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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: orkrious who wrote (26998)2/22/2005 8:48:38 PM
From: ild  Read Replies (1) of 110194
 
<<<they can't go out every second and buy (or sell) physical. they have to do it through the paper market>>>

As I understand whoever wants to create a basket is responsible for getting and depositing gold (I guess they just buy at Tulving and Tulving ships directly to GLD -g-)

From 10-Q

2.2 Gold receivable
Gold receivable represents the quantity of gold covered by contractually binding orders for the
creation of shares where the gold has not yet been transferred to the Trust’s account. Generally,
ownership of the gold is transferred within three days of trade date.
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