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Significant accounting policies (Tables)
 12 Months Ended
Sep. 30, 2013
Valuation of Gold

The table below summarizes the impact of unrealized gains on the Trust’s gold holdings as of September 30, 2013 and 2012:

 

                                     
(Amounts in 000’s of US$)    Sept 30,
2013		      Sept 30,
2012		  

Investment in gold – average cost

    $ 35,812,777       $
 50,726,261
   

Unrealized gain on investment in gold

      2,979,854         25,292,947   
  

 

 

     

 

 

  

Investment in gold – market value

    $ 38,792,631       $ 76,019,208   
  

 

 

     

 

 

  
Gold Receivable

Gold receivable, when recorded, represents the quantity of gold covered by contractually binding orders for the creation of shares where the gold has not yet been transferred to the Trust’s account. Generally, ownership of the gold is transferred within three days of trade date.

 

(Amounts in 000’s of US$)    Sept 30,
2013		    Sept 30,
2012

Gold receivable

    $0    $0
Gold Payable

Gold payable represents the quantity of gold covered by contractually binding orders for the redemption of shares where the gold has not yet been transferred out of the Trust’s account. Generally, ownership of the gold is transferred within three days of the trade date.

 

(Amounts in 000’s of US$)    Sept 30,
2013		    Sept 30,
2012

Gold payable

    $153,680    $602,591
Creations and Redemptions of Shares

Changes in the Shares for the years ended September 30, 2013, 2012 and 2011 are as follows:

 

(Amounts in 000’s)    Sept 30,
2013		     Sept 30,
2012		     Sept 30,
2011		  

Number of Redeemable Shares:

       

Opening balance

      437,900        406,800        429,200   

Creations

      51,100        84,700        115,600   

Redemptions

      (187,400 )      (53,600 )      (138,000 ) 
  

 

 

    

 

 

    

 

 

  

Closing balance

      301,600        437,900        406,800   
  

 

 

    

 

 

    

 

 

  

 

(Amounts in 000’s of US$ except for per share data)    Sept 30,
2013		     Sept 30,
2012		     Sept 30,
2011		  

Redeemable Shares:

       

Opening balance

    $ 75,389,813      $ 64,137,833      $ 54,809,779   

Creations

      7,734,465        13,956,415        17,521,097   

Redemptions

      (26,693,165 )      (8,456,437 )      (20,567,866 ) 

Adjustment to redemption value

      (17,807,576 )      5,752,002        12,374,823   
  

 

 

    

 

 

    

 

 

  

Closing balance

      38,623,537      $ 75,389,813      $ 64,137,833   
  

 

 

    

 

 

    

 

 

  

Redemption value per redeemable share at period end

    $ 128.06      $ 172.16      $ 157.66