<SEC-DOCUMENT>0001193125-14-112554.txt : 20140324
<SEC-HEADER>0001193125-14-112554.hdr.sgml : 20140324
<ACCEPTANCE-DATETIME>20140324172623
ACCESSION NUMBER:		0001193125-14-112554
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20140324
DATE AS OF CHANGE:		20140324

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:		14713967

	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>d698698dfwp.htm
<DESCRIPTION>BUY GOLD, EMERGING MARKETS IN WAKE OF YELLEN SELLOFF
<TEXT>
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<TITLE>Buy Gold, Emerging Markets In Wake of Yellen Selloff</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Filed Pursuant To Rule 433 </B></P>
<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>March 24, 2014 </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Buy Gold, Emerging
Market</B><B>s</B><B> In Wake of Yellen Selloff</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Transcript of Interview with David Mazza of State Street Global </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Posted 03/20/2014 on TheStreet.com </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">GREGG GREENBERG: Dave Mazza,
gold is still up 10 percent year to date, but it sold off after Janet Yellen&#146;s testimony yesterday, so maybe $1,400 an ounce is not around the corner? </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">DAVID MAZZA: I think what&#146;s interesting about what we&#146;re seeing with the gold market is that institutional investors, financial advisors and the
retail public is actually coming back to GLD, and other gold-backed ETFs this year. So, in February, it was the first time since December 2012 we saw inflows into GLD, which means that I think investors are taking a longer term viewpoint of gold,
certainly keeping an eye on Chairwoman Yellen&#146;s comments, which are just going to increase now that she is at the helm of the Federal Reserve. But I think it&#146;s interesting to think about the role that gold and GLD can play in a portfolio,
not just tactically on any given day, but as this year progresses, because there are still a lot of geopolitical risks out there. We know what&#146;s going on in the Ukraine, uh, in Russia, but there&#146;s a&#151;over 40 elections globally this
year. So I think investors need to keep an eye on the geopolitical side. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">GREGG GREENBERG: Well, Janet Yellen also didn&#146;t help bonds, the 10 year
Treasury yield moved up to around 2.8 percent. So what do you do with your bond ETFs? </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">DAVID MAZZA: I think now is the time for investors to take a blank
slate to bond, uh, investing, because in today&#146;s market, there&#146;s a, a lot of interest rate risks out there, because Chairwoman Yellen and her predecessor, uh, Ben Bernanke are really interested in potentially causing all this volatility
because of their tapering comments. And this forward guidance is just going to make markets more volatile. So what I think investors should do, shorten up duration in their portfolios, take a focus on adding credit risk. And in particular, there are
some areas like short term high yield bonds, S, J, and K, or senior secured loans. In ETFs, we have SRLN, which is sub-advised by GSO Blackstone, and it&#146;s a great way for investors to take advantage of mitigating interest rate risks in
portfolios, but adding some yield. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">GREGG GREENBERG: And if we&#146;re seeing volatility over here because of rising interest rates, [it&#146;s] certainly
hitting the emerging markets. We saw a lot of money coming out of the emerging markets, uh, during Janet Yellen&#146;s testimony yesterday. Do you just bring it back here? </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">DAVID MAZZA: Yeah, well, you have this negative feedback loop, and when we, uh, see rates rise, investors have the tendency to bring all their money back to
their home country. And we certainly saw that last year with all the outflows from emerging market ETFs and mutual funds. But, I think now is the time for investors who have a longer term point of view to maybe begin to be adding back to emerging
market exposure, but not necessarily the old BRIC countries that we used to rely on, your Brazil, your Russia, your India, your China. Maybe look for some smaller cap names. Move down the spectrum to take advantage of that local consumer, that trend
towards the growing middle class, which is going to be inherently less volatile than all the larger companies, which is a little bit interesting to think about, because smaller caps tend to be more volatile. But they actually have different return
streams and they&#146;re not as focused and tied into the global economy. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">GREGG GREENBERG: All right. Thanks a lot, Dave. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">DAVID MAZZA: Thanks for having me. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">GREGG GREENBERG: Thank you
for watching The Street. </P>

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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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