Filed Pursuant To Rule 433
Registration No. 333-131598
October 20, 2006
BROADCAST TRANSCRIPT
Video Monitoring Services of America, Inc.
Date October 20, 2006
Time 09:49 AM - 09:49 AM
Station www.thestreet.com TV
Location www.thestreet.com
Program thestreet.com TV
SIMON CONSTABLE, host:
Hi, you're watching TheStreet.com TV. I'm Simon Constable, and
today I'm at the World Gold Council offices here in Manhattan. I'm
joined by Pierre Lassonde; he is president of Newmont Mining, and
he's also chairman of the World Gold Council.
Welcome, Pierre.
Mr. PIERRE LASSONDE (Chairman, World Gold Council): Simon, thank
you very much.
CONSTABLE: I want to talk to you today about a speech you'll be
making tonight. You'll be talking to a committee for monitoring
research and education. And you're going to be talking to them
about gold. What are you going to be saying?
Mr. LASSONDE: The title of my speech is 'Gold as Money,' and we at
the World Gold Council have created an instrument, a gold ETF,
which trades here in New York, London and many other exchanges.
CONSTABLE: That's symbol GLD.
Mr. LASSONDE: That's correct--which we believe will become the
real standard for gold as money.
CONSTABLE: OK. And what are the plans for listing it? I
know that last week there was a new co-listing in
Singapore. Any other countries on the horizon?
Mr. LASSONDE: Absolutely. The goal of the World Gold Council is to
list this ETF on as many exchanges across the world, so that you
will be able, as an individual, to trade gold, buy, sell 24-hours
a day, seven days a week, 365 days a week (sic).
Because don't forget, when you look at Dubai, Tokyo, they're open
at times where we're not open. And this market will provide the
liquidity, the ease of transaction, and a very low cost, and it
will make gold real money.
CONSTABLE: OK, interesting. And where do you see gold prices going
over the next 10 years or so?
Mr. LASSONDE: I think what we're leading to today is very similar
to the 1970s. The script is the same. If you'll look at back then,
you had the Vietnam War; today we have Al Qaeda or Iraq's war. You
had the petroleum prices go from $2.80 to $50; same today from
1998 $11 to $70 or so. And gold in those days went from $35 to
over $800 an ounce--so over a 10-year period.
Well, the bull market started about five years ago, I think it's
got five to seven more years to run, at least. And the price
appreciation has only been about 130 percent vis-a-vis over 500
percent back then.
CONSTABLE: So, a long way to go then.
Mr. LASSONDE: I think you're going to see--
CONSTABLE: Multiple thousands.
Mr. LASSONDE: I think you're going to see gold with, you know,
three zeros in front of the first number.
CONSTABLE: Wow.
Mr. LASSONDE: I just don't know how big the first number is going
to be.
CONSTABLE: OK.
Mr. LASSONDE: OK?
CONSTABLE: Thank you very much, Pierre.
Mr. LASSONDE: You're more than welcome. Thank you, Simon.
CONSTABLE: You've been watching TheStreet.com TV. Stay
tuned for more.
streetTRACKS(R) GOLD 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 in that registration statement
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information about the Trust and this offering. You may get these documents for
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