February 11, 2004

Gold ETF on the Way...Finally

This is good news. "SAN FRANCISCO--(BUSINESS WIRE)--Feb. 9, 2004--Barclays Global Investors, N.A. (BGI) has filed a Form S-1 Registration Statement for the iShares COMEX Gold Trust with the U.S. Securities and Exchange Commission. The Trust is intended to provide investors with a simple and cost-effective means of making an investment similar to an investment in gold. The objective of the Trust is for its shares to reflect, at any given time, the price of the gold owned by the Trust at that time less the Trust's expenses and liabilities. Once available to investors, shares of the Trust can be purchased and sold throughout the U.S. market trading day. The Net Asset Value (NAV) of the Trust's shares will be determined daily by the Trustee on the basis of the settlement price for spot-month gold futures contracts announced by COMEX. "


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