Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
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(State or Other Jurisdiction of Incorporation or Organization) |
(I.R.S. Employer Identification No.) |
Title of each class |
Trading Symbol(s) Name |
Name of each exchange on which registered | ||
® Gold Trust |
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☒ |
Accelerated filer |
☐ | |||
Non-accelerated filer |
☐ |
Smaller reporting company |
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Page |
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1 |
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Item 1. |
1 |
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1 |
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2 |
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3 |
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4 |
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5 |
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6 |
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Item 2. |
12 |
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Item 3. |
15 |
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Item 4. |
15 |
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15 |
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Item 1. |
15 |
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Item 1A. |
15 |
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Item 2. |
15 |
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Item 3. |
16 |
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Item 4. |
16 |
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Item 5. |
16 |
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Item 6. |
16 |
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18 |
Item 1. |
Financial Statements (Unaudited) |
(Amounts in 000’s of US$ except for share data) |
Jun-30 , 2019 |
Sep-30, 2018 |
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(unaudited) |
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ASSETS |
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Investment in Gold, at fair value (cost $ |
$ | |
$ | |
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Total Assets |
$ | |
$ | |
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LIABILITIES |
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Accounts payable to Sponsor |
$ | |
$ | |
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Gold payable |
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Total Liabilities |
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Net Assets |
$ | |
$ | |
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Shares issued and outstanding (1) |
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Net asset value per Share |
$ | |
$ | |
(1) | Authorized share capital is unlimited and the par value of the Shares is $ |
Ounces of gold |
Cost |
Fair Value |
% of Net Assets |
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Investment in Gold |
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$ | $ | |
% | |||||||||||
Total Investment |
$ | $ | |
% | ||||||||||||
Liabilities in excess of other assets |
( |
) | ( |
)% | ||||||||||||
Net Assets |
$ | |
% | |||||||||||||
September 30, 2018 |
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Investment in Gold |
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$ | |
$ | |
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% | |||||||||
Total Investment |
$ | |
$ | |
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% | ||||||||||
Liabilities in excess of other assets |
( |
) | ( |
)% | ||||||||||||
Net Assets |
$ | |
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% | ||||||||||||
(Amounts in 000’s of US$, except per share data) |
Three Months Ended Jun-30, 2019 |
Three Months Ended Jun-30, 2018 |
Nine Months Ended Jun-30, 2019 |
Nine Months Ended Jun-30, 2018 |
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(unaudited) |
(unaudited) |
(unaudited) |
(unaudited) |
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EXPENSES |
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Sponsor fees |
$ | |
$ | |
$ | |
$ | |
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Total expenses |
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Net investment loss |
( |
) | ( |
) | ( |
) | ( |
) | ||||||||
Net realized and change in unrealized gain/(loss) on investment in gold |
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Net realized gain/(loss) from investment in gold sold to pay expenses |
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Net realized gain/(loss) from gold distributed for the redemption of shares |
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||||||||||||
Net change in unrealized appreciation/(depreciation) on investment in gold |
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( |
) | |
( |
) | ||||||||||
Net realized and change in unrealized gain/(loss) on investment in gold |
|
( |
) | |
( |
) | ||||||||||
Net income/(loss) |
$ | |
$ | ( |
) | $ | |
$ | ( |
) | ||||||
Net income/(loss) per share |
$ | |
$ | ( |
) | $ | |
$ | ( |
) | ||||||
Weighted average number of shares (in 000’s) |
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(Amounts in 000’s of US$) |
Three Months Ended Jun-30, 2019 |
Three Months Ended Jun-30, 2018 |
Nine Months Ended Jun-30, 2019 |
Nine Months Ended Jun-30, 2018 |
||||||||||||
(unaudited) |
(unaudited) |
(unaudited) |
(unaudited) |
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INCREASE/DECREASE IN CASH FROM OPERATIONS: |
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Proceeds received from sales of gold |
$ | |
$ | |
$ | |
$ | |
||||||||
Expenses paid |
( |
) | ( |
) | ( |
) | ( |
) | ||||||||
Increase/(Decrease) in cash resulting from operations |
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||||||||||||
Cash and cash equivalents at beginning of period |
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Cash and cash equivalents at end of period |
$ | |
$ | |
$ | |
$ | |
||||||||
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES: |
||||||||||||||||
Value of gold received for creation of shares—net of gold receivable |
$ |
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$ |
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$ |
|
$ |
|
||||||||
Value of gold distributed for redemption of shares—net of gold payable |
$ |
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$ |
|
$ |
|
$ |
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||||||||
(Amounts in 000’s of US$) |
Three Months Ended Jun-30, 2019 |
Three Months Ended Jun-30, 2018 |
Nine Months Ended Jun-30, 2019 |
Nine Months Ended Jun-30, 2018 |
||||||||||||
(unaudited) |
(unaudited) |
(unaudited) |
(unaudited) |
|||||||||||||
RECONCILIATION OF NET INCOME/(LOSS) TO NET CASH PROVIDED BY OPERATING ACTIVITIES |
||||||||||||||||
Net income/(loss) |
$ | |
$ | ( |
) | $ | |
$ | ( |
) | ||||||
Adjustments to reconcile net income/(loss) to net cash provided by operating activities |
||||||||||||||||
Proceeds from sales of gold to pay expenses |
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|
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||||||||||||
Net realized (gain)/loss from investment in gold sold to pay expenses |
( |
) | ( |
) | ( |
) | (4,041 |
) | ||||||||
Net realized (gain)/loss from gold distributed for the redemption of shares |
( |
) | ( |
) | ( |
) | ( |
) | ||||||||
Net change in unrealized (appreciation)/depreciation on investment in gold |
( |
) | |
( |
) | 1,154,045 |
||||||||||
Increase/(Decrease) in accounts payable to Sponsor |
|
( |
) | |
( |
) | ||||||||||
Net cash provided by operating activities |
$ | |
$ | |
$ | |
$ | |
||||||||
(Amounts in 000’s of US$) |
Three Months Ended Jun-30, 2019 |
Three Months Ended Jun-30, 2018 |
Nine Months Ended Jun-30, 2019 |
Nine Months Ended Jun-30, 2018 |
||||||||||||
(unaudited) |
(unaudited) |
(unaudited) |
(unaudited) |
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Net Assets - Opening Balance |
$ | |
$ | |
$ | |
$ | |
||||||||
Creations |
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Redemptions |
( |
) | ( |
) | ( |
) | ( |
) | ||||||||
Net investment loss |
( |
) | ( |
) | ( |
) | ( |
) | ||||||||
Net realized gain/(loss) from investment in gold sold to pay expenses |
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|
4,041 |
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Net realized gain/(loss) from gold distributed for the redemption of shares |
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|
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|
||||||||||||
Net change in unrealized appreciation/(depreciation) on investment in gold |
|
( |
) | |
(1,154,045 |
) | ||||||||||
Net Assets - Closing Balance |
$ | |
$ | |
$ | |
$ | |
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1. |
Organization |
2. |
Significant Accounting Policies |
2.1. |
Basis of Accounting |
2.2. |
Fair Value Measurement |
(Amounts in 000’s of US$) June 30, 2019 |
Level 1 |
Level 2 |
Level 3 |
|||||||||
Investment in Gold |
$ | |
$ | |
$ | |
||||||
Total |
$ | |
$ | |
$ | |
||||||
(Amounts in 000’s of US$) September 30, 2018 |
Level 1 |
Level 2 |
Level 3 |
|||||||||
Investment in Gold |
$ | |
$ | |
$ | |
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Total |
$ | |
$ | |
$ | |
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2.3. |
Custody of Gold |
2.4. |
Gold Receivable |
(Amounts in 000’s of US$) |
Jun-30 ,2019 |
Sep-30, 2018 |
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Gold receivable |
$ | $ |
2.5. |
Gold Payable |
(Amounts in 000’s of US$) |
Jun-30 ,2019 |
Sep-30, 2018 |
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Gold payable |
$ | $ |
2.6. |
Creations and Redemptions of Shares |
Nine Months Ended Jun-30 , |
Nine Months Ended Jun-30 , |
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(All amounts are in 000’s) |
2019 |
2018 |
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Activity in Number of Shares Created and Redeemed: |
||||||||
Creations |
||||||||
Redemptions |
( |
) | ( |
) | ||||
Net Change in Number of Shares Created and Redeemed |
( |
) | ||||||
Nine Months Ended Jun-30 , |
Nine Months Ended Jun-30 , |
|||||||
(Amounts in 000’s of US$) |
2019 |
2018 |
||||||
Activity in Value of Shares Created and Redeemed: |
||||||||
Creations |
$ | $ | ||||||
Redemptions |
( |
) | ( |
) | ||||
Net Change in Value of Shares Created and Redeemed |
$ | $ | ( |
) | ||||
2.7. |
Income and Expense (Amounts in 000’s of US$) |
2.8. |
Income Taxes |
2.9. |
New Accounting Pronouncements |
3. |
Related Parties – Sponsor and Trustee |
4. |
Concentration of Risk |
5. |
Indemnification |
6. |
Financial Highlights |
Three Months Ended |
Three Months Ended |
Nine Months Ended |
Nine Months Ended |
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Jun-30 ,2019 |
Jun-30 ,2018 |
Jun-30 ,2019 |
Jun-30 ,2018 |
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Net Asset Value |
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Net asset value per Share, beginning of period |
$ | |
$ | |
$ | |
$ | |
||||||||
Net investment income/(loss) |
( |
) | ( |
) | ( |
) | ( |
) | ||||||||
Net Realized and Change in Unrealized Gain/(Loss) |
|
( |
) | |
( |
) | ||||||||||
Net Income/(Loss) |
|
( |
) | |
( |
) | ||||||||||
Net asset value per Share, end of period |
$ | |
$ | |
$ | |
$ | |
||||||||
Market value per Share, beginning of period |
$ | |
$ | |
$ | |
$ | |
||||||||
Market value per Share, end of period |
$ | |
$ | |
$ | |
$ | |
||||||||
Ratio to average net assets |
||||||||||||||||
Net Investment loss (1) |
( |
)% | ( |
)% | ( |
)% | ( |
)% | ||||||||
Gross expenses (1) |
|
% | |
% | |
% | |
% | ||||||||
Net expenses (1) |
|
% | |
% | |
% | |
% | ||||||||
Total Return, at net asset value (2) |
|
% | ( |
)% | |
% | ( |
)% | ||||||||
Total Return, at market value (2) |
|
% | ( |
)% | |
% | ( |
)% |
(1) | Percentages are annualized. |
(2) | Percentages are not annualized. |
Item 2. |
Management’s Discussion and Analysis of Financial Condition and Results of Operations |
Period |
Average |
High |
Date |
Low |
Date |
End of period |
Last business day (1) |
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Three months to June 30, 2016 |
$ | 1,260.03 |
$ | 1,324.55 |
June 27, 2016 |
$ | 1,212.10 |
May 31, 2016 |
$ | 1,320.75 |
June 30, 2016 |
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Three months to September 30, 2016 |
$ | 1,323.40 |
$ | 1,366.25 |
July 6, 2016 |
$ | 1,308.35 |
Sep 16, 2016 |
$ | 1,322.50 |
Sep 30, 2016 |
|||||||||||||||||
Three months to December 31, 2016 |
$ | 1,218.75 |
$ | 1,313.30 |
Oct 3, 2016 |
$ | 1,125.70 |
Dec 20, 2016 |
$ | 1,159.10 |
Dec 30, 2016 |
(2) | ||||||||||||||||
Three months to March 31, 2017 |
$ | 1,219.47 |
$ | 1,257.55 |
Mar 27, 2017 |
$ | 1,151.00 |
Jan 3, 2017 |
$ | 1,244.85 |
Mar 31, 2017 |
|||||||||||||||||
Three months to June 30, 2017 |
$ | 1,256.59 |
$ | 1,293.50 |
June 6, 2017 |
$ | 1,220.40 |
May 9, 2017 |
$ | 1,242.25 |
June 30, 2017 |
|||||||||||||||||
Three months to September 30, 2017 |
$ | 1,277.91 |
$ | 1,346.25 |
Sep 08, 2017 |
$ | 1,211.05 |
July 11, 2017 |
$ | 1,283.10 |
Sep 29, 2017 |
|||||||||||||||||
Three months to December 31, 2017 |
$ | 1,275.42 |
$ | 1,303.30 |
Oct 16, 2017 |
$ | 1,240.90 |
Dec 12, 2017 |
$ | 1,296.50 |
Dec 29, 2017 |
(2) | ||||||||||||||||
Three months to March 31, 2018 |
$ | 1,329.29 |
$ | 1,354.95 |
Jan 25, 2018 |
$ | 1,307.75 |
Mar 1, 2018 |
$ | 1,323.85 |
Mar 29, 2018 |
|||||||||||||||||
Three months to June 30, 2018 |
$ | 1,305.99 |
$ | 1,351.45 |
Apr 18, 2018 |
$ | 1,250.45 |
June 29, 2018 |
$ | 1,250.45 |
June 29, 2018 |
|||||||||||||||||
Three months to September 30, 2018 |
$ | 1,213.19 |
$ | 1,262.05 |
July 9, 2018 |
$ | 1,178.40 |
Aug 17, 2018 |
$ | 1,187.25 |
Sep 28, 2018 |
|||||||||||||||||
Three months to December 31, 2018 |
$ | 1,226.28 |
$ | 1,279.00 |
Dec 28, 2018 |
$ | 1,185.55 |
Oct 9, 2018 |
$ | 1,281.65 |
Dec 31, 2018 |
(2) | ||||||||||||||||
Three months to March 31, 2019 |
$ | 1,303.79 |
$ | 1,343.75 |
Feb 20, 2019 |
$ | 1,279.55 |
Jan 21, 2019 |
$ | 1,295.40 |
Mar 29, 2019 |
|||||||||||||||||
Three months to June 30, 2019 |
$ | 1,309.39 |
$ | 1,431.40 |
June 25, 2019 |
$ | 1,269.50 |
April 23, 2019 |
$ | 1,409.00 |
June 28, 2019 |
|||||||||||||||||
Twelve months ended June 30, 2017 |
$ | 1,257.77 |
$ | 1,366.25 |
July 6, 2016 |
$ | 1,125.70 |
Dec 20, 2016 |
$ | 1,242.25 |
June 30, 2017 |
|||||||||||||||||
Twelve months ended June 30, 2018 |
$ | 1,297.21 |
$ | 1,354.95 |
Jan 25, 2018 |
$ | 1,211.05 |
July 11, 2017 |
$ | 1,250.45 |
June 29, 2018 |
|||||||||||||||||
Twelve months ended June 30, 2019 |
$ | 1,262.74 |
$ | 1,431.40 |
June 25, 2019 |
$ | 1,178.40 |
Aug 17, 2018 |
$ | 1,409.00 |
June 28, 2019 |
|||||||||||||||||
November 12, 2004 to June 30, 2019 |
$ | 1,119.34 |
$ | 1,895.00 |
Sep 5, 2011 |
$ | 411.10 |
Feb 8, 2005 |
$ | 1,409.00 |
June 28, 2019 |
(1) | The end of period gold price is the LBMA Gold Price PM on the last business day of the period. This is in accordance with the Trust Indenture and the basis used for calculating the Net Asset Value of the Trust. |
(2) | There was no LBMA Gold Price PM on the last business day of December 2018, 2017 or 2016. The LBMA Gold Price AM on the last business day of December 2018, 2017 and 2016 was $1,281.65, $1,296.50 and $1,159.10, respectively. The Net Asset Value of the Trust on December 31, 2018, 2017 and 2016 was calculated using the LBMA Gold Price AM, in accordance with the Trust Indenture. |
Item 3. |
Quantitative and Qualitative Disclosures About Market Risk |
Item 4. |
Controls and Procedures |
Item 1. |
Legal Proceedings |
Item 1A. |
Risk Factors |
Item 2. |
Unregistered Sales of Equity Securities and Use of Proceeds |
a) | None. |
b) | Not applicable. |
c) | As of the date of the formation of the Trust on November 12, 2004, the NAV of the Trust, which represents the value of the gold deposited in the Trust, was $13,081,500, and the NAV per Share was $43.60. Since formation and through June 30, 2019, 14,022 Baskets (1,402,200,000 Shares) have been created and 11,317 Baskets (1,131,700,000 Shares) have been redeemed. |
Period |
Total Number of Shares Redeemed |
Average Ounces of Gold Per Share |
||||||
04/01/19 to 04/30/19 |
13,500,000 |
.09442 |
||||||
05/01/19 to 05/31/19 |
7,100,000 |
.09439 |
||||||
06/01/19 to 06/30/19 |
3,800,000 |
.09435 |
||||||
Total |
24,400,000 |
.09431 |
||||||
Item 3. |
Defaults Upon Senior Securities |
Item 4. |
Mine Safety Disclosures. |
Item 5. |
Other Information |
Item 6. |
Exhibits |
Exhibit No. |
Description of Exhibit | |||
31.1 |
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31.2 |
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32.1 |
||||
32.2 |
||||
101.INS* |
XBRL Instance Document | |||
101.SCH* |
XBRL Taxonomy Extension Schema Document | |||
101.CAL* |
XBRL Taxonomy Extension Calculation Linkbase Document | |||
101.LAB* |
XBRL Taxonomy Extension Label Linkbase Document | |||
101.PRE* |
XBRL Taxonomy Extension Presentation Linkbase Document | |||
101.DEF* |
XBRL Taxonomy Extension Definition Linkbase Document |
* | Pursuant to Rule 406T of Regulation S-T, |
WORLD GOLD TRUST SERVICES, LLC |
Sponsor of the SPDR ® Gold Trust |
(Registrant) |
/s/ Joseph R. Cavatoni |
Joseph R. Cavatoni |
Principal Executive Officer |
/s/ Laura S. Melman |
Laura S. Melman |
Chief Financial Officer and Treasurer (Principal Financial Officer) |
* | The Registrant is a trust and the persons are signing in their capacities as officers of World Gold Trust Services, LLC, the Sponsor of the Registrant. |
Exhibit 31.1
CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER
PURSUANT TO RULE 13a-14(a) AND 15d-14(a)
UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
I, Joseph R. Cavatoni, certify that:
1. | I have reviewed this quarterly report on Form 10-Q of the SPDR® Gold Trust (Trust); |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |
4. | I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c. Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d. Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter (the registrants fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and
5. | I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the auditors of the Registrant and the audit committee of the Registrants board of directors (or persons performing the equivalent functions): |
a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize and report financial information; and
b. Any fraud, whether or not material, that involves persons who have a significant role in the registrants internal control over financial reporting.
Date: August 6, 2019
/s/ Joseph R. Cavatoni* |
Joseph R. Cavatoni** |
Principal Executive Officer |
* | The originally executed copy of this Certification will be maintained at the Sponsors offices and will be made available for inspection upon request. |
** | The Registrant is a trust and Mr. Cavatoni is signing in his capacity as Principal Executive Officer of World Gold Trust Services, LLC, the Sponsor of the Registrant. |
Exhibit 31.2
CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER
PURSUANT TO RULE 13a-14(a) AND 15d-14(a)
UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
I, Laura S. Melman, certify that:
1. | I have reviewed this quarterly report on Form 10-Q of the SPDR® Gold Trust (Trust); |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; |
4. | I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c. Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d. Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter (the registrants fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and
5. | I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the auditors of the Registrant and the audit committee of the Registrants board of directors (or persons performing the equivalent functions): |
a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize and report financial information; and
b. Any fraud, whether or not material, that involves persons who have a significant role in the registrants internal control over financial reporting.
Date: August 6, 2019
/s/ Laura S. Melman* |
Laura S. Melman** |
Chief Financial Officer and Treasurer (Principal Financial Officer) |
* | The originally executed copy of this Certification will be maintained at the Sponsors offices and will be made available for inspection upon request. |
** | The Registrant is a trust and Ms. Melman is signing in her capacity as Chief Financial Officer and Treasurer of World Gold Trust Services, LLC, the Sponsor of the Registrant. |
Exhibit 32.1
CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Quarterly Report of SPDR® Gold Trust (the Trust) on Form 10-Q for the period ending June 30, 2019 as filed with the Securities and Exchange Commission on the date hereof (the Report), I, Joseph R. Cavatoni, principal executive officer of World Gold Trust Services, LLC, the Sponsor of the Trust, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:
(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Trust.
/s/ Joseph R. Cavatoni* |
Joseph R. Cavatoni** |
Principal Executive Officer |
August 6, 2019 |
* | The originally executed copy of this Certification will be maintained at the Sponsors offices and will be made available for inspection upon request. |
** | The Registrant is a trust and Mr. Cavatoni is signing in his capacity as Principal Executive Officer of World Gold Trust Services, LLC, the sponsor of the Trust. |
Exhibit 32.2
CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Quarterly Report of SPDR® Gold Trust (the Trust) on Form 10-Q for the period ending June 30, 2019 as filed with the Securities and Exchange Commission on the date hereof (the Report), I, Laura S. Melman, chief financial officer and treasurer of World Gold Trust Services, LLC, the sponsor of the Trust, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:
(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Trust.
/s/ Laura S. Melman* |
Laura S. Melman** |
Chief Financial Officer and Treasurer (Principal Financial Officer) |
August 6, 2019 |
* | The originally executed copy of this Certification will be maintained at the Sponsors offices and will be made available for inspection upon request. |
** | The Registrant is a trust and Ms. Melman is signing in her capacity as Chief Financial Officer and Treasurer of World Gold Trust Services, LLC, the sponsor of the Trust. |
1
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