The following represents the changes in ounces of gold and the respective values for the years ended September 30, 2012, 2011 and 2010:


(Ounces of gold are in 000’s and value of gold is in 000’s of US$)	Sept 30, 2012			Sept 30, 2011			Sept 30, 2010
Ounces of Gold:
Opening balance		39,928.9			41,813.1			35,176.6
Creations (excluding gold receivable at September 30, 2012 – 0, at September 30, 2011 – 0 and at September 30, 2010 – 195.4)		8,225.8			11,463.0			11,001.2
Redemptions (excluding gold payable at September 30, 2012 – 339.3, at September 30, 2011 – 321.2 and at September 30, 2010 – 58.6)		(5,187.1	)		(13,192.2	)		(4,218.0	)
Sales of gold		(164.0	)		(155.0	)		(146.7	)

Closing balance		42,803.6			39,928.9			41,813.1


Investment in Gold (lower of cost or market):
Opening balance	$	42,736,696		$	37,736,064		$	28,463,669
Creations (excluding gold receivable at September 30, 2012 – $0, at September 30, 2011 – $0, and at September 30, 2010 – $255,409)		13,956,415			17,776,506			13,004,707
Redemptions (excluding gold payable at September 30, 2012 – $602,591, at September 30, 2011 – $520,297, and at September 30, 2010 – $76,622)		(5,783,126	)		(12,628,298	)		(3,607,548	)
Sales of gold		(183,724	)		(147,576	)		(124,764	)

Closing balance	$	50,726,261		$	42,736,696		$	37,736,064