Central GoldTrust (GoldTrust) is a passive, self-governing, single purpose and closed-end trust. GoldTrust is a gold holding trust created to buy and hold substantially all of its assets in long-term holdings of gold bullion. The primary objective of GoldTrust is to provide a secure, convenient, low-cost, exchange-tradeable alternative for investors interested in holding an investment in gold bullion. GoldTrust�s physical gold is stored on an allocated and segregated basis in the underground treasury vaults of a bank in Canada. All gold bullion owned by GoldTrust must be stored in Canada in the treasury vault facilities of a tier 1 Canadian chartered bank on an allocated and segregated basis.