guys there is also pmgold

Guys just for your own info, there is another gold ETF traded on the asx as "PMGOLD" "PERTH MINT"

A lot of investors worry about who is behind the GOLD ETF and it is leased out?

Here is some intel

http://www.perthmint.com.au/investment_gold_asx.aspx


Advantages


*Government Guaranteed. PMG is issued by Gold Corporation (trading as The Perth Mint), a statutory authority of the Government of Western Australia. The liabilities of Gold Corporation, including its obligations under the PMG Terms and Conditions, are guaranteed under section 22 of the Gold Corporation Act 1987, an Act of the Western Australian Parliament. The Government of Western Australia's domestic debt is rated AAA by the US international credit rating agency, Standard and Poor's, its highest rating category.

*Fully Backed. The PMG will be fully covered by gold owned by The Perth Mint.

*Low Management Fee. Since 2004 PMG's management fee has been 0.15% pa, one of the lowest fees worldwide for a gold listed product.

*Physically Redeemable. Unlike many gold listed products, PMG can be redeemed for physical gold. Forms available include any of The Perth Mint's bullion coin and bar products. Note: investors seeking to immediately acquire physical gold are likely to find it more cost effective and quicker to purchase directly from The Perth Mint or one of its authorised Distributors.

*Guaranteed Market. The Perth Mint, via its Market Maker(s), will ensure reasonable bid and offer prices and volume are maintained on the ASX at all times, in accordance with ASX rules.