As at Sep 3, 2008 : There are currently 867 London Good Delivery gold bars, totalling 349,024.57 ounces (10.86 tonnes) being held by HSBC Bank USA, N.A. A total of 3,551,600 GOLD are on issue. Each GOLD is currently entitled to 98.24% of 0.10 ounce of gold bullion. This means that 348,925.49 ounces are held on trust of Holders of GOLD. The remainder of 99.09 ounces is held on behalf of the Company.

Gold Bar Photos

All gold held for holders of Gold Bullion Securities is held in the form of London Good Delivery bars. To find out more about London Good Delivery and London Good Delivery bars, please visit the London Bullion Market Association (LBMA) website or you may read the Prospectus.

The following photos are actual gold bars held on trust at HSBC for holders of Gold Bullion Securities. The photos were taken at the end of September, 2003.

Click to view larger version :

To view a list of all gold bars being held by the Custodian for Gold Bullion Securities Limited and its security holders, please click here