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GLD 10-K omits BoE gold holdings data, GLD CFO left 1 day before financial year-end

Summary:
As the latest SPDR Gold Trust (GLD) annual 10-K statement hits the tape, there are a number of troubling developments which should concern the SEC and GLD investors alike. These include: Why the GLD Sponsor CFO resigned on 29 September 2020, one day before financial year end of 30 September. Why the latest GLD 10-K withholds data on how much gold the GLD held at the Bank of England between April and August this year despite having this data coded into its XBRL financial statement submissions to the SEC. Why the longtime GLD auditor KPMG has raised a “Critical Audit Matter” in the latest GLD 10-K about evaluating evidence pertaining to the existence of GLD’s gold holdings. Continue reading… Post Views: 3

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As the latest SPDR Gold Trust (GLD) annual 10-K statement hits the tape, there are a number of troubling developments which should concern the SEC and GLD investors alike. These include:

Why the GLD Sponsor CFO resigned on 29 September 2020, one day before financial year end of 30 September.

Why the latest GLD 10-K withholds data on how much gold the GLD held at the Bank of England between April and August this year despite having this data coded into its XBRL financial statement submissions to the SEC.

Why the longtime GLD auditor KPMG has raised a “Critical Audit Matter” in the latest GLD 10-K about evaluating evidence pertaining to the existence of GLD’s gold holdings. Continue reading…

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