<SEC-DOCUMENT>0001193125-14-022447.txt : 20140127
<SEC-HEADER>0001193125-14-022447.hdr.sgml : 20140127
<ACCEPTANCE-DATETIME>20140127172633
ACCESSION NUMBER:		0001193125-14-022447
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20140127
DATE AS OF CHANGE:		20140127

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPDR GOLD TRUST
		CENTRAL INDEX KEY:			0001222333
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6221]
		IRS NUMBER:				522369757
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-180974
		FILM NUMBER:		14549776

	BUSINESS ADDRESS:	
		STREET 1:		C/O WORLD GOLD TRUST SERVICES LLC
		STREET 2:		424 MADISON AVE 3RD FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2123173800

	MAIL ADDRESS:	
		STREET 1:		424 MADISON AVE 3RD FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	streetTRACKS GOLD TRUST
		DATE OF NAME CHANGE:	20041008

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EQUITY GOLD TRUST
		DATE OF NAME CHANGE:	20030310

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPDR GOLD TRUST
		CENTRAL INDEX KEY:			0001222333
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6221]
		IRS NUMBER:				522369757
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		C/O WORLD GOLD TRUST SERVICES LLC
		STREET 2:		424 MADISON AVE 3RD FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		2123173800

	MAIL ADDRESS:	
		STREET 1:		424 MADISON AVE 3RD FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	streetTRACKS GOLD TRUST
		DATE OF NAME CHANGE:	20041008

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EQUITY GOLD TRUST
		DATE OF NAME CHANGE:	20030310
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>d667283dfwp.htm
<DESCRIPTION>WHY GOLD IS GETTING ITS GROOVE BACK
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Registration No.&nbsp;333-180974 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>January&nbsp;27, 2014 </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Why Gold is
Getting its Groove Back </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Posted to TheStreet.com January&nbsp;24, 2014 </B></P>
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<TD VALIGN="top">GREGG GREENBERG: Gold had a rough 2013 but it&#146;s bouncing back in 2014. Here to talk about the yellow metal is Dave Mazza from State Street. Welcome Dave.</TD></TR>
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<TD VALIGN="top">DAVID MAZZA: Thanks for having me.</TD></TR>
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<TD VALIGN="top">GREGG GREENBERG: All right so before we get to the bounce back, especially today with the market so low, tell me what happened in 2013. Why was there such selling?</TD></TR>
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<TD VALIGN="top">DAVID MAZZA: Gold&#146;s performance last year was driven by a confluence of events. People comment about the economic slow-down in China, talk about rumors of Cyprus selling. There&#146;s also influence over the fact that the
Federal Reserve had rumors about tapering which eventually obviously just happened, and, really investors questioning whether or not they want that yellow metal as you put it, as part of their portfolio.</TD></TR>
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<TD VALIGN="top">GREGG GREENBERG: And they certainly want gold, especially today with the big sell-off. Gold&#146;s up around five percent year to date. Can it hold those gains? Can it build on those gains?</TD></TR>
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<TD VALIGN="top">DAVID MAZZA: I think you raise a really good point &#145;cause what we&#146;re seeing this year is gold bouncing back, and today, uh, being an exceptional day for the price of gold because what we&#146;re finding is that even though
the economy&#146;s definitely on firmer footing, uh, the Federal Reserve is going to be pulling back a little bit here in the U.S., gold really can&#151;has some benefits to a portfolio because while things are better as you put it, there&#146;s not
all clear on the horizon.</TD></TR>
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<TD VALIGN="bottom">GREGG GREENBERG: What kind of inflows have you seen into the GLD, which is State Street&#146;s product, uh, year to date? You&#146;ve seen a lot of money come in? Nervous people?</TD></TR>
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<TD VALIGN="bottom">DAVID MAZZA: Well we&#146;ve just only really begun to see more of two-way activity in GLD, but that&#146;s, uh, something interesting because looking ahead, while we had that influence of selling last year, the product continued
to trade, continued to provide investors the access they needed, and this year as we see some of that bounce-back in performance, really having a lot of activity with clients and figuring out exactly what they want to think about gold in their
portfolio.</TD></TR>
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<TD VALIGN="bottom">GREGG GREENBERG: And then finally the miners are actually out-performing gold, they fared worse than gold last year, so if you had to choose between the GLD, which is your baby, or the miners, what would you do?</TD></TR>
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<TD VALIGN="bottom">DAVID MAZZA: It&#146;s always a tough decision and one we&#151;we wrap our heads around a lot, but I&#146;m going with gold bullion, because it offers something unique. The miners are equities, right? So they&#146;re going to be
influenced by different, uh, events in the market place, uh, cash flows, earning, things of that nature, but when I want that stability in my portfolio, that diversification, that low correlation to stocks and bonds, I&#146;m going with
GLD.</TD></TR>
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<TD VALIGN="bottom">GREGG GREENBERG: You&#146;re a little bit biased but you like the pure play.</TD></TR>
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<TD VALIGN="bottom">DAVID MAZZA: That&#146;s exactly correct.</TD></TR>
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<TD VALIGN="bottom">GREGG GREENBERG: Thanks a lot Dave Mazza. And thank you, for watching The Street.</TD></TR>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">SPDR<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP> GOLD TRUST has filed a registration statement
(including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete
information about the Trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Trust or any Authorized Participant will arrange to send you the prospectus if you request
it by calling toll free at 1-866-320-4053 or contacting State Street Global Markets, LLC, One Lincoln Street, Attn: SPDR<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP> Gold Shares, 30th Floor, Boston, MA 02111. </P>
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