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Investment in Gold
 12 Months Ended
Sep. 30, 2012
Investment in Gold

3    Investment in Gold

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