SPDR Gold Trust (ETF) (NYSEMKT:GLD)

CAPS Rating: 2 out of 5

SPDR Gold Trust (the Trust), formerly StreetTRACKS Gold Trust, is an investment trust. The Trust holds gold, and from time to time, issues SPDR Gold Shares (Shares) in Baskets, in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. A Basket equals a block of 100,000 Shares.

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Player Avatar rayneman (< 20) Submitted: 2/26/2013 1:10:16 PM : Outperform Start Price: $155.50 GLD Score: -7.41

S&P 500 reaching a near time high and due for a correction. Central Banks around the world will continue to devalue their currencies and some Central Banks led by the Fed will continue to print money with their QE programs which could lead to more inflation and lost of confidence in fiat currencies. Thus, gold an inflation hedge and flight to safety investment for the long term.

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