The latest SPDR Gold Trust (GLD) annual 10-K financial report and statement has recently been submitted to the US Securities and Exchange Commission (SEC) by GLD Sponsor, World Gold Trust Services (WGTS), the fully-owned subsidiary of the World Gold Council.

Alarm Bells

Covering the financial year to 30 September 2020, this GLD 10-K should be raising alarm bells at the SEC given that the Principal Financial and Accounting Officer (CFO) who signed off on it, Brandon Woods, had only been in the CFO position at the GLD Sponsor for one day prior to GLD’s financial year-end. Woods was appointed on 29 September 2020.

To put it another way, the GLD Trust Sponsor’s previous Principal Financial and Accounting Officer (CFO), Laura Melman, resigned from her CFO role at WGTS on 29 September 2020, one day prior to GLD’s 30 September financial year-end.

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