergraben habe.
hw

[konradi]

.


The Gold Equity Share: An Idea Whose Time Has Come

by: John Hathaway

The World Gold Council (WGC) launch of a gold exchange traded fund (ETF) promises to revolutionize the gold market. It was filed with the SEC 5/14/03. After reviewing the document and considerable thought, we conclude that the new Gold Equity Share is a highly significant milestone for gold. For the first time in history, investors of all descriptions will be able to invest in physical gold through brokerage firms and other mainstream financial market channels. Previously, investment in gold meant withdrawing money from a brokerage or bank account in order to pay a coin dealer or a bullion dealer. The ETF will eliminate the past inconveniences, uncertainties, and bureaucratic hassles that have long stymied a free flow of capital from retail and institutional investment portfolios into the physical metal.

The WGC Gold ETF will be listed on the NYSE once it has received final SEC approval. Each share will represent 1/10th of one ounce of gold, and at current gold prices, will trade at around $35. More important, each share will be backed by 1/10th of one ounce of physical gold, deposited with Hong Kong Shanghai Bank in London. The gold will be allocated which means that it cannot be lent to bullion dealers and/or used in the gold derivatives trade. The introduction of a gold ETF will finally integrate physical gold with other financial markets and thus end its isolation based on the archaic and creaky conventions subject to which it has historically traded. The gold market’s antiquated architecture has much to do with the metal’s substantial undervaluation. By creating simple access to physical metal, the WGC ETF will begin to freely tap capital market flows and thereby diminish the heretofore undesirable influence of central banks on the price. Expanding the borders of the gold market beyond the collective mentalities of central bankers, bullion dealers, derivative traders, commodity funds, and jewelry buyers, Middle Eastern souks and Asian bazaars will contribute substantially to its price.

For those who might doubt the potential significance the new Gold Share on the metal price, look no further than the experience of our very own Tocqueville Gold Fund (ticker=TGLDX). One year ago, the fund received authorization to buy and sell physical metal. We did so by soliciting a special vote of the fund trustees and by subsequently establishing complex arrangements with various bullion dealers. Even after having taken these steps, TGLDX is not permitted to hold more than 10% of fund assets in physical metal because of commodity-unfriendly tax regulations. We would be surprised if many gold sector funds have undertaken the same laborious process. For most, the path of least resistance has often been to invest in the shares of gold producers or in structured notes (a.k.a. gold linked derivatives) issued by money center financial institutions.

For individual investors, the historical barriers have been even more daunting. Very recently, an acquaintance of mine described taking a cashier’s cheque to a coin dealer in exchange for $50,000 in Krugerrands. These coins were then transported by my friend via the NY subway system (no armed guard by his side) for ultimate deposit in his basement. He has written himself several notes as to the exact subterranean location.

While hard core gold enthusiasts may have been willing on occasion to challenge the impediments to buying the physical metal, main stream investors considered investment in gold to be completely off the reservation. Even if the notion possessed intellectual merit, which of course for most it did not, the preferred route was to invest in the shares of generic, highly liquid gold mining companies.

Although gold mining shares appeal to those seeking their considerable leverage to changes in the gold price, they incorporate business risks that clash with the fundamentally conservative and risk averse reasoning that might attract a wider audience to gold. The business of mining gold is subject to a long list of uncertainties. These include geological, labor, regulatory and environmental, financial, and not least, political risks particular to host countries. In addition, gold shares exhibit all of the volatility and then some of the characteristics of long-dated options, which is in fact what they are. Physical metal entails none of these detractions. In fact, the only risk to physical metal is the possibility of paying excessively. Otherwise, gold bullion is the safest asset in the spectrum of investment alternatives.

The same cannot be said for the gold linked structured notes (derivatives) issued by financial institutions such as money center banks or investment houses. These instruments are backed not by gold but by the credit of the issuing institution. They are easy to buy and next to impossible to sell. The credit of such issuers has been suspect of late.

Will the gold ETF divert capital from the share market and thereby lower valuations of the entire mining sector? On the one hand, those wishing exposure to gold will feel less compelled to configure their entire position in the form of shares. In this regard, the market for gold shares might contract. On the other hand, a gold ETF will broaden the potential population of investors to those who see gold as a portfolio diversifier. For example, large pension funds that must operate with 20 to 30 year time horizons, have to date evidenced only a miniscule presence in the market for physical gold. Surely, the long term financial insurance represented by gold bullion will appeal to many of these fund managers. The speculative aspects of gold investing are less important to these investors than protecting capital during periods of extreme financial market stress. A gold ETF will significantly broaden the eligibility and appeal of physical bullion as an investment class. The resulting revaluation of gold to a permanently higher level will in turn expand the entire market cap of the mining sector.
The market capitalization of the gold mining sector is a relatively tiny $50-60 billion. The “market cap” of the amount of physical gold available for investment, excluding central bank holdings, is very approximately $ 1 trillion. Even after making the extreme assumption that all central bank gold is in play, the investment gold market cap is only $1.4 trillion. World financial wealth in the form of bonds and equities exceeds $50 trillion. An allocation of only 1/10th of 1%, (by the way, a much smaller allocation than we are recommending) would equate to 5000 tonnes of physical metal, the equivalent of two years’ supply of newly mined gold. Such an allocation would in time cause gold to trade comfortably in excess of 4 digits in terms of US dollars, Euros and just about any other currency as well.

Ample research testifies to the fact that gold is either non-correlated or inversely correlated to all other asset classes including equities, bonds, and currencies. Research also shows that gold tends to perform well during periods of financial market stress. During stressful periods, the correlation between major asset classes other than gold becomes more positive. Portfolios designed for plain vanilla risk might not survive less frequent but more serious risk. Efficient frontier analysis suggests that a small (5%) allocation to gold stabilizes portfolio returns. As stated in a recent research paper published by Nik Bienkowski of Gold Bullion Limited, “a portfolio designed for the long-term may not survive to generate long term performance unless it can withstand all market conditions.”

No academic studies are needed to demonstrate the superiority of gold relative to paper in terms of maintaining value throughout generations and even centuries. Given the sorry record of paper assets in this regard, why should derivatives fare any better? Derivatives of all kinds now total $141.7 trillion, according to the Bank for International Settlements, and are by far the most rapidly expanding asset class. They are fatally skewed in that they came into prominence during the historical oasis of the last two decades. They were conceived in a yankee-centric fantasy world of a permanently strong dollar, low inflation, falling interest rates, and high equity valuations. When stress tested, even in this best of all possible worlds, derivatives have failed abysmally to provide liquidity.

Despite the fact that the gold mining industry hedge book has been reduced by 504 tonnes (or 15%) over the past two years, the notional amount of world gold derivatives have increased by 50% since 2001, according to the BIS, to $315 billion. The netted amount or gross market value has increased by 25% to $28 billion, the equivalent of one year’s supply of newly mined gold. In our view, the global derivatives book continues to be offside in a world of shrinking gold production, declining hedge activity, and rising gold prices. While not central to the case for a substantial rise in the gold price, the continuing reduction of hedge books by the mining industry along with the increasing paper claims for physical gold represented by derivatives reinforce the prospect for volatility and instability in a rising price trend.

Derivatives, designed to disseminate risk, have in fact become a source of systemic risk. Interest rates, currencies, share prices, credit risks and commodity prices are now intermediated by complex financial products which Warren Buffet described as financial weapons of mass destruction and time bombs that threaten the financial system. The financial markets and their central institutions have become mega betting machines that are indecipherable to outsiders and to participants alike. Designed to perform in what their architects presumed to be “normal” circumstances, derivatives will fall apart in a climate of sinking confidence. Gold, a bystander to the intellectual foolishness at the core of derivatives, will be welcomed by the financial markets as a premier financial asset incorruptible by such nonsense. It will be sought after vigorously by investment managers for whom long term outcomes and the well being of their investment constituents truly matter.

John Hathaway

Tocqueville Asset Management L.P. - 16.05.2003

[konradi]

.



Drum roll, please, for NYSE gold
New fund will revolutionize bullion ownership

By Thom Calandra

SAN FRANCISCO (CBS.MW) - More than a year after word leaked of a new security that could transform the way North American investors buy gold, the exchange-traded fund is headed to the New York Stock Exchange.


The new piece of paper, if approved by the Securities and Exchange Commission, looks like it will live up to the drum-roll that preceded it. See: Organizers look for approval of gold ETF.

The World Gold Council`s Equity Gold Trust (GLD: news, chart, profile) marks the second commodity-linked security to grace the floors of a stock exchange. The first, Gold Bullion Ltd.`s Australia-traded security (AU:GOLD: news, chart, profile), is already meeting brisk demand for so-called "paper gold."

The down-under gold fund, which allows investors to own one-tenth of an ounce of gold for each share of stock they buy, is structured much like the World Gold Council`s proposed fund. The Australian-traded one started with five 400-hundred ounce bars when it debuted earlier this spring. As of mid-May, the Gold Bullion trust shows 150 bars, or about 61,000 ounces worth $21.3 million in U.S. dollars.

That`s a good showing for the security`s first 35 days.

"That`s 450,000 ounces in a full year of 261 working days," Andy Smith at Mitsui Global Precious Metals tells me. Prorated for a U.S. population that is 15 times as large as Australia`s, the proposed NYSE product could spark demand of 205 tonnes, or about 6.6 million ounces, says Smith, a well-known gold analyst. That`s about the yearly production of a dozen or so mid-tier producers of the metal.

"The Mother and Grandmother of Bullion Products? By comparison, the last bonanza year for gold Eagle coins was 1999, and 2 million ounces were sold," Smith tells me. That year, of course, was when the world was nervous about the millennium computer bug that failed to materialize.

As for mechanics, trustees` fees for the proposed NYSE-traded fund are a miniscule expense ratio of 0.12 percent, in keeping with the low fees attached to well-known indexed ETFs such as the Nasdaq 100 QQQs or the S&P 500 SPY. (See our exclusive story on the World Gold Council`s filing this week).

There are those who will wonder why the proposed Equity Gold Trust only allows actual redemption of gold from paper to actual bullion in amounts of 10,000 ounces, about $3.5 million worth.

The best answer is that not many individuals will care about redeeming their gold paper. Indeed, Americans (and more than a few Canadians) have little inclination to actually hold gold and pay insurance and storage fees for the privilege.

Larger investors, including the hedge funds whose bets often precede a monstrous move in a stock or bond, are more likely to want that gold in their coffers and not just on paper. Each of the Equity Gold Trust`s shares will represent a tenth of an ounce of actual gold and not some derivative formula for the gold price. At current prices, the shares would trade at about $35 each.

The physical gold as represented by the daily purchases and sales of investors in the proposed fund, will be deposited with Hong Kong Shanghai Bank in London.
The real question, for those looking to the day when Equity Gold Trust begins trading on the NYSE under the ticker symbol GLD, is this: Can the creation of a product convince investors to go where they have not gone before?

After all, Americans have little in the way of gold mining stocks or actual gold in their portfolio. U.S. investment firms have been slow to include gold in their model asset allocations, even with the price of the metal rising about $100 in the past two years to its current $355 an ounce.

The answer is yes. The QQQs, which are the physical embodiment of Americans` lingering fascination with technology stocks, attract $2.5 billion of turnover on a mediocre day. Not bad for an asset class whose net asset value has declined 75 percent since its year 2000 peak.

John Hathaway, a mutual fund manager whose research into gold demand is among the best on Wall Street, worked up some numbers on all this. Hathaway, whose Tocqueville Gold Fund (TGLDX: news, chart, profile) has regulatory approvals to own as much of 10 percent of its portfolio in actual gold, puts it like so.

"The market capitalization of the gold mining sector is a relatively tiny $50 billion to $60 billion," he says from New York. "The market cap of the amount of physical gold available for investment, excluding central bank holdings, is very approximately $1 trillion. Even after making the extreme assumption that all central bank gold is in play, the investment gold market cap is only $1.4 trillion."

That compares to financial wealth in the form of bonds and stocks of more than $50 trillion. "An allocation of only a tenth of 1 percent would equate to 5,000 tonnes of physical metal, the equivalent of two years` supply of newly-mined gold. Such an allocation would in time cause gold to trade comfortably in excess of four digits ($1,000) in terms of U.S. dollars, euros and just about any other currency as well," Hathaway says.

Gold Fields Mineral Services, a tracker of bullion trends, estimated 22 tonnes of gold investment (and not gold jewelry) by individuals in North America for 2002. That was down from 25 tonnes in 2001. (It is not clear whether such a figure includes inflows into the one closed-end fund that represents bullion in North America, Central Fund of Canada (CEF: news, chart, profile).)

Still, "we are talking froth on small beer here," Smith in London told me Friday morning.
An interesting aside: The Australian ETF, also sponsored by the World Gold Council, is getting most its purchases from Americans, Canadians and Europeans. Nik Bienkowski, investment manager for the Gold Bullion Ltd. fund, says from Australia that European and North American institutions "have become the major investors in Gold Bullion Ltd., accounting for more than $25 million of the more than $33 million of shares sold since the company listed on the ASX at the end of March."

As for my opinion, the World Gold Council, under the chairmanship of former Gold Fields Ltd. (GFI: news, chart, profile) CEO Chris Thompson, is well on its way to redeeming the trade group`s checkered history as a failed marketer of bullion to the masses. Upon launch of the new gold paper, the World Gold Council presumably would spend several tens of millions of dollars marketing the product to investors.

For now, the gold council is not saying anything, as their security is in registration and the London and New York executives at the organization don`t want to throw a monkey-wrench into the works, like a Bear, Stearns analyst just did with comments about a looming IPO.

Yet in the course of the past 12 months, more than one gold mining executive has told me they see the price of gold rising in the short term to $600 an ounce after the launch of the NYSE-traded ETF. What is the short term? A year or less. The World Gold Council in its filing says it will scrap the new fund if gold in the trust`s London-based vaults amounts to less than 1 million ounces at the end of a year.

Smith at Mitsui Global advises the gold council to direct its new security to the masses. "Aim for grassroots not treetops," he says. At $35 a share, the same folks who plunk down $28 for a piece of the Nasdaq 100 will be fair game.

Hathaway at Tocqueville is one of a small crowd of people who see the price of gold rising well above $1,000 in coming (pick one) months, years.

"For the first time in history, investors of all descriptions will be able to invest in physical gold through brokerage firms and other mainstream financial market channels," Hathaway says. "The ETF will eliminate the past inconveniences, uncertainties and bureaucratic hassles that have long stymied a free flow of capital from retail and institutional investment portfolios into the physical metal."

CBS marketwatch - 16.05.2003


.

[xnickel]

Hallo Sep,
freut mich, daß es Dir gut geht.
Will nur mal schnell herzlich grüßen
xn

[Sep]

@howling Wolf, ich gebe Dir recht mit Deiner Skepsis, dennoch scheint, was @konradi reingestellt hat, eine nähere Befassung wert zu sein.

@xnickel, grüß Dich, alles im Lot auf dem sinkenden Boot.

@konradi, vielen Dank. Genau das war, was ich suchte. Ich drucke es mir mal aus, damit es nicht wieder verloren geht.

Ich hatte, als ich das mit einem Ohr in CNBC hörte, ein wenig den Eindruck, daß da Leute sich ein paar interessante Gedanken gemacht haben, mit interessanten Konsequenzen. Das lohnt, verfolgt zu werden. Die Kommentatoren von CNBC sind alles andere als gold- freaks, rein gefühlsmäßig kam aber rüber, daß sie beeindruckt waren.

Nun haben sie meiner zukünftigen Schwiegertochter in der Bank einen Bausparvertrag ans Herz gelegt, mich hats fast vom Hocker gehauen. Auf der Suche nach einem halbwegs sinnvollen Investment scheint mir für einen jungen Menschen eine Gold- Investition überlegenswert, ohne die Risiken der Minen, ohne die Notwendigkeit, dies fortwährend verfolgen zu müssen.

Ich danke Dir, und ich grüße die Gemeinde hier. Wir werden es bald geschafft haben, denke ich.

SEP

[konradi]

Danke für die Blumen, Sep, und viel Glück ...
wir sind uns auch hier wieder einig ...

Gruß Konradi

[TFischer]

Gruss auch von mir - ich denke, dass die Zeit der Werte bald mal kommen könnte.

TFischer

[howling wolf]

@ SEP

Du hast Recht,
nachdem ich mir die postings von konradi genauer durchgelesen habe, bin ich auch der Meinung,
dass diese neuen Instrumente durchaus eine positive Wirkung auf den Goldmarkt zeigen können,
wenn sie "neue goldbugs" generieren.
Diese Papiere wären durchaus geeignet für Anleger, die an sich bereit sind, einen Teil des Portfolios in Gold
zu investieren, bisher aber weder ( umständlich ) selbst physisches Gold noch ( riskant ) Minenaktien kaufen wollten.
Auch wenn ich persönlich den Besitz physischen Goldes vorziehe,
sehe ich die Möglichkeiten, die eine grosse Nachfrage nach goldgedeckten Zertifikaten oder warrants birgt:
Der hohe Bedarf an physischem Gold zur Deckung der Papiere
könnte die Manipulateure am Terminmarkt in die Bredouille bringen,
wenn die Käufer plötzlich physisches Gold ausgeliefert haben wollen.

Gruss
hw

[Sep]

howling wolf

ich sehe die Sache so, daß für jedes hier verkaufte Zertifikat Gold aus dem Kreislauf genommen wird. Es ist auch Bedingungen unterworfen, beispielsweise der, daß es nicht beliehen werden kann etc. Das heißt, es wird nicht lediglich ein "Papier" gehandelt, sondern tatsächlich auch im Hintergrund ein Mechanismus auf dem physischen Goldmarkt erzeugt.

Ein weiterer Aspekt scheint mir zu sein, daß dieses Papier wie eine Aktie an der NASDAQ gehandelt wird, auf 1/10 Unze lautend.

Es ist ein Unterschied, ob Du ein spezielles Bank- Zertifikat erwirbst, oder aber ein Aktien- gleiches Wertpapier, das ganz normal an der Börse gehandelt wird. Das heißt, der Kundenkreis erweitert sich enorm.

Es ist neben den Zertifikaten, den Minen, den Münzen (und Barren) und dem Schmuck ein weiteres Trading- Instrument mit großer Reichweite.

Drittens ist dies eine Maßnahme, die - nachdem die Börsenzulassung durch die SEC erteilt sein wird, massiv durch Werbung des Gold Council propagiert werden wird. Das hat 2 Effekte:

erstens) irgendwas werden die schon absetzen mit ihren Werbemaßnahmen.

Zweitens jedoch) Auch wenn Anleger vielleicht nicht beimischen (was sie sollten) so kommt Gold doch positiv ins Gerede. Auch bei denen, die sich überlegen, ob Gold wegen dieser Aktion nicht steigen müßte, und sich deswegen ein paar Münzen, Barren - oder Tonnen - in den Tresor legen.

Viertens: Das Gold Couincil hat allerhöchste Glaubwürdigkeit. Die haben schon mal Aktionen gestartet, Münzen propagiert, aber dies ist etwas pfiffiger.

Fünftens: das timing ist nicht schlecht.

Das Washingtoner Abkommen endet demnächst. Ich bin wirklich gespannt, wieviel des Goldes überhaupt noch vorhanden ist, nachdem wir uns hier vor Jahren in die Bilanzierungs - Besonderheiten bei Gold, bei der Buba eingearbeitet hatten. Demnach ist es ja möglich, verkauftes Gold als "nicht verkauft" auszuweisen, solange es in den Büchern noch als "verliehen" geführt wird, auch dann, wenn bekannt ist, daß die Leiher das Gold veräußert haben.

Irgendwann wird sich also vielleicht zeigen, was überhaupt noch vorhanden ist. Jedenfalls rechne ich nicht damit - deswegen führe ich den Punkt an - daß Gold auf den Markt kommen wird. Es kommt allenfalls etwas Wahrheit in den Markt, die dem lange entschwudndenen Gold folgt.

Auch wenn Welteke - oder wer auch immer- von einem Umtausch Gold gegen Papier sprach, so glaube ich, daß er damit lediglich die "Korrektur" seiner Buchhaltung im Auge hatte. Die Umbuchung in seiner Bilanz: Ausbuchen des längst verkauften Goldes, und Hereinnahme der dafür ins vorgesehenen Sicherheiten, bzw Kaufpreise. (Dabei wäre für den Bürger generell interessant, zu welchem Preis die abrechnen, zum Tagespreis, oder dem Preis zum Tage der Leihe).

Ich bin dankbar, daß diese Aktion-Gold neue Käuferschichten öffnet. Ohne daß damit rumgegooft werden kann. Ich glaube, soviel hat das Gold Council dazugelernt.

SEP

[talvi100]

#299 von talvi100 16.05.03 08:58:19 Beitrag Nr.: 9.468.372 9468372

USA: Gold bald als Wertpapier handelbar?

Das World Gold Council hat bei der US-Börsenaufsichtsbehörde SEC einen Antrag zur Börsennotierung eines Wertpapiers gestellt, dass auf den Preisbewegungen von Gold basieren soll. Der Exchange Tradet Fund (ETF) soll mit realen Goldvorkommen abgesichert und zu normalen Börsenzeiten gehandelt werden. Insgesamt sind 60.4 Millionen Wertpapiere im Gesamtwert von $2 Milliarden geplant. Das in London ansässige World Gold Council sieht für den ETF das Kürzel „GLD“ vor. Weltweit wäre der Gold-ETF das zweite, in den USA das erste Wertpapier dieser Art.

© BörseGo

*****************************************************

Hat jemand mehr Info über das erste Gold-ETF und gibt es für das zweite Wertpapier schon eine WPK?

Grüße Talvi

[konradi]

.


Das World Gold Council hat am 13. Mai das "Form S-1 registration statement" bei der SEC eingereicht:

Name: EQITY GOLD TRUST

Börse: New York Stock Exchange

Symbol: GLD

http://www.mips1.net/MGGold.nsf/0/4225685f0043d1b285256d2800…


Wie lange die Prüfung der SEC nun dauert konnte ich nicht rausfinden.

... 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...

zum Thema:

http://www.thestreet.com/pf/markets/aarontaskfree/10093462.h…


.

[talvi100]

von talvi100 27.04.03 07:51:50 Beitrag Nr.: 9.278.426

Zitat Merrill Lynch :

Das mögliche Angebot von Goldverbriefungen für Anleger könne spannende Aussichten bieten und sich als wichtige neue Quelle für die Goldnachfrage erweisen, wodurch das Metall als Anlagenklasse noch interessanter würde.


Grüße Talvi

[borazon]

re #13
Das erste derartige Gold-ETF-Konstrukt gibt es seit einigen Monaten an der australischen Börse (bin mir nicht ganz sicher).
Habe allerdings weder Kürzel noch WKN/ISIN.

[konradi]

.

Es gibt an der ASX zwei unterschiedliche Wertpapiere, die auf der Basis einer physischen Golddeckung gehandelt werden:


1.

Name: The Gold Bullion Security (Gold Bullion Shares)

Website: http://www.goldbullion.com.au/prospectus/gb_prospectus.asp

Listing: ASX

Symbol: GOLD

The Gold Bullion Security ("GOLD" ) is an Australian Stock Exchange (ASX)-listed share with gold bullion as its underlying asset. The difference between investing in gold bullion and GOLD is that GOLD can be bought and sold on the ASX. By Purchasing GOLD on the ASX, investors can easily and affordably invest in gold bullion. Each GOLD is equivalent to approximately 1/10 of one ounce of gold bullion

Ausgabe: 33.000.000 Aktien
(versichert und in London gebunkert unter der Aufsicht von HSBC USA)



2.

Name: Perth Mint Gold Term Sheet (PMG)

Website: http://www.perthmint.com/gc/depository/perthmintgoldasx/gol…

Listing: ASX

Symbol: ZAUWBA


A quasi-warrant, for want of a better term, available on the ASX. Each warrant represents 1 per cent of an ounce of gold, which will be purchased by The Perth Mint division of the Gold Corporation, and stored in the mint`s depository facilities. Each PMG will be fully backed by 1/100th of a troy ounce of fine gold owned by The Perth Mint. So every 100 PMG entitles investors to one ounce of gold, on exercise in the form of gold coins or bars from the Perth Mint. PMG is guaranteed by the Western Australian Government and held in vaults in Perth, not London. The product allows investors to buy gold through their stockbrokers. Although structured as a call warrant, a PMG differs in that it is non-leveraged (investors pay total market value up front) and is long-dated until 2013.



Issuer: Gold Corporation, a statutory authority of the Government of Western Australia.
Issue Date: 6 May 2003
PDS Close Date: 6 May 2004
Expiry Date: 31 December 2013
Management Fee: 0.333% annually (paid by annual redemption of PMGs or by pro rata as calculated into the price of the PMG in the form of a Trading Fee)
Exercise Style: American (any time before Expiry Date)
Minimum Exercise Set: 100 PMGs
Settlement Method: Physical (deliverable) gold or cash





PERTH MINT - Wurde im Jahre 1899 gegründet und ist das älteste Münzamt in der Welt,
die noch von seinen ursprünglichen Voraussetzungen funktioniert.
Hier werden alle Besucher vom Gold in allen seinen Formen umgeben :
Goldbarren, Nuggets und Schmucksachen.

Aus dem Emissionsprospekt:

The Safest Precious Metal Storage Alternative for the International Investor

In an uncertain world, ensuring the safety of your financial assets is vital. The Perth Mint has a century`s experience assisting investors with their precious metal investment and storage strategies and looks forward to assisting you.


1) Perth Mint Gold Quoted Product

Trading on the Australian Stock Exchange (ASX) under the code ZAUWBA, Perth Mint Gold (PMG) offers investors the convenience of trading gold through their stockbroker. Each PMG will be fully backed by 1/100th of a troy ounce of fine gold owned by The Perth Mint.

• No need to open a direct account with The Perth Mint.
• Tracks the underlying price of gold.
• Exercisable at any time before the expiry date of 31 December 2013.
• Exercisable for physical (deliverable) gold or cash.

Perth Mint Depository also has two other Programs designed private client investors seeking security and confidentiality. Both Programs operate under a Government Guarantee issued by the State of Western Australia, one of Australia`s wealthiest states and offer Gold, Silver, Platinum and Palladium in Allocated and Unallocated forms.


2) Perth Mint Certificate Program

The Program enables you to purchase precious metals without the inconvenience and risk of personal storage. The Perth Mint issues a Certificate to you confirming your purchase, which is stored at the Mint on your behalf.

• Account opening minimum: USD 10,000 (AUD 10,000 for Australian residents)
• Minimum subsequent purchases or sales: USD5,000 (AUD 5,000 for Australian residents)
• Products include Perth Mint Coins and Bars
• Certificates are purchased through a reputable international Approved Dealer network.
• Certificates are transferable, non-negotiable, and have no fixed size.


3) Depository Services

The Perth Mint Depository also offers Private Client Accounts. Investors can purchase precious metals on internationally competitive terms, and take advantage of a unique range of supporting services, including options and geographical location swaps.

• Private Client Accounts
• Account opening minimum: USD 50,000 (AUD 50,000 for Australian residents)
• Attractive accumulation strategies
• Derivative options
• Attractive pricing
• Products include Perth Mint Coins and Bars


4) Physical Delivery

For investors who prefer to store precious metal themselves and take delivery of physical bars or coins, click here for further information and a list of distributors.


Gruß Konradi

[Wavetrader]

Die Immobilie aus #17 ist aber auch nicht zu verachten! Mit Meerblick und großem Garten?

[konradi]

.

finde ich auch ! - Und erst die "Möblierung" ...

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