<SEC-DOCUMENT>0001387131-19-008221.txt : 20191101
<SEC-HEADER>0001387131-19-008221.hdr.sgml : 20191101
<ACCEPTANCE-DATETIME>20191101160429
ACCESSION NUMBER:		0001387131-19-008221
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20191101
DATE AS OF CHANGE:		20191101

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Aberdeen Standard Gold ETF Trust
		CENTRAL INDEX KEY:			0001450923
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6221]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-217028
		FILM NUMBER:		191186848

	BUSINESS ADDRESS:	
		STREET 1:		C/O ABERDEEN STANDARD INVESTMENTS
		STREET 2:		712 FIFTH AVENUE, 49TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		212-446-2020

	MAIL ADDRESS:	
		STREET 1:		C/O ABERDEEN STANDARD INVESTMENTS
		STREET 2:		712 FIFTH AVENUE, 49TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ETFS Gold Trust
		DATE OF NAME CHANGE:	20081126
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<FILENAME>sgol-424b3_110119.htm
<DESCRIPTION>PROSPECTUS
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Filed
pursuant to Rule 424(b)(3)</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Registration
Statement No. 333-217028</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Aberdeen
Standard Gold ETF Trust</b></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(the
&ldquo;Trust&rdquo;)</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supplement
dated November 1, 2019 to the Prospectus dated March 30, 2017</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>This
Supplement dated November 1, 2019 amends and supplements the prospectus for the Trust dated March 30, 2017, as supplemented to
date (the &ldquo;Prospectus&rdquo;), and should be read in conjunction with, and must be delivered with, the Prospectus. </i></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Effective
November 4, 2019, (1) the Trust effected a ten-for-one forward share split of the Shares issued by the Trust (the &ldquo;Split&rdquo;),
and (2) the number of Shares in a block that constitutes a Basket for creations and redemptions in the Trust increased from 50,000
Shares to 100,000 Shares (the &ldquo;Basket Size Change&rdquo;). As a result of the Split, every pre-Split Share held of record
as of the close of the markets on October 31, 2019 was automatically exchanged for ten post-Split Shares. As a result of the Split
and the Basket Size Change, the number of ounces of gold required to create a Basket or to be delivered upon the redemption of
a Basket decreased from 5,000 ounces to 1,000 ounces. Therefore, effective November 4, 2019, (1) all references in the Prospectus
to the number of Shares in a Basket are amended with the deletion of references to 50,000 Shares and replaced with 100,000 Shares,
and (2) all references in the Prospectus to the number of ounces of gold required to create or redeem a Basket are amended with
the deletion of references to 5,000 ounces and replaced with 1,000 ounces.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the section entitled &ldquo;<b>BUSINESS OF THE TRUST</b>,&rdquo; under the heading &ldquo;<b>Hypothetical Expense Example</b>,&rdquo;
the table is deleted in its entirety and replaced with the following:</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom">
    <td>&nbsp;</td><td style="font-weight: bold; padding-bottom: 1pt">&nbsp;</td>
    <td colspan="11" style="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Year</td></tr>
<tr style="vertical-align: bottom">
    <td style="width: 43%; padding-bottom: 1pt; padding-left: 5.4pt; text-align: center">&nbsp;</td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</td>
    <td style="width: 1%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">&nbsp;</td><td style="width: 15%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">1</td><td style="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</td>
    <td style="width: 1%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">&nbsp;</td><td style="width: 15%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2</td><td style="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</td>
    <td style="width: 1%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">&nbsp;</td><td style="width: 15%; border-bottom: Black 1pt solid; font-weight: bold; text-align: center">3</td><td style="width: 1%; padding-bottom: 1pt; font-weight: bold; text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="padding-left: 5.4pt">Hypothetical gold price per ounce</td><td>&nbsp;</td>
    <td style="text-align: left">$</td><td style="text-align: right">1,200.00</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>
    <td style="text-align: left">$</td><td style="text-align: right">1,200.00</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>
    <td style="text-align: left">$</td><td style="text-align: right">1,200.00</td><td style="text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left; padding-left: 5.4pt">Sponsor&rsquo;s Fee</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td><td style="text-align: right">0.17</td><td style="text-align: left">%</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td><td style="text-align: right">0.17</td><td style="text-align: left">%</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td><td style="text-align: right">0.17</td><td style="text-align: left">%</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="padding-left: 5.4pt">Shares of Trust, beginning</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td><td style="text-align: right">1,000,000</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td><td style="text-align: right">1,000,000</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td><td style="text-align: right">1,000,000</td><td style="text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left; padding-left: 5.4pt">Ounces of gold in Trust, beginning</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td><td style="text-align: right">10,000.00</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td><td style="text-align: right">9,983.00</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td><td style="text-align: right">9,966.03</td><td style="text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="text-align: left; padding-left: 5.4pt">Beginning adjusted net asset value of the Trust</td><td>&nbsp;</td>
    <td style="text-align: left">$</td><td style="text-align: right">12,000,000</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>
    <td style="text-align: left">$</td><td style="text-align: right">11,979,600</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>
    <td style="text-align: left">$</td><td style="text-align: right">11,959,235</td><td style="text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left; padding-left: 5.4pt">Ounces of gold to be delivered to cover the Sponsor&rsquo;s Fee</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td><td style="text-align: right">17.00</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td><td style="text-align: right">16.97</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td><td style="text-align: right">16.94</td><td style="text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="text-align: left; padding-left: 5.4pt">Ounces of gold in Trust, ending</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td><td style="text-align: right">9,983.00</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td><td style="text-align: right">9,966.03</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td><td style="text-align: right">9,949.09</td><td style="text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left; padding-left: 5.4pt">Ending adjusted net asset value of the Trust</td><td>&nbsp;</td>
    <td style="text-align: left">$</td><td style="text-align: right">11,979,600</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>
    <td style="text-align: left">$</td><td style="text-align: right">11,959,235</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>
    <td style="text-align: left">$</td><td style="text-align: right">11,938,904</td><td style="text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
    <td style="padding-left: 5.4pt">Ending NAV per share</td><td>&nbsp;</td>
    <td style="text-align: left">$</td><td style="text-align: right">11.98</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>
    <td style="text-align: left">$</td><td style="text-align: right">11.96</td><td style="text-align: left">&nbsp;</td><td>&nbsp;</td>
    <td style="text-align: left">$</td><td style="text-align: right">11.94</td><td style="text-align: left">&nbsp;</td></tr>
</table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Prospectus remains unchanged in all other respects. Capitalized terms used but not defined herein shall have the meanings ascribed
to them in the Prospectus, as supplemented to date.</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">***</font></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Please
retain this Supplement with your Prospectus for your reference.</font></p>

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