Free Writing Prospectus Filed Pursuant to Rule 433 Registration Nos. 333-184325 November 14, 2012 |
Gold Investment Strategies - iShares
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IAU See IAU Product Details
International Gold has historically maintained its value during times of economic or political
uncertainty. Investors have often retreated to gold when equity markets are struggling. Exchange Traded Liquidity
Gold Gold has exhibited positive performance during four of the five worst quarters of the
S&P 500 Indexs performance since 1973. In addition, gold exhibited positive 10-Day Average 8,450,328
Trading Volume
Overview performance during seven of the ten worst quarters in the S&P 500 Indexs performance as of 11/12/2012
Benefits since 1973*.
Investment Strategies Low Cost
Sponsors Fee 0.25%
Sector Strategies Exposure to Gold
The Trust holds
iShares in 401(k) Retirement fully allocated gold
Plans daily, and does not
allow issuance of
shares on
Why iShares unallocated
amounts.
Minimum Investment
Shares 1
See iShares IAU Product Details »
The Commodity Conundrum
Can Commodities Stay Strong
Without Inflation?
This material must be
*Sources: Bloomberg, BlackRock, as of 4/30/10. Gold: London PM Fix. Index and gold preceded or accompanied by a
spot returns are for illustrative purposes only and do not reflect any fees or prospectus for the iShares
transaction costs. One cannot invest directly in an index or benchmark. Past Gold Trust, iShares Silver
performance does not guarantee future results. Trust and the iShares S&P
GSCI Commodity-Indexed
Trust.
Investing in Gold (pdf)
Many factors have increased
interest in gold as both a
short- and long-term
investment.
Gold Investment Strategies - iShares
Related Resources
Insights into Investing in
Gold
Whitepaper: 12 pages
iShares Gold Trust FAQ
Brochure: 8 pages
iShares Gold Trust Fact
Sheet (IAU)
Fact Sheet: 2 pages
iShares Gold Trust
Prospectus (IAU)
Prospectus: 46 pages
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iShares Gold Trust (the Trust) has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you
invest, you should read the prospectus and other documents the Trust has filed with the SEC for more complete information about the issuer and this offering. You may
get these documents for free by visiting www.iShares.com or EDGAR on the SEC website at www.sec.gov. Alternatively, the Trust will arrange to send you the prospectus
if you request it by calling toll-free 1-800-474-2737.
Investing involves risk, including possible loss of principal. The Trust is not an investment company registered under the Investment Company Act of 1940 or a commodity pool for
purposes of the Commodity Exchange Act. Shares of the Trust are not subject to the same regulatory requirements as mutual funds. Because shares of the Trust are intended to reflect
the price of the gold held by the Trust, the market price of the shares is subject to fluctuations similar to those affecting gold prices. Additionally, shares of the Trust are bought and
sold at market price, not at net asset value (NAV). Brokerage commissions will reduce returns.
Shares of the Trust are intended to reflect, at any given time, the market price of gold owned by the Trust at that time less the Trusts expenses and liabilities. The price received upon the sale of the
shares, which trade at market price, may be more or less than the value of the gold represented by such shares. If an investor sells the shares at a time when no active market for them exists, such
lack of an active market will most likely adversely affect the price received for the shares. For a more complete discussion of the risk factors relative to the Trust, carefully read the
prospectus.
Following an investment in shares of the Trust, several factors may have the effect of causing a decline in the prices of gold and a corresponding decline in the price of the shares. Among them: (i)
Large sales by the official sector. A significant portion of the aggregate world gold holdings is owned by governments, central banks and related institutions. If one or more of these institutions
decides to sell in amounts large enough to cause a decline in world gold prices, the price of the shares will be adversely affected. (ii) A significant increase in gold hedging activity by gold producers.
Should there be an increase in the level of hedge activity of gold producing companies, it could cause a decline in world gold prices, adversely affecting the price of the shares. (iii) A significant
change in the attitude of speculators and investors towards gold. Should the speculative community take a negative view towards gold, it could cause a decline in world gold prices, negatively
impacting the price of the shares.
The amount of gold represented by shares of the Trust will decrease over the life of the Trust due to sales of gold necessary to pay the sponsors fee and trust expenses. Without increases in the
price of gold sufficient to compensate for that decrease, the price of the shares will also decline, and investors will lose money on their investment. The Trust will have limited duration. The liquidation
of the Trust may occur at a time when the disposition of the Trusts gold will result in losses to investors.
Although market makers will generally take advantage of differences between the NAV and the trading price of Trust shares through arbitrage opportunities, there is no guarantee that they will do so.
There is no guarantee an active trading market will develop for the shares, which may result in losses on your investment at the time of disposition of your shares. The value of the shares of the
Trust will be adversely affected if gold owned by the Trust is lost or damaged in circumstances in which the Trust is not in a position to recover the corresponding loss. The Trust is a passive
investment vehicle. This means that the value of your shares may be adversely affected by Trust losses that, if the Trust had been actively managed, might have been avoidable.
Shares of the iShares Gold Trust are not deposits or other obligations of or guaranteed by BlackRock, Inc., and its affiliates, and are not insured by the Federal Deposit Insurance
Corporation or any other governmental agency.
Gold Investment Strategies - iShares
The sponsor of the trust is iShares Delaware Trust Sponsor LLC (the Sponsor). BlackRock Investments, LLC (BRIL), assists in the promotion of the Trust. The Sponsor and BRIL are affiliates of BlackRock, Inc.
Although shares of the iShares Gold Trust may be bought or sold on the secondary market through any brokerage account, shares of the Trust are not redeemable from the Trust except in large aggregated units called Baskets. Only registered broker-dealers that become authorized participants by entering into a contract with the sponsor and the trustee of the Trust may purchase or redeem Baskets.
© 2000-2012 BlackRock. All rights reserved. iShares® and BlackRock® are registered trademarks of BlackRock. All other trademarks, servicemarks or registered trademarks are the property of their respective owners.
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