asx gold etf and leasing gold

I have had a burning question about this for some time. I am not very keen in being invested in a gold ETF that at the same time is leasing out gold to short sellers. So I emailed ETF Securities here in Aus and here is the response I got (ETC stands for "Exchange Traded Commodity"):

"Morning Steve,

Many thanks for your email and interest in our ETCs.

To answer your question, we do not offer a leasing facility in connection to our Gold ETC (ASX: GOLD).

I'm happy to discuss further if you wish, my details below.

Best,


Nigel Phelan

Head of Sales - Australia & New Zealand


phone:(mobile): +61 417 060 030

email: [email protected]

website: www.etfsecurities.com


ETF Securities Limited is the leading pioneer in Exchange Traded Commodities (ETCs), with over 50 ETCs listed on major European exchanges which provide exposure to commodities such as gold, oil, corn, hogs and zinc.



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From: Steve [mailto:[email protected]]
Sent: 11 June 2009 00:06
To: Nigel Phelan
Subject: Question re: leasing gold


Hi,

I'm an investor in ASX:GOLD.

I wondered what your position in relation to leasing gold is? Do you lease any of the ETF gold bullion?

Thanks,

Steve "