Gold (GLD) – SPDR Gold Shares

On 10/16/2008 – Bought GLD at $80 per share.

SPDR Gold Shares (GLD)

SPDR Gold Trust (the Trust), formerly StreetTRACKS Gold Trust, is an investment trust. The Trust holds gold, and from time to time, issues the SPDR Gold Shares (Shares) (formerly streetTRACKS Gold Shares) in blocks of 100,000 Shares (Baskets) in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. The Shares represent units of fractional undivided beneficial interest in and ownership of the Trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion. The sponsor of the Trust is World Gold Trust Services, LLC. The Bank of New York is the trustee of the Trust. HSBC Bank USA, N.A. serves as the custodian of the Trust’s gold.

Silver (SLV) – iShares Silver Trust

On 10/10/2008 – Bought SLV at $10 per share.

Silver (SLV) ETF

Silver (SLV) ETF

iShares Silver Trust (SLV)

is a grantor trust. The purpose of the trust is to own silver transferred to the trust in exchange for shares issued by the trust. Each iShare represents a fractional undivided beneficial interest in the net assets of the trust. The assets of the trust consist primarily of silver held by the custodian on behalf of the trust. The sponsor of the trust is Barclays Global Investors International, Inc. The activities of the trust are limited to issuing Baskets of iShares in exchange for the silver deposited with the custodian as consideration; selling silver as necessary to cover the sponsor’s fee, trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for Baskets of iShares surrendered for redemption. The objective of the trust is for the value of the iShares to reflect, at any given time, the price of silver owned by the trust at that time less the trust’s expenses and liabilities.