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Terms and Conditions

This website and its associated sites (this “Website") is operated and published by World Gold Trust Services, LLC, and its subsidiaries or affiliates (together or alone, “WGTS”, “we” or “us”). Your use of this Website or any of its sections or pages is governed by these terms and conditions.

WGTS reserves the right, without notice, to change or modify any of the terms and conditions on this Website in any manner and at any time, and changes to these terms and conditions will take effect when posted on this Website. You are responsible for reading these terms and conditions each time that you access or use this Website.

By using this Website, you affirm you are not directly or indirectly considered a sanctioned person or affiliated with an entity identified on a UK, USA, EU or UN sanctions list, regulation, directive or law (“Sanctioned Person” or “Sanctioned Party”) and the data, information or documents made available will not be used and/or quoted in any prospectus or other documents made publicly available which relate to securities in which a Sanctioned Person or Sanctioned Party is involved including, for the avoidance of doubt, any marketing collateral or client information or documentation relating to gold lease/gold swap arrangements or securities.

World Gold Trust Services, LLC, the sponsor of SPDR® Gold Trust, and WGC USA Asset Management Company, LLC, the sponsor of SPDR® Gold MiniShares® Trust, are both Delaware limited liability companies with a principal address at 685 Third Avenue, Suite 2702, New York, NY  10017.

Certain representatives of the sponsors are registered with Foreside Fund Services, LLC which is not affiliated with World Gold Council or its affiliates.

Use of this Website

This Website and the information and materials on this Website are provided for general informational and educational purposes and do not constitute either an offer to sell or a solicitation of an offer to buy shares of SPDR® Gold Trust or SPDR® Gold MiniShares® Trust (together, the “Funds”) or any gold securities or other financial instruments or to provide any investment advice, recommendations, or services of any kind. Information on the Funds is not, and is not intended to be, a complete discussion of all material information you should know about the Funds.

You are permitted to save, display or print out information contained on this Website only for your personal, non-commercial use. Except as otherwise permitted by these terms and conditions, you are not permitted to modify, copy, distribute, transmit, display, reproduce, publish, license, frame, link, create derivative works from, transfer or otherwise use in any manner, in whole or in part, this Website or the information and materials on this Website without the prior written authorization of WGTS and with suitable accreditation to WGTS. To request such authorization, please contact us at sprdgoldshares@gold.org.
 

You must not and must not attempt to:

  • use this Website to carry out or assist any unlawful or criminal activity;
  • use this Website to receive, access or transmit material which is defamatory, obscene, offensive or sexually explicit or which contains or promotes discrimination based on race, sex, religion, nationality, disability, sexual orientation or age;
  • use this Website in any way that infringes any third party’s intellectual property rights or data protection or privacy rights and or breaches any contractual duty or duty of confidence;
  • use this Website to be threatening or harassing to any other person or to cause annoyance to, inconvenience or needless anxiety, upset, harm or embarrassment to any other person;
  • use our website to impersonate any person, or to misrepresent your identity or affiliation with any person;
    use the whole or part of this Website or its content for any commercial or money-making purpose without having our written consent to do so beforehand;
  • access parts of this Website that are not intended for public use;
  • access or monitor this Website or any of its content other than using the Website's navigational structure or for any purpose other than that expressly permitted in our terms of use;
  • do anything which places an unreasonably large load on this Website, or its supporting computer systems;
  • attempt to disrupt or interfere with this Website in any way or with another person's use of this Website, or use this Website as a means of disrupting or interfering with other websites;
  • probe, scan or test the vulnerability of this Website or any network connected to it;
  • willfully corrupt any data, documents or material available on this Website or insert or knowingly or recklessly transmit or distribute a virus into our network and computer systems so as to cause harm to the Website, us or other users or which is likely to bring this Website or us into disrepute;
  • access without authority, interfere with, damage or disrupt any equipment, network or software on which this Website is stored or which is used or owned by this Website or that of a third party; or
  • assist, encourage or permit any other person to do any of the acts described above.

All the above are forbidden regardless of the means used, including but not limited to, hacking or by the introduction of any worms, trojans, virus, unauthorized, malicious or harmful code or other harmful software (viruses). Some of the acts described above may be criminal acts.

You must not post or publish any copies or downloads of materials which come from this Website on any networked computer, or make any statements or undertake any actions which could result in liability for us.

Investment Advice & Important Risk Disclosure

This Website and the information and materials on this Website are not a recommendation of, or an offer to buy or sell, any investment or other product or service or investment or other advice regarding any such product or service. You should consult with your professional advisers regarding any such product or service, take into account your individual financial needs and circumstances and carefully consider the risks associated with any investment decision.

Investment involves risk. If you are considering whether to purchase shares of the Funds, you should not rely solely on the information contained on this Website and should carefully read the relevant prospectus and accompanying risk factors prior to making a purchase. WGTS makes no warranties regarding the accuracy or completeness of any price, tax, cost basis, or other information on this site, or any investment, tax or other benefits associated with the Funds. The information in this Website relates to the Funds which may not be available to or suitable for you. Information in this Website does not constitute investment advice and should not be construed to be a warranty or guarantee of a return on an investment. Independent advice should be sought in cases of doubt.

Proprietary rights

This Website and all information and materials on this Website are protected by international copyright and trademark laws and other intellectual property laws, and any unauthorized use of any information and materials on this Website may violate such laws. All information and materials on this Website are owned or controlled by WGTS or are used by WGTS with the permission of the third party owner or provider of such information or materials. These terms and conditions are not intended to, and do not, transfer or grant any rights in or to this Website or the information and materials on this Website other than those which are specifically described in these terms and conditions, and all rights not expressly granted in these terms and conditions are reserved by WGTS or by the third party owners or providers from whom WGTS has obtained information and materials on this Website. The name of other actual companies and third party products or services identified on this Website may be the trade names, trademarks or service marks of their respective owners.

All references to the LBMA Gold Price are used with the permission of ICE Benchmark Administration Limited (“IBA”) and is provided on this Website for informational purposes only. The LBMA Gold Price is administered and published by IBA. The LBMA Gold Price is a trademark of Precious Metals Prices Limited, and is licensed to IBA as administrator of the LBMA Gold Price. ICE and ICE Benchmark Administration are registered trademarks of IBA and/or its affiliates. The LBMA Gold Price is used by WGC with permission under license by IBA.

Published LBMA Gold Price information may not be indicative of future LBMA Gold Price information or performance.  None of IBA, Intercontinental Exchange, Inc. (“ICE”) or any third party that provides data used to administer or determine the LBMA Gold Price (data providers), or any of  its or their affiliates makes any claim, prediction, warranty or representation whatsoever as to the timeliness, accuracy or completeness of LBMA Gold Price information, the results to be obtained from any use of LBMA Gold Price information, or the appropriateness or suitability of using LBMA Gold Price information for any particular purpose to the fullest extent permitted by applicable law, all implied terms, conditions and warranties, including, without limitation, as to quality, merchantability, fitness for purpose, title or non-infringement, in relation to LBMA Gold Price information, are hereby excluded, and none of IBA, ICE or any data provider, or any of its or their affiliates will be liable in contract or tort (including negligence), for breach of statutory duty or nuisance, or under antitrust laws, for misrepresentation or otherwise, in respect of any inaccuracies, errors, omissions, delays, failures, cessations or changes (material or otherwise) in LBMA Gold Price information, or for any damage, expense or other loss (whether direct or indirect) you may suffer arising out of or in connection with LBMA Gold Price information or any reliance you may place upon it.

LBMA Gold Price information provided by WGTS may be used by you internally to review the analysis provided by WGTS, but may not be used for any other purpose. LBMA Gold Price information provided by WGTS may not be disclosed by you to anyone else.

Certain Data on this website is sourced from ICE Data Indices, LLC (“ICE Data”). ICE® is a registered trademark of ICE Data or its affiliates. ICE Data, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE Data, its affiliates nor their respective third party suppliers shall be subject to any damages or liability with respect to the adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an “as is” basis and your use is at your own risk. ICE Data, its affiliates and their respective third party suppliers do not sponsor, endorse, or recommend WGTS, or any of its products or services.

"SPDR®" is a trademark of Standard & Poor's Financial Services, LLC ("S&P") and has been licensed for use by WGTS. The "SPDR®" trademark is used under license from S&P and SPDR® Gold Trust and SPDR® Gold MiniShares® Trust is permitted to use the "SPDR®" trademark pursuant to a sublicense from the State Street. No financial product offered by SPDR® Gold Trust, SPDR® Gold MiniShares® Trust, or its affiliates, is sponsored, endorsed, sold or promoted by S&P. S&P makes no representation or warranty, express or implied, to the owners of any financial product or any member of the public regarding the advisability of investing in securities generally or in financial products particularly or the ability of the index on which financial products are based to track general stock market performance. S&P is not responsible for and has not participated in any determination or calculation made with respect to issuance or redemption of financial products. S&P has no obligation or liability in connection with the administration, marketing or trading of financial products. WITHOUT LIMITING ANY OF THE FOREGOING IN NO EVENT SHALL S&P HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

Changes and Access to this Website

You are responsible for making all arrangements necessary for access to this Website. WGTS may change the arrangements or access to the Website, at any time, for any reason without telling you beforehand without liability. WGTS grants you access to this Website on a temporary basis.  WGTS reserves the right, without notice, (i) to change, add, modify or remove any information and materials on this Website in any manner and at any time, and (ii) to suspend, limit, restrict and/or deny access to any aspect or part of this Website at any time for any reason, including, without limitation, for any scheduled or unscheduled maintenance, upgrades, improvements or corrections.

Neither WGTS nor any of its third party providers shall have any duty or responsibility (i) to maintain, update, correct or remove any information and materials on this Website for any reason or (ii) to advise or identify any information and materials on this Website which may be outdated, incomplete, inaccurate or erroneous.

Disclaimer of Warranties and Limitation of Liability

WGTS makes no express or implied condition, representation or warranty or other term concerning this Website or any information or material on this Website, including, without limitation, any condition, representation or warranty or other term as to noninfringement, satisfactory quality, fitness for a particular purpose or use, or as to the accuracy or completeness of any information or materials on or accessible through this Website. WGTS hereby expressly excludes all express or implied conditions, representations, warranties and other terms of any kind relating to the availability or operation of this Website and any information or materials on or accessible through this Website to the extent permitted by law.

Neither WGTS nor any director, officer or employee thereof shall be liable or have any responsibility for any loss, liability or damage, cost or expense that you may incur in connection with (i) your use of this Website and any information or materials on or accessible through this Website, (ii) any erroneous connection or communication between you and WGTS made through this Website, (iii) the transmission of any computer viruses or other harmful components that may cause damage to another's computer system or network although every reasonable effort has been made to ensure that the website is free from viruses, (iv) any aspect of the performance of this Website, including, without limitation, any failure, delay, interruption or disruption of this Website or your access to this Website, (v) the delivery of any information and materials or services available on or through this Website or the execution of any transactions made on or through this Website, (vi) any other cause relating to your access, or use of this Website and any of the information or materials on this Website, (vii) any unauthorized or fraudulent use of WGTS’ intellectual property, whether in connection with this Website, any other website or otherwise and (viii) any unauthorized access, theft, operator errors, strikes or other labor problems or any force majeure, regardless of whether any of the foregoing circumstances in this paragraph giving rise to such loss, liability or damage may have been within the control of WGTS or any third party servicing this Website. Without limiting any of the foregoing, in no event will WGTS or any director, officer or employee thereof be liable, whether in tort (including, without limitation, negligence), contract or otherwise, for any loss of profits, income, goodwill, or contracts, loss or corruption of data, business interruption, consequential, special, punitive, incidental, indirect or similar losses or damages arising from, related to or connected with your access or inability to access this Website, your use of this Website and/or your reliance on the information and materials on this Website, even if notified or advised of the possibility of such losses or damages.

Breach of these Terms and Conditions

If WGTS believes that you have breached these terms and conditions, WGTS may take such action as it consider appropriate in the circumstances, including, but not limited to all or any of the following actions:

  • close this Website;
  • temporarily or permanently prevent you from using this Website;
  • issue a warning to you;
  • take legal proceedings against you (and seek reimbursement of all costs any and all losses, damages, liabilities, expenses and costs incurred as a result of your breach of these terms and conditions on an indemnity (pound for pound) basis;
  • require that you return or destroy copies of materials you have made in breach of our terms and conditions; and/or
  • disclose such information to law enforcement authorities as WGTS considers necessary.

Security

Whilst every reasonable effort has been made to ensure that the content of this Website is secure, WGTS makes no condition, representation or warranty or other term, express or implied, concerning the security of this Website, including, without limitation, with respect to the ability of unauthorized persons to access, intercept or use information or materials transmitted by you to this Website or from this Website to you.

Accuracy of Information

Although the information and materials on this Website were obtained or compiled from sources WGTS believes to be reliable, WGTS does not make any express or implied condition, representation, warranty or other term as to the accuracy, validity, reliability, timeliness or completeness of any such information or materials in general or in connection with any particular use or purpose. WGTS does not represent or endorse the accuracy or reliability of any third party advice, opinion, statement, information or materials on (including links from) or accessible through this Website.

Local Legal Restrictions

The information and materials on this Website are not directed to and may not be used by any person or entity in any jurisdiction where the direction or use of such information and materials is prohibited or would be contrary to applicable laws, rules or regulations of any governmental authority or regulatory organization.

Third Party Links

This Website may contain links to websites owned, sponsored or maintained by third parties, including, without limitation, links to members, affiliates, subsidiaries, third party service providers or investment partners associated with WGTS. These links are provided only as a convenience to you. The inclusion of any link on this Website to a third party website is not and does not imply any affiliation, sponsorship, endorsement, approval, investigation, verification or authorization by WGTS of such third party website or the information or materials on such third party website.

WGTS makes no representations, warranties or guarantees with respect to, and is not responsible for, any third party website or the information and materials on such third party website or your use of or inability to use such third party website. Such websites, and third party services, are not under the control of WGTS. If you have any queries about such websites, you should contact the operator of the website. You should always check the terms of use and privacy policies of any third party website before you use them.

Privacy & Cookies

We think it is important that you know exactly what personal details we collect from you and how we look after and use them. Read more in our Privacy Notice and Cookies Policy. Read about our Cookies usage.

Governing law

This Website is governed by and shall be construed in accordance with United States of America law and any dispute as to its terms shall be submitted to the exclusive jurisdiction of the courts of United States of America. If you have any questions about this privacy statement or the practices of this Website you can contact us at spdrgoldshares@gold.org.

Caution Concerning Forward-Looking Statements

The information on this Website includes "forward-looking statements" which generally relate to future events or future performance. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or the negative of these terms or other comparable terminology. All statements (other than statements of historical fact) included on this Website that address activities, events or developments that will or may occur in the future, including such matters as changes in commodity prices and market conditions (for gold and shares of the Funds), the operations of the Funds, the Sponsor's plans and references to the future success of the Funds and other similar matters are forward-looking statements. These statements are only predictions. Actual events or results may differ materially. These statements are based upon certain assumptions and analyses WGTS made based on its perception of historical trends, current conditions and expected future developments, as well as other factors believed appropriate in the circumstances. Whether or not actual results and developments will conform to WGTS’ expectations and predictions, however, is subject to a number of risks and uncertainties. The inclusion of such information on this Website should not be regarded as a representation by WGTS that the forward-looking statements will be achieved. WGTS does not assume responsibility for the accuracy or completeness of the forward-looking statements and assumes no responsibility to update any of the forward-looking statements to conform such statements to actual results or to reflect a change in WGTS’ expectations or predictions.