australian gold etf , page-3

Gold ETFs are gold-backed stock-market securities representing ownership in a trust designed to track the ups and downs in the metal's price. The principal advantage of gold ETFs is that they are bought, sold, and trade like stocks on an exchange. However, ETF investors do not actually own physical gold. Although they are 100-percent backed by physical gold held mainly in allocated form, these securities do not give investors actual ownership with rights to take delivery of physical gold.