GLD (SPDR Gold ETF) The Trust holds gold bars and is expected from time to time to issue Baskets in exchange for deposits of gold and to distribute gold in connection with redemptions of Baskets. The investment objective of the Trust is for the Shares to reflect the performance ofthe price of gold bullion, less the Trust's expenses. The Sponsor believes that, for many investors, the Shares represent a cost-effective investment in gold. The Shares represent units of fractional undivided beneficial interest in and ownership of the Trust and trade under the ticker symbol GLD on the NYSE Arca. The fund was launched in November 2004. The expense ratio is .40%. AUM (Assets under Management) equal $70 billion and average daily trading volume is 20M shares. GLD demonstrates better than any other how being first to market for a popular product will allow the issuer to achieve dominance in the space. As of late August 2011 the YTD return was 27%.IAU (iShares Gold Trust ETF) The assets of the trust consist primarily of physical gold held by a custodian (J.P. Morgan Chase) on behalf of the trust. The fund was launched in January 2005. The expense ratio is .25%. AUM equal $9 billion and average daily trading volume is less than 10M shares. As of late August 2011 the YTD return was 28%.SGOL (ETF Securities Swiss Gold Shares) The shares represent beneficial interest in the Trust , which in turn holds allocated physical gold bullion bars stored in secure vaults in Zurich Switzerland on behalf of the Custodian, J:P Morgan Chase Bank, N.A. Each physical bar is properly segregated, individually identified and allocated towards the property of the Trust. All physical gold conforms to the London Bullion Market Association's rules for Good Delivery. The fund was launched in September 2009. The expense ratio is .39%. AUM equal $1.7 billion and average daily trading volume is 222K shares. As of late August 2011 the YTD return was 27.80%.DGL (PowerShares Gold Fund) follows the DBIQ Optimum Yield Gold Index Excess Return which is a rules based index composed of futures contracts on gold and is intended to reflect the performance of gold. The fund was launched in January 2007. The expense ratio is .50%. AUM equal $370 million and average daily trading volume is 90K shares. As of the end of August 2011 the YTD return was 27%.