The investment objective of the Fund is to replicate the performance of the price of gold bullion, less the Funds expenses and fees. The Fund is not actively managed. The Declaration of Trust requires that at least 90% of Central GoldTrusts assets be held in physical gold bullion at all times. This cannot be changed without the approval of Unitholders. GoldTrusts physical gold holdings may not be loaned, pledged, subjected to options or otherwise encumbered in any way.
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