UNITEDSTATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.20549

FORM 10-Q

|        |                                                                                                                                        |
|--------|----------------------------------------------------------------------------------------------------------------------------------------|
|   | Quarterly reportpursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934for the quarterly period ended December 31, 2005 |

|        |                                                                                                                                  |
|--------|----------------------------------------------------------------------------------------------------------------------------------|
|   | Transition report pursuant to Section 13 or15(d) of the Securities Exchange Act of 1934 for the transition periodfrom ____to ___ |

Commission file number: 001-32356

streetTRACKS® GOLD TRUSTSPONSORED BY WORLD GOLDTRUST SERVICES, LLC

(Exact Name ofRegistrant as Specified in Its Charter)

|                                                              |  |                                     |  |  |  |  |
|--------------------------------------------------------------|--|-------------------------------------|--|--|--|--|
| **NewYork**                                                  |  | **81-6124035**                      |
| (State or OtherJurisdiction ofIncorporation or Organization) |  | (I.R.S.Employer Identification No.) |
|                                                              |

c/o World GoldTrust Services, LLC444 Madison Avenue, 3rd FloorNew York, NewYork 10022

(Address of PrincipalExecutive Offices)

(212) 317-3800

(Registrant's Telephone Number,Including Area Code)

N/A

(FormerName, Former Address and Former Fiscal Year, if Changed Since LastReport)

Indicate by check mark whether the registrant:(1) has filed all reports required to be filed by Section 13or 15(d) of the Securities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required tofile such reports), and (2) has been subject to such filingrequirements for the past 90 days.

Yes              No  

Indicate by check mark whether the registrant is a largeaccelerated filer, an accelerated filer, or a non-accelerated filer.See definition of "accelerated filer and large acceleratedfiler" in Rule 12b-2 of the Exchange Act. (Checkone):

Large acceleratedfiler             Acceleratedfiler            Non-accelerated filer    

As of January 31, 2006 the Registrant had 107,800,000 sharesoutstanding.

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streetTRACKS®GOLDTRUSTINDEX

|                               |  |                                                                                                                                                                                                                 |    |        |    |        |  |  |  |  |
|-------------------------------|--|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----|--------|----|--------|--|--|--|--|
|                          |  |                                                                                                                                                                                                            |    | Page   |
| PARTI - FINANCIAL INFORMATION |  |                                                                                                                                                                                                            | 1  |   |
| Item1.                        |  | FinancialStatements (unaudited)                                                                                                                                                                                 |    |   | 1  |   |
|                          |  | Statements of Condition at December 31, 2005 andSeptember 30, 2005                                                                                                                                              |    |   | 1  |   |
|                          |  | Statementsof Operations for the three months ended December 31, 2005    and for the period from November 12, 2004 (Date of Inception)through     December 31, 2004      |    |   | 2  |   |
|                          |  | Statements of Cash Flow for the three months endedDecember 31, 2005     and for the period from November 12, 2004(Date of Inception) through     December 31,2004       |    |   | 3  |   |
|                          |  | Statementsof Changes in Shareholders' Deficit for the three months ended    December  31,  2005 and for the period from November12, 2004 (Date ofInception) through September 30,2005  |    |   | 4  |   |
|                          |  | Notes to theUnaudited Financial Statements                                                                                                                                                                      |    |   | 5  |   |
| Item2.                        |  | Management's Discussion and Analysis of FinancialCondition and     Results ofOperations                                                                                                     |    |   | 11 |   |
| Item 3.                       |  | Quantitative and Qualitative Disclosures AboutMarket Risk                                                                                                                                             |    |   | 16 |   |
| Item4.                        |  | Controls and Procedures                                                                                                                                                                                         |    |   | 16 |   |
| PART II - OTHERINFORMATION    |  |                                                                                                                                                                                                            | 17 |   |
| Item 1.                       |  | LegalProceedings                                                                                                                                                                                                |    |   | 17 |   |
| Item 2.                       |  | UnregisteredSales of Equity Securities and Use of Proceeds                                                                                                                                                      |    |   | 17 |   |
| Item 3.                       |  | Defaults Upon SeniorSecurities                                                                                                                                                                                  |    |   | 17 |   |
| Item 4.                       |  | Submission ofMatters to a Vote of Security Holders                                                                                                                                                              |    |   | 17 |   |
| Item 5.                       |  | Other Information                                                                                                                                                                                               |    |   | 17 |   |
| Item 6.                       |  | Exhibits and Reports on Form8-K                                                                                                                                                                            |    |   | 17 |   |
| SIGNATURES                    |  |                                                                                                                                                                                                            | 18 |   |
|                               |

i

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streetTRACKS®GOLD TRUST

PART I - FINANCIALINFORMATION:

Item 1.    Financial Statements(Unaudited)

Unaudited Statements of Condition

at December 31, 2005 and September 30,2005

|                                                                                                                                                                             |  |             |           |             |  |        |           |         |  |  |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|-------------|-----------|-------------|--|--------|-----------|---------|--|--|
| (Amountsin 000's ofUS$)                                                                                                                                                     |  | Dec-31,2005 |           | Sep-30,2005 |
| **ASSETS**                                                                                                                                                                  |  |        |      |        |  |   |      |    |
| Investmentin Gold (market value $4,087,091 and $3,156,223 at December 31, 2005and September 30, 2005,respectively)                                                          |  | $           | 3,549,722 |        |  | $      | 2,910,613 |    |
| Goldreceivable                                                                                                                                                              |  |        | 255,363   |        |  |   | —   |    |
| **TotalAssets**                                                                                                                                                             |  | $           | 3,805,085 |        |  | $      | 2,910,613 |    |
| **LIABILITIES**                                                                                                                                                             |  |        |      |        |  |   |      |    |
| Accountspayable to relatedparties                                                                                                                                           |  | $           | 886       |        |  | $      | 539       |    |
| Accountspayable                                                                                                                                                             |  |        | 371       |        |  |   | 243       |    |
| Accruedexpenses                                                                                                                                                             |  |        | 119       |        |  |   | 334       |    |
| TotalLiabilities                                                                                                                                                            |  |        | 1,376     |        |  |   | 1,116     |    |
| CommitmentsandContingencies                                                                                                                                                 |  |        | —   |        |  |   | —   |    |
| **RedeemableShares:**                                                                                                                                                       |  |        |      |        |  |   |      |    |
| Shares at redemption value toinvestors(issued and outstanding at December 31, 2005 -85,000,000 and at September 30, 2005 - 66,900,000; unlimitedauthorized; $0.00 parvalue) |  |        | 4,341,078 |        |  |   | 3,155,107 |    |
| **Shareholders'Deficit**                                                                                                                                                    |  |        | (537,369  | )      |  |   | (245,610  | )  |
|                                                                                                                                                                        |  |        |      |        |  |   |      |    |
| **TotalLiabilities, Redeemable Shares & Shareholders'Deficit**                                                                                                          |  | $           | 3,805,085 |        |  | $      | 2,910,613 |    |
|                                                                                                                                                                             |

Seenotes to the financial statements

1

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streetTRACKS®GOLD TRUST

Unaudited Statements ofOperations

For the three months ended December 31, 2005and for the period from November 12, 2004 (Date of Inception) throughDecember 31,2004

|                                                              |  |                              |         |                           |  |        |         |         |  |  |
|--------------------------------------------------------------|--|------------------------------|---------|---------------------------|--|--------|---------|---------|--|--|
| (Amountsin 000's of US$, except for share and per sharedata) |  | Three MonthsEndedDec-31,2005 |         | Nov-12, 2004toDec-31,2004 |
| **REVENUES**                                                 |  |                         |    |                      |  |   |    |    |
| Proceedsfrom sales of gold                                   |  | $                            | 3,217   |                      |  | $      | 95      |    |
| Costof gold sold to payexpenses                              |  |                         | (2,970  | )                    |  |   | (94     | )  |
| Gainon gold sold to payexpenses                              |  |                         | 247     |                      |  |   | 1       |    |
| Gain on golddistributed for the redemption ofshares          |  |                         | — |                      |  |   | 2,709   |    |
| Diminution invalue of investment ingold                      |  |                         | — |                      |  |   | (20,297 | )  |
| TotalGain/(Loss) ongold                                      |  |                         | 247     |                      |  |   | (17,587 | )  |
| **EXPENSES**                                                 |  |                         |    |                      |  |   |    |    |
| Custodyfees                                                  |  |                         | 874     |                      |  |   | 144     |    |
| Trusteefees                                                  |  |                         | 174     |                      |  |   | 59      |    |
| Sponsorfees                                                  |  |                         | 1,131   |                      |  |   | 164     |    |
| Marketing agentfees                                          |  |                         | 1,131   |                      |  |   | 164     |    |
| Otherexpenses                                                |  |                         | 167     |                      |  |   | 78      |    |
| Totalexpenses                                                |  |                         | 3,477   |                      |  |   | 609     |    |
| NetLoss                                                      |  | $                            | (3,230  | )                    |  | $      | (18,196 | )  |
| Losspershare                                                 |  | $                            | (0.05   | )                    |  | $      | (0.62   | )  |
| Weightedaverage number ofshares                              |  |                         | 71,367  |                      |  |   | 29,132  |    |
|                                                              |

Seenotes to the financial statements

2

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streetTRACKS®GOLD TRUST

Unaudited Statements of CashFlow

For the three months ended December 31, 2005 and forthe period from November 12, 2004 (Date of Inception) through December31,2004

|                                                                      |  |                              |         |                           |  |        |           |         |  |  |
|----------------------------------------------------------------------|--|------------------------------|---------|---------------------------|--|--------|-----------|---------|--|--|
| (Amountsin 000's of US$)                                             |  | ThreeMonthsEndedDec-31, 2005 |         | Nov-12,2004toDec-31, 2004 |
| **INCREASE /DECREASE IN CASH FROM OPERATIONS:**                      |  |                         |    |                      |  |   |      |    |
| Cashproceeds received from sales ofgold                              |  | $                            | 3,217   |                      |  | $      | 95        |    |
| Cashexpensespaid                                                     |  |                         | (3,217  | )                    |  |   | (95       | )  |
| (Decrease)/ Increase in cash resulting fromoperations                |  |                         | — |                      |  |   | —   |    |
| Cashand cash equivalents at beginning ofperiod                       |  |                         | — |                      |  |   | —   |    |
| Cashand cash equivalents at end ofperiod                             |  | $                            | — |                      |  | $      | —   |    |
| **SUPPLEMENTALDISCLOSURE OF NON-CASH FINANCINGACTIVITIES:**          |  |                         |    |                      |  |   |      |    |
| Value of gold receivedfor creation of shares - net of goldreceivable |  | $                            | 642,079 |                      |  | $      | 1,557,555 |    |
| Valueof gold distributed for redemption of shares - at averagecost   |  | $                            | — |                      |  | $      | 258,246   |    |
|                                                                      |

Seenotes to the financial statements

3

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streetTRACKS®GOLD TRUST

Unaudited Statements of Changes inShareholders' Deficit

For the three months endedDecember 31, 2005 and for the period from November 12, 2004 (Date ofInception) through September 30,2005

|                                                   |  |                              |          |                           |  |        |          |         |  |  |
|---------------------------------------------------|--|------------------------------|----------|---------------------------|--|--------|----------|---------|--|--|
| (Amountsin 000's of US$)                          |  | ThreeMonthsEndedDec-31, 2005 |          | Nov-12,2004toSep-30, 2005 |
| Shareholders'Deficit - OpeningBalance             |  | $                            | (245,610 | )                    |  | $      | —  |    |
| Net Lossfor theperiod                             |  |                         | (3,230   | )                    |  |   | (5,965   | )  |
| Adjustment ofRedeemable Shares to redemptionvalue |  |                         | (288,529 | )                    |  |   | (239,645 | )  |
| Shareholders'Deficit - Closingbalance             |  | $                            | (537,369 | )                    |  | $      | (245,610 | )  |
|                                                   |

Seenotes to the financialstatements

4

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streetTRACKS®GOLD TRUST    

Notes to the UnauditedFinancialStatements

1.    Organization

The streetTRACKS® Gold Trust (the"Trust") is an investment trust formed onNovember 12, 2004 (Date of Inception), under New York law pursuant to atrust indenture. The fiscal year end for the Trust is September 30th.The Trust holds gold and is expected from time to time to issue shares("Shares") (in minimum denominations of100,000, also referred to as "Baskets") inexchange for deposits of gold and to distribute gold in connection withredemption of Baskets. The investment objective of the Trust is for theShares to reflect the performance of the price of gold bullion, lessthe Trust's expenses.

The statement of condition atDecember 31, 2005 and the statement of changes in shareholders'deficit for the three months ended December 31, 2005 and the statementsof operations and cash flow for the three months ended December 31,2005 and for the period from November 12, 2004 (Date of Inception)through December 31, 2004 have been prepared on behalf of the Trustwithout audit. In the opinion of management of the sponsor of theTrust, World Gold Trust Services, LLC (the"Sponsor"), all adjustments (which includenormal recurring adjustments) necessary to present fairly the financialposition, results of operations and cash flow at December 31, 2005 andfor all periods presented have been made.

Certain informationand footnote disclosures normally included in financial statementsprepared in accordance with accounting principles generally accepted inthe United States of America have been condensed or omitted. It issuggested that these condensed financial statements be read inconjunction with the financial statements and notes thereto included inthe Trust's Annual Report on Form 10-K for the fiscal year endedSeptember 30, 2005. The results of operations for the three monthsended December 31, 2005 are not necessarily indicative of the operatingresults for the fullyear.

2.    Significantaccounting policies

The preparation of financial statements inaccordance with accounting principles generally accepted in the UnitedStates requires those responsible for preparing financial statements tomake estimates and assumptions that affect the reported amounts anddisclosures. Actual results could differ from those estimates. Thefollowing is a summary of significant accounting policies followed bythe Trust.

2.1.    Valuation of Gold

Gold acquired,or disposed of, by the Trust is recorded at average cost. Gold isvalued at the lower of cost or market.

The table belowsummarizes the impact of unrealized gains or losses on theTrust's gold holdings for the three months ended December 31,2005 and for the period November 12, 2004 (Date of Inception) throughSeptember 30,2005:

|                                     |  |             |           |             |  |        |           |        |  |  |
|-------------------------------------|--|-------------|-----------|-------------|--|--------|-----------|--------|--|--|
| (Amountsin 000's ofUS$)             |  | Dec-31,2005 |           | Sep-30,2005 |
| Investmentin gold - averagecost     |  | $           | 3,805,085 |        |  | $      | 2,910,613 |   |
| Unrealizedgain on investment ingold |  |        | 537,369   |        |  |   | 245,610   |   |
| Goldreceivable                      |  |        | (255,363  | )      |  |   | —   |   |
| Investmentin gold - marketvalue     |  | $           | 4,087,091 |        |  | $      | 3,156,223 |   |
|                                     |

TheTrust recognizes the diminution in value of the investment in goldwhich arises from market declines on an interim basis. Increases in thevalue of the same investment in gold in later interim periods of thesame fiscal year through market price recoveries are recognized in thelater interim period. Increases in value recognized on an interim basisdo not exceed the previously recognized diminution in value.

5

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streetTRACKS®GOLD TRUST    

Notes to the UnauditedFinancialStatements

2.    Significantaccounting policies   (continued)

2.2    Gold receivable

Goldreceivable represents the quantity of gold covered by contractuallybinding orders for the creation of shares where the gold has not yetbeen transferred to the Trust's account. Generally, ownership ofthe gold is transferred within three days of tradedate.

2.3    Creations and Redemptions of Shares

TheTrust will create and redeem Shares from time to time, but only in oneor more Baskets (a Basket equals a block of 100,000 Shares). Thecreation and redemption of Baskets will only be made in exchange forthe delivery to the Trust or the distribution by the Trust of theamount of gold and any cash represented by the Baskets being created orredeemed, the amount of which will be based on the combined net assetvalue of the number of Shares included in the Baskets being created orredeemed determined on the day the order to create or redeem Baskets isproperly received.

As the Shares of the Trust are redeemable atthe option of the Authorized Participants only in Baskets, the Trusthas classified the Shares as Redeemable Shares on the Statement ofFinancial Condition. The Trust records the redemption value, whichrepresents its maximum obligation, as Redeemable Shares with thedifference from cost as an offsetting amount to Shareholders'Equity. Changes in the shares for the three months ended December 31,2005 and for the period from November 12, 2004 (Date of Inception)through September 30, 2005, are as follows:

|                                 |  |             |         |             |  |        |        |         |  |  |
|---------------------------------|--|-------------|---------|-------------|--|--------|--------|---------|--|--|
| (Allamounts are in 000's)       |  | Dec-31,2005 |         | Sep-30,2005 |
| **Numberof Redeemable Shares:** |  |        |    |        |  |   |   |    |
| OpeningBalance                  |  |        | 66,900  |        |  |   | 300    |    |
| Creations                       |  |        | 18,100  |        |  |   | 74,700 |    |
| Redemptions                     |  |        | — |        |  |   | (8,100 | )  |
| ClosingBalance                  |  |        | 85,000  |        |  |   | 66,900 |    |
|                                 |

|                                                                                                                                                                                                         |  |             |           |              |  |        |           |         |  |  |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--|-------------|-----------|--------------|--|--------|-----------|---------|--|--|
| (Amountsin 000's of US$)                                                                                                                                                                                |  | Dec-31,2005 |           | Sep-30, 2005 |
| **Redeemableshares:**                                                                                                                                                                                   |  |        |      |         |  |   |      |    |
| OpeningBalance                                                                                                                                                                                          |  | $           | 3,155,107 |         |  | $      | 13,081    |    |
| Creations (Number of sharescreated during the three month period ended December 31, 2005 -18,100,000, and the period from November  12, 2004 (Date ofInception) through September 30, 2005 -74,700,000) |  |        | 897,442   |         |  |   | 3,262,774 |    |
| Redemptions(Number of shares redeemed during the periods ended December31, 2005 - nil, and the period from November 12, 2004 (Date ofInception) through September 30, 2005 -8,100,000)                  |  |        | —   |         |  |   | (360,393  | )  |
| Adjustment toredemption value                                                                                                                                                                           |  |        | 288,529   |         |  |   | 239,645   |    |
| ClosingBalance                                                                                                                                                                                          |  | $           | 4,341,078 |         |  | $      | 3,155,107 |    |
|                                                                                                                                                                                                         |

2.4    RevenueRecognition Policy

The Trustee will at the direction of theSponsor or in its own discretion sell the Trust's gold asnecessary to pay the Trust's expenses. When selling gold to payexpenses, the Trustee will endeavor to sell the smallest amounts ofgold needed to pay expenses in order to minimize the Trust'sholdings of assets other than gold. Unless otherwise directed by theSponsor, when selling gold the Trustee will endeavor to sell at theprice established by the London PM Fix. The Trustee will place orderswith dealers (which may include the Custodian) through which theTrustee expects to receive the most 

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streetTRACKS®GOLD TRUST    

Notes to the UnauditedFinancialStatements

2.    Significantaccounting policies   (continued)

favorable price and execution of orders. TheCustodian may be the purchaser of such gold only if the saletransaction is made at the next London gold price fix (either AM or PM)following the sale order.

2.5    Income Taxes

TheTrust is classified as a "grantor trust" forUS federal income tax purposes. As a result, the Trust itself will notbe subject to US federal income tax. Instead, the Trust's incomeand expenses will "flow through" to theShareholders, and the Trustee will report the Trust's proceeds,income, deductions, gains, and losses to the Internal Revenue Serviceon that basis.

3    Investment inGold

The following represents the changes in ounces of gold andthe respective values for the three months ended December 31, 2005 andfor the period from November 12, 2004 (Date of Inception) throughSeptember 30,2005:

|                                                                                                          |  |              |           |             |  |        |           |         |  |  |
|----------------------------------------------------------------------------------------------------------|--|--------------|-----------|-------------|--|--------|-----------|---------|--|--|
| (Ouncesof gold are in 000's and value of gold is in 000's ofUS$)                                         |  | Dec-31, 2005 |           | Sep-30,2005 |
| **Ounces ofGold:**                                                                                       |  |         |      |        |  |   |      |    |
| OpeningBalance                                                                                           |  |         | 6,669.3   |        |  |   | 30.0      |    |
| Creations(excluding gold receivable at December 31, 2005 - 497.7 ounces, andat September 30, 2005 - nil) |  |         | 1,304.6   |        |  |   | 7,464.2   |    |
| Redemptions                                                                                              |  |         | —   |        |  |   | (809.4    | )  |
| Sales ofgold                                                                                             |  |         | (6.8      | )      |  |   | (15.5     | )  |
| ClosingBalance                                                                                           |  |         | 7,967.1   |        |  |   | 6,669.3   |    |
| **Investment in Gold (lowerof cost or market):**                                                         |  |         |      |        |  |   |      |    |
| OpeningBalance                                                                                           |  | $            | 2,910,613 |        |  | $      | 13,081    |    |
| Creations (excluding gold receivable at December 31, 2005 -$255,363, and at September 30, 2005 - nil)    |  |         | 642,079   |        |  |   | 3,262,774 |    |
| Redemptions                                                                                              |  |         | —   |        |  |   | (356,714  | )  |
| Sales of gold                                                                                            |  |         | (2,970    | )      |  |   | (6,737    | )  |
| Diminution in value of investment ingold                                                                 |  |         | —   |        |  |   | (1,791    | )  |
| ClosingBalance                                                                                           |  | $            | 3,549,722 |        |  | $      | 2,910,613 |    |
|                                                                                                          |

4    RelatedParties - Sponsor, Trustee, Custodian and Marketing Agent Fees

Fees are paid to the Sponsor as compensation for services performedunder the Trust Indenture and for services performed in connection withmaintaining the Trust's website and marketing the Shares. TheSponsor's fee is payable monthly in arrears and is accrued dailyat an annual rate equal to 0.15% of the adjusted net asset value("ANAV") of the Trust, subject to reductionas described below. The Sponsor will receive reimbursement from theTrust for all of its disbursements and expenses incurred in connectionwith the Trust.

Fees are paid to the Trustee as compensation forservices performed under the Trust Indenture. The Trustee's feeis payable monthly in arrears and is accrued daily at an annual rateequal to 0.02% of the ANAV of the Trust, subject to a minimumfee of $500,000 and a maximum fee of $2 million per year. TheTrustee's fee is subject to modification as determined by theTrustee and the Sponsor in good faith to account for significantchanges in the Trust's administration or the Trustee'sduties. The Trustee will charge the Trust for its expenses anddisbursements incurred in connection with the Trust (including theexpenses of the Custodian paid by the Trustee), exclusive of fees ofagents for services to be performed by the Trustee, and for anyextraordinary services performed by the Trustee for the Trust.

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streetTRACKS®GOLD TRUST    

Notes to the UnauditedFinancialStatements

4    RelatedParties - Sponsor, Trustee, Custodian and Marketing Agent Fees   (continued)

Affiliates of the Trustee may from time totime act as Authorized Participants or purchase or sell gold or Sharesfor their own account, as agent for their customers and for accountsover which they exercise investment discretion.

Fees are paid tothe Custodian under the Allocated Bullion Account Agreement ascompensation for its custody services. Under the Allocated BullionAccount Agreement, the Custodian is currently entitled to a fee that isaccrued daily at an annual rate equal to 0.10% of the averagedaily aggregate value of the gold held in the Trust Allocated Accountand the Trust Unallocated Account, payable monthly in arrears.Commencing April 1, 2006, the Custodian's fee will be computed atan annual rate equal to .10% of the average daily aggregatevalue of the first 4.5 million ounces of gold held in the TrustAllocated Account and the Trust Unallocated Account and .06% ofthe average daily aggregate value of all gold held in the TrustAllocated Account and the Trust Unallocated Account in excess of 4.5million ounces. The Custodian does not receive a fee under theUnallocated Bullion Account Agreement.

The Custodian and itsaffiliates may from time to time act as Authorized Participants orpurchase or sell gold or Shares for their own account, as agent fortheir customers and for accounts over which they exercise investmentdiscretion.

Fees are paid to the marketing agent for the Trust,State Street Global Markets, LLC (the "MarketingAgent") by the Trustee from the assets of the Trust ascompensation for services performed pursuant to the agreement betweenthe Sponsor and the Marketing Agent (the "Marketing AgentAgreement"). The Marketing Agent's fee is payablemonthly in arrears and is accrued daily at an annual rate equal to0.15% of the ANAV of the Trust, subject to reduction asdescribed below.

The Marketing Agent and its affiliates may fromtime to time act as Authorized Participants or purchase or sell gold orShares for their own account, as agent for their customers and foraccounts over which they exercise investment discretion.

Forseven years from the date of the Trust Indenture or until the earliertermination of the Marketing Agent Agreement, if at the end of anymonth during this period the estimated ordinary expenses of the Trustexceed an amount equal to 0.40% per year of the daily ANAV ofthe Trust for such month, the fees payable to the Sponsor and theMarketing Agent from the assets of the Trust for such month will bereduced by the amount of such excess in equal shares up to the amountof their fees. Investors should be aware that if the gross value of theTrust's assets is less than approximately $388 million, theordinary expenses of the Trust will be accrued at a rate greater than0.40% per year of the daily ANAV of the Trust, even after theSponsor and the Marketing Agent have completely reduced their combinedfees of 0.30% per year of the daily ANAV of the Trust. Thisamount is based on the estimated ordinary expenses of the Trustdescribed in "Business of the Trust—TrustExpenses" and may be higher if the Trust's actualordinary expenses exceed those estimates. Additionally, if the Trustincurs unforeseen expenses that cause the total ordinary expenses ofthe Trust to exceed 0.70% per year of the daily ANAV of theTrust, the ordinary expenses will accrue at a rate greater than0.40% per year of the daily ANAV of the Trust, even after theSponsor and the Marketing Agent have completely reduced their combinedfees of 0.30% per year of the daily ANAV of the Trust.

Upon the end of the seven year period or the earlier termination ofthe Marketing Agent Agreement, the fee reduction will expire and theestimated ordinary expenses of the Trust which are payable from theassets of the Trust each month may be more than they would have beenduring the period when the fee reduction is in effect, thus reducingthe NAV of the Trust more rapidly than if the fee reduction was ineffect and adversely affecting the value of the Shares.

8

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streetTRACKS®GOLD TRUST    

Notes to the UnauditedFinancialStatements

4    RelatedParties - Sponsor, Trustee, Custodian and Marketing Agent Fees   (continued)

For the three months ended December 31,2005 the fees payable to the Sponsor and the Marketing Agent from theassets of the Trust were reduced by $173,210 respectively. For theperiod from November 12, 2004 (Date of Inception) through December 31,2004 the comparable reduction in fees was $64,275.

AmountsPayable to Related parties and other accounts payable

|                                   |  |             |      |             |  |        |      |         |  |  |
|-----------------------------------|--|-------------|------|-------------|--|--------|------|---------|--|--|
| (Amountsin 000's of US$)          |  | Dec-31,2005 |      | Sep-30,2005 |
| Payable to Custodian              |  | $           | (330 | )      |  | $      | (243 | )  |
| Payable toTrustee                 |  |        | (66  | )      |  |   | (48  | )  |
| Payable toSponsor                 |  |        | (245 | )      |  |   | (124 | )  |
| Payable toMarketingAgent          |  |        | (245 | )      |  |   | (124 | )  |
| AccountsPayable to relatedparties |  | $           | (886 | )      |  | $      | (539 | )  |
|                                   |

5    Concentrationof Risk

In accordance with Statement of Position No. 94-6,Disclosure of Certain Significant Risks and Uncertainties, theTrust's sole business activity is the investment in gold.Several factors could affect the price of gold: (i.) global gold supplyand demand, which is influenced by such factors as forward selling bygold producers, purchases made by gold producers to unwind gold hedgepositions, central bank purchases and sales, and production and costlevels in major gold-producing countries such as South Africa, theUnited States and Australia; (ii.) investors' expectations withrespect to the rate of inflation; (iii.) currency exchange rates; (iv.)interest rates; (v.) investment and trading activities of hedge fundsand commodity funds; and (vi.) global or regional political, economicor financial events and situations.   In addition, there is noassurance that gold will maintain its long-term value in terms ofpurchasing power in the future.   In the event that the price ofgold declines, the Sponsor expects the value of an investment in theShares to decline proportionately.   Each of these events couldhave a material affect on the Trust's financial position andresults of operations.

6    LegalProceedings

The Sponsor, the World Gold Council, the Trust andBNY, as Trustee of the Trust, have been named as defendants in a civillawsuit filed by plaintiffs Gemini Diversified Holdings LLC and DanAscani in the Supreme Court of the State of New York, County of NewYork, on November 6, 2003 (Index No. 119243/03). The complaint allegesbreach of contract and misappropriation of trade secrets under theTrade Secrets Act of the State of Georgia, and seeks compensatorydamages in excess of $450,000, preliminary and permanent injunctiverelief, costs and attorneys fees and other relief. The lawsuit is inits discovery phase. The Sponsor believes that it has good defensesand, therefore, believes that the outcome of the litigation will nothave a material adverse effect on the financial statements of theTrust. The Sponsor and the World Gold Council have agreed to indemnifythe Marketing Agent and UBS Securities LLC, as Purchaser in the initialpublic offering of 2,300,000 Shares, against liabilities arising out ofthecomplaint.

7    Indemnification

TheSponsor and its shareholders, members, directors, officers, employees,affiliates and subsidiaries are indemnified from the Trust and heldharmless against certain losses, liabilities or expenses incurred inthe performance of its duties under the Trust Indenture without grossnegligence, bad faith, willful misconduct, willful malfeasance orreckless disregard of the indemnified party's obligations andduties 

9

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streetTRACKS®GOLD TRUST    

Notes to the UnauditedFinancialStatements

7    Indemnification   (continued)

under the Trust Indenture. Such indemnityincludes payment from the Trust of the costs and expenses incurred indefending against any claim or liability under the Trust Indenture.Under the Trust Indenture, the Sponsor may be able to seekindemnification from the Trust for payments it makes in connection withthe Sponsor's activities under the Trust Indenture to the extentits conduct does not disqualify it from receiving such indemnificationunder the terms of the Trust Indenture. The Sponsor will also beindemnified from the Trust and held harmless against any loss,liability or expense arising under the Distribution Agreement with thePurchaser, the Marketing Agent Agreement or any agreement entered intowith an Authorized Participant which provides the procedures for thecreation and redemption of Baskets and for the delivery of gold and anycash required for creations and redemptions insofar as such loss,liability or expense arises from any untrue statement or alleged untruestatement of a material fact contained in any written statementprovided to the Sponsor by the Trustee. Any amounts payable to theSponsor are secured by a lien on the Trust.

The Sponsor hasagreed to indemnify certain parties against certain liabilities and tocontribute to payments that such parties may be required to make inrespect of those liabilities. The Trustee has agreed to reimburse suchparties, solely from and to the extent of the Trust's assets, forindemnification and contribution amounts due from the Sponsor inrespect of such liabilities to the extent the Sponsor has not paid suchamounts when due. The Sponsor has agreed that, to the extent theTrustee pays any amount in respect of the reimbursement obligationsdescribed in the preceding sentence, the Trustee, for the benefit ofthe Trust, will be subrogated to and will succeed to the rights of theparty so reimbursed against theSponsor.

10

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Item2.    Management's Discussion and Analysis of FinancialCondition and Results of Operations

Thisinformation should be read in conjunction with the financial statementsand notes included in Item 1 of Part I of this QuarterlyReport. The discussion and analysis which follows may contain trendanalysis and other forward-looking statements within the meaning ofSection 21E of the Securities Exchange Act of 1934 which reflect ourcurrent views with respect to future events and financial results.Words such as "anticipate,""expect," "intend,""plan," "believe,""seek," "outlook"and "estimate" as well as similar words andphrases signify forward-looking statements.streetTRACKS® Gold Trust's forward-lookingstatements are not guarantees of future results and conditions andimportant factors, risks and uncertainties may cause our actual resultsto differ materially from those expressed in our forward-lookingstatements.

Trust Overview

streetTRACKS®Gold Trust is an investment trust that was formed on November 12, 2004(Date of Inception). The Trust issues baskets of shares, or Baskets, inexchange for deposits of gold and distributes gold in connection withthe redemption of Baskets. The investment objective of the Trust is forthe shares to reflect the performance of the price of gold bullion,less the expenses of the Trust's operations. The shares aredesigned to provide investors with a cost effective and convenient wayto invest in gold.

Investing in the Shares does not insulate theinvestor from certain risks, including price volatility. The followingchart illustrates the movement in the price of the Shares against thecorresponding gold price (per 1/10 of an oz. of gold):

Valuation ofGold, Definition of Net Asset Value ("NAV")and Adjusted Net Asset Value ("ANAV")

As of the London PM Fix on each day that the NYSE is open forregular trading or, if there is no London PM Fix on such day or theLondon PM Fix has not been announced by 12:00 PM New York time on suchday, as of 12:00 PM New York time on such day (the"Evaluation Time"), the Bank of New York, theTrustee, evaluates the gold held by the Trust and determines both theANAV and the NAV of the Trust.

11

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At the Evaluation Time, the Trustee valuesthe Trust's gold on the basis of that day's London PM Fixor, if no London PM Fix is made on such day or has not been announcedby the Evaluation Time, the next most recent London gold price fix (AMor PM) determined prior to the Evaluation Time will be used, unless theTrustee, in consultation with the Sponsor, determines that such priceis inappropriate as a basis for evaluation. In the event the Trusteeand the Sponsor determine that the London PM Fix or last prior London"fix" is not an appropriate basis forevaluation of the Trust's gold, they will identify an alternativebasis for such evaluation to be employed by the Trustee.

Oncethe value of the gold has been determined, the Trustee subtracts allestimated accrued but unpaid fees (other than the fees to be computedby reference to the value of the ANAV of the Trust or custody feescomputed by reference to the value of gold held in the Trust), expensesand other liabilities of the Trust from the total value of the gold andall other assets of the Trust (other than any amounts credited to theTrust's reserve account, if established). The resulting figure isthe ANAV of the Trust. The ANAV of the Trust is used to compute thefees of the Trustee, the Sponsor and the Marketing Agent.

Todetermine the Trust's NAV, the Trustee subtracts from the ANAV ofthe Trust the amount of estimated accrued but unpaid fees computed byreference to the value of the ANAV of the Trust and computed byreference to the value of the gold held in the Trust (i.e., the fees ofthe Trustee, the Sponsor, the Marketing Agent and the Custodian). TheTrustee determines the NAV per Share by dividing the NAV of the Trustby the number of shares outstanding as of the close of trading on theNYSE.

Gold acquired, or disposed of, by the Trust is recorded ataverage cost. The table below summarizes the impact of unrealized gainsor losses on the Trust's gold holdings at December 31, 2005 andSeptember 30,2005:

|                                     |  |             |           |             |  |        |           |        |  |  |
|-------------------------------------|--|-------------|-----------|-------------|--|--------|-----------|--------|--|--|
| (Amountsin 000's ofUS$)             |  | Dec-31,2005 |           | Sep-30,2005 |
| Investmentin gold - averagecost     |  | $           | 3,805,085 |        |  | $      | 2,910,613 |   |
| Unrealizedgain on investment ingold |  |        | 537,369   |        |  |   | 245,610   |   |
| Goldreceivable                      |  |        | (255,363  | )      |  |   | —   |   |
| Investmentin gold - marketvalue     |  | $           | 4,087,091 |        |  | $      | 3,156,223 |   |
|                                     |

CriticalAccounting Policy

Valuation of Gold

Goldacquired, or disposed of, by the Trust is recorded at average cost.Gold is valued at the lower of cost or market.

Review ofFinancial Results

Financial Highlights

|                                                                                              |  |                              |        |                           |  |   |         |         |  |  |
|----------------------------------------------------------------------------------------------|--|------------------------------|--------|---------------------------|--|---|---------|---------|--|--|
| (Allamounts in the following table and two paragraphs, except pershare, are in 000's of US$) |  | ThreeMonthsEndedDec-31, 2005 |        | Nov-12, 2004toDec-31,2004 |
| Total Gain/(Loss) ongold                                                                     |  | $                            | 247    |                      |  | $ | (17,587 | )  |
| NetLoss                                                                                      |  | $                            | (3,230 | )                    |  | $ | (18,196 | )  |
| Loss pershare                                                                                |  | $                            | (0.05  | )                    |  | $ | (0.62   | )  |
| Net cashflows from operatingactivities                                                       |  | $                            | 0      |                      |  | $ | 0       |    |
|                                                                                              |

The Trust'stotal gain on gold for the three months ending December 31, 2005 ismade up of gain of $247 on the sale of gold to pay expenses.

TheTrust's total loss on gold from November 12, 2004 (Date ofInception) to December 31, 2004 is made up of gain of $2,709 on golddistributed on the redemption of shares plus gain of $1 on the sale ofgold to pay expenses offset by diminution in value of investment ingold of $20,297.

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Selected Supplemental Data -For the period November 12, 2004 (Date of Inception) through September30, 2005 and for the three months ended December 31, 2005

|                                                                                                         |  |             |           |             |  |        |           |          |  |  |
|---------------------------------------------------------------------------------------------------------|--|-------------|-----------|-------------|--|--------|-----------|----------|--|--|
| (Allamounts, except per ounce and per share, are in000's)                                               |  | Dec-31,2005 |           | Sep-30,2005 |
| **Ouncesof Gold:**                                                                                      |  |        |      |        |  |   |      |     |
| OpeningBalance                                                                                          |  |        | 6,669.3   |        |  |   | 30.0      |     |
| Creations(excluding gold receivable at December 31, 2005 - 497.7 ounces, andat September 30, 2005 -nil) |  |        | 1,304.6   |        |  |   | 7,464.2   |     |
| Redemptions                                                                                             |  |        | —   |        |  |   | (809.4    | )   |
| Salesofgold                                                                                             |  |        | (6.8      | )      |  |   | (15.5     | )   |
| ClosingBalance                                                                                          |  |        | 7,967.1   |        |  |   | 6,669.3   |     |
| Goldprice per ounce - London PMfix(1)                                                                   |  | $           | 513.00    |        |  | $      | 473.25    |     |
| Marketvalue of gold holdings including goldreceivable                                                   |  | $           | 4,342,454 |        |  | $      | 3,156,223 |     |
| **Numberof Shares:**                                                                                    |  |        |      |        |  |   |      |     |
| OpeningBalance                                                                                          |  |        | 66,900    |        |  |   | 300       |     |
| Creations                                                                                               |  |        | 18,100    |        |  |   | 74,700    |     |
| Redemptions                                                                                             |  |        | —   |        |  |   | (8,100    | )   |
| ClosingBalance                                                                                          |  |        | 85,000    |        |  |   | 66,900    |     |
| **NetAsset Value pershare:**                                                                            |  |        |      |        |  |   |      |     |
| Creations                                                                                               |  | $           | 49.58     |        |  | $      | 43.68     |     |
| Redemptions                                                                                             |  |        | —   |        |  |   | (44.49    | )   |
| NetLoss for theperiod                                                                                   |  |        | (0.05     | )      |  |   | (0.11     | )   |
| AtPeriodEnd                                                                                             |  | $           | 51.07     |        |  | $      | 47.16     |     |
| NetAsset Value at PeriodEnd                                                                             |  | $           | 4,341,078 |        |  | $      | 3,155,107 |     |
| Changein Net Asset Value through periodend                                                              |  |        | 37.6      | %      |  |   | 24,018.8  | %   |
| %Difference between Net Asset Value per share and market value ofounces represented by eachshare        |  |        | (0.032    | )%     |  |   | (0.035    | )%  |
|                                                                                                         |

|     |                                                                                                                                                                                                                                                  |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Therewas no London PM fix on December 31, 2005 and December 30, 2005. TheNet Asset Value of the Trust on December 31, 2005 was calculated usingthe London AM fix on December 30, 2005, which was $513.00, inaccordance with the Trust Indenture. |

Results ofOperations

On November 12, 2004, the date of formation of theTrust, the Custodian received 30,000 ounces of gold on behalf of theTrust in exchange for 300,000 shares (3 Baskets). Trading in the sharesin the Trust commenced on November 18, 2004 and on that date the Trustoffered 2,300,000 shares (23 Baskets) through UBS Securities LLC, asunderwriter, in exchange for 230,000 ounces of gold. Through September30, 2005 an additional 72,400,000 shares (724 Baskets) were created inexchange for 7,234,246 ounces of gold and 8,100,000 shares (81 Baskets)were redeemed in exchange for 809,421 ounces of gold and 15,574 ouncesof gold were sold to pay expenses.

In the three months endedDecember 31, 2005, 18,100,000 shares (181 Baskets) were created inexchange for 1,802,357 ounces of gold and 6,785 ounces of gold weresold to pay expenses.

As at December 31, 2005 the amount of goldowned by the Trust including gold receivable was 8,464,822 ounces witha market value of $4,342,453,572 (cost − $3,805,085,670), basedon the London AM Fix on December 30, 2005 (in accordance with the TrustIndenture. See note (1) above.).

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Cash flow from operations

The Trust had no cash flow from operations in the three monthsending December 31, 2005 or for the period November 12, 2004 (Date ofInception) to December 31, 2004. Cash received in respect of gold soldto pay expenses in the three months ending December 31, 2005 and theperiod November 12, 2004 (Date of Inception) to December 31, 2004 wasthe same as those expenses, resulting in zero cash balances at December31, 2005 and at December 31, 2004 .

Cash Resources andLiquidity

At December 31, 2005 the Trust did not have anycash balances. When selling gold to pay expenses, the Trustee endeavorsto sell the exact amount of gold needed to pay expenses in order tominimize the Trust's holdings of assets other than gold. As aconsequence, we expect that the Trust will not record any cash flowfrom its operations and that its cash balance will be zero at the endof each reporting period.

Analysis of Movements in the Priceof Gold

As movements in the price of gold are expected todirectly affect the price of the Trust's shares, investors shouldunderstand what the recent movements in the price of gold have been.Investors, however, should also be aware that past movements in thegold price are not indicators of future movements. This sectionidentifies recent trends in the movements of the gold price anddiscusses some of the important events that have influenced thesemovements.

The following chart provides historical background onthe price of gold. The chart illustrates movements in the price of goldin US dollars per ounce over the period from January 1, 2001 toDecember 31, 2005, and is based on the London PM Fix.

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The average, high, low and end-of-periodgold prices for the period from the inception of the Trust onNovember  12, 2004, through December 31, 2005, based on theLondon PM Fix,were:

|                                          |  |         |  |         |  |             |  |         |  |             |  |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------|--|---------|--|---------|--|-------------|--|---------|--|-------------|--|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Period                                   |  | Average |  | High    |  | Date        |  | Low     |  | Date        |  | Endofperiod |
| November 12, 2004 to December 31,2004(1) |  | $443.59 |  | $454.20 |  | Dec2, 2004  |  | $434.00 |  | Dec 10,2004 |  | $438.00     |
| Three months to March 31,2005            |  | $427.35 |  | $443.70 |  | Mar 11,2005 |  | $411.10 |  | Feb 8,2005  |  | $427.50     |
| Three months to June 30,2005             |  | $427.39 |  | $440.55 |  | Jun 24,2005 |  | $414.45 |  | May 31,2005 |  | $437.10     |
| Three months to September 30,2005        |  | $439.72 |  | $473.25 |  | Sep 30,2005 |  | $418.35 |  | Jul 15,2005 |  | $473.25     |
| Threemonths to December 31,2005(2)       |  | $484.20 |  | $536.50 |  | Dec 12,2005 |  | $456.50 |  | Nov 7,2005  |  | $513.00     |
| November 12, 2004 to December31, 2005(2) |  | $444.35 |  | $536.50 |  | Dec 12,2005 |  | $411.10 |  | Feb 8,2005  |  | $513.00     |
|                                          |

|  |
|--|
|  |  |
|  |

|     |                                                                                                                                                                                                                                |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Therewas no London PM Fix on December 31, 2004. The London AM Fix on thatdate was $438.00. The Net Asset Value of the Trust on December 31, 2004was calculated using the London AM Fix, in accordance with the TrustIndenture. |

|     |                                                                                                                                                                                                                                                  |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | There was no London PM Fix onDecember 31, 2005 and December 30, 2005. The Net Asset Value of theTrust on December 31, 2005 was calculated using the London AM Fix onDecember 30, 2005, which was $513.00, in accordance with the TrustIndenture. |

The upward price trend that has been in placesince early 2001 continued during the period between the inception ofthe Trust on November 12, 2004 and December 31, 2005. During thislatter period, the gold price based on the London PM Fix traded betweena low of $411.10 per ounce (February 8, 2005) and a high of $536.50(December 12, 2005), and the average was $444.35. The price rose by 9per cent during the calendar year, in the process reaching its highestlevels since 1981. Investment demand, concentrated in the periodbetween September and December, was the driving force behind the sharprally in the price during the fourth quarter of 2005. Investment demandcontinued to be supported by widespread expectations of renewed andlong term dollar weakness. Another factor behind the surge ininvestment was growing concern about inflation.

CautionaryStatement Regarding Forward-Looking Information and Risk Factors

This report contains forward-looking statements within the meaningof the Private Securities Litigation Reform Act of 1995. Thesestatements are predictions and actual events or results may differmaterially from those expressed in our forward-looking statements.Risks and uncertainties may cause our actual results to differmaterially from those expressed in our forward-looking statements.These uncertainties and other factors include, but are not limited to,the following:

The value of the shares relates directly to thevalue of the gold held by the Trust and fluctuations in the price ofgold could materially adversely affect an investment in theshares.

The Shares are designed to mirror as closely aspossible the price of gold bullion, and the value of the Shares relatesdirectly to the value of the gold held by the Trust, less theTrust's liabilities (including estimated accrued but unpaidexpenses). The price of gold has fluctuated widely over the pastseveral years. Several factors may affect the price of gold,including:

|              |                                                                                                                                                                                                                                                                                                                                |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| •  | Global gold supplyand demand, which is influenced by such factors as forward selling bygold producers, purchases made by gold producers to unwind gold hedgepositions, central bank purchases and sales, and production and costlevels in major gold-producing countries such as South Africa, theUnited States and Australia; |

|              |                                                              |
|--------------|--------------------------------------------------------------|
| •  | Investors' expectationswith respect to the rate ofinflation; |

|              |                         |
|--------------|-------------------------|
| •  | Currency exchangerates; |

|              |                |
|--------------|----------------|
| •  | Interestrates; |

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|              |                                                                         |
|--------------|-------------------------------------------------------------------------|
| •  | Investmentand trading activities of hedge funds and commodity funds;and |

|              |                                                                           |
|--------------|---------------------------------------------------------------------------|
| •  | Global or regionalpolitical, economic or financial events and situations. |

Inaddition, investors should be aware that there is no assurance thatgold will maintain its long term value in terms of purchasing power inthe future. In the event that the price of gold declines, the Sponsorexpects the value of an investment in the Shares to declineproportionately.

The sale of gold by the Trust to pay expenseswill reduce the amount of gold represented by each share on an ongoingbasis irrespective of whether the trading price of the shares rises orfalls in response to changes in the price of gold.

Eachoutstanding Share will represent a proportional interest in the goldheld by the Trust. As the Trust will not generate any income and as theTrust will regularly sell gold over time to pay for its ongoingexpenses, the amount of gold represented by each Share will graduallydecline over time. This is true even if additional Shares are issued inexchange for additional deposits of gold into the Trust, as the amountof gold required to create Shares will proportionately reflect theamount of gold represented by the Shares outstanding at the time ofcreation. Assuming a constant gold price, the trading price of theShares is expected to gradually decline relative to the price of goldas the amount of gold represented by the Shares gradually declines. TheShares will only maintain their original price if the price of goldincreases.

Investors should be aware that the gradual decline inthe amount of gold represented by the Shares will occur regardless ofwhether the trading price of the Shares rises or falls in response tochanges in the price of gold.

Readers are urged to review theRisk Factors section contained in the Prospectus for a description ofother risks and uncertainties that may affect an investment in ourshares.

Item 3.    Quantitative and QualitativeDisclosures About Market Risk

Not applicable.

Item4.    Controls and Procedures

Disclosure controlsand procedures.    Under the supervision and with theparticipation of the sponsor, World Gold Trust Services, LLC, includingits chief executive officer and chief financial officer, we carried outan evaluation of the effectiveness of the design and operation of ourcompany's disclosure controls and procedures pursuant to Rule13a-14 of the Securities Exchange Act of 1934. Based upon thatevaluation, our chief executive officer and chief financial officerconcluded that our disclosure controls and procedures were effective asof the end of the period covered by this quarterly report.

Internal control over financial reporting.    There hasbeen no change in our internal control over financial reporting (asdefined in the Securities Exchange Act of 1934 Rules 13a-15(f) and15d-15(f)) that occurred during our most recent fiscal quarter that hasmaterially affected or is reasonably likely to materially affect, ourinternal control over financialreporting.

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PARTII - OTHER INFORMATION:

Item 1.    LegalProceedings

The Sponsor, the World Gold Council, the Trustand BNY, as Trustee of the Trust, have been named as defendants in acivil lawsuit filed by plaintiffs Gemini Diversified Holdings LLC andDan Ascani in the Supreme Court of the State of New York, County of NewYork, on November 6, 2003 (Index No. 119243/03). The complaint allegesbreach of contract and misappropriation of trade secrets under theTrade Secrets Act of the State of Georgia, and seeks compensatorydamages in excess of $450,000, preliminary and permanent injunctiverelief, costs and attorneys fees and other relief. The lawsuit is inits discovery phase. The Sponsor believes it has good defenses and,therefore, believes that the outcome of the litigation will not have amaterial adverse effect on the financial statements of the Trust. TheSponsor and the World Gold Council have agreed to indemnify theMarketing Agent and UBS Securities LLC, as Purchaser in the initialpublic offering of 2,300,000 Shares, against liabilities arising out ofthe complaint.

Item 2.    Unregistered Sales of EquitySecurities and Use of Proceeds

As of the date of theformation of the Trust on November 12, 2004, the NAV of the Trust,which represents the value of the gold deposited into the Trust, was$13,081,500, and the NAV per Share was $43.60. Since formation andthrough December 31, 2005, 931 Baskets (93,100,000 Shares) have beencreated, including 23 Baskets (2,300,000 Shares) issued in connectionwith the initial public offering of our Shares on November 18, 2004(Registration No. 333-105202). During the period from October 1, 2005and December 31, 2005, 181 Baskets (18,100,000 Shares) were created andthere were no redemptions. As of January 31, 2006, 107,800,000 Shareswere outstanding and the estimated NAV per Share as determined by theTrustee for January 31, 2006 was $56.60.

Item3.    Defaults Upon Senior Securities

None

Item 4.    Submission of Matters to a Vote of SecurityHolders

None

Item 5.    OtherInformation

None

Item 6.    Exhibits andReports on Form 8-K

|           |          |
|-----------|----------|
| (a)  | Exhibits |

|  |                |                                                                                                       |
|--|----------------|-------------------------------------------------------------------------------------------------------|
|  | **31.1**  | Certification by PrincipalExecutive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of2002. |

|  |                |                                                                                                       |
|--|----------------|-------------------------------------------------------------------------------------------------------|
|  | **31.2**  | Certification byPrincipal Financial Officer Pursuant to Section 302 of theSarbanes-Oxley Act of 2002. |

|  |                |                                                                                                                                                      |
|--|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | **32.1**  | Certification by PrincipalExecutive Officer Pursuant to 18 U.S.C. Section 1350, as AdoptedPursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |

|  |                |                                                                                                                                                      |
|--|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------|
|  | **32.2**  | Certification by PrincipalFinancial Officer Pursuant to 18 U.S.C. Section 1350, as AdoptedPursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |

|               |                                                                             |
|---------------|-----------------------------------------------------------------------------|
| **(b)**  | Reports on Form 8-K filed during thequarter for which this report is filed: |

None.

17

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,the registrant has duly caused this report to be signed on its behalfby the undersigned in the capacities* indicated thereunto dulyauthorized.

|  | WORLD GOLD TRUST SERVICES, LLCSponsor of the Equity Gold Trust                   (Registrant) |
|--|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

/s/J. StuartThomas

|  |
|--|
|  |  |  |
|  |

|  | J.Stuart Thomas Managing Director (principal executiveofficer) |
|--|----------------------------------------------------------------|

/s/ JamesLowe

|  |
|--|
|  |  |  |
|  |

|  | JamesLowe Chief Financial Officer and Treasurer (principalfinancial officer and principal accounting officer) |
|--|---------------------------------------------------------------------------------------------------------------|

Date: February 6, 2006

|         |                                                                                                                                                      |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------|
| *  | The Registrantis a trust and the persons are signing in their capacities as officersof World Gold Trust Services, LLC, the Sponsor of theRegistrant. |

18

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