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Investment in Gold
 12 Months Ended
Sep. 30, 2013
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, 2013, 2012 and 2011:

 

(Ounces of gold are in 000’s and value of gold is in 000’s of
US$)		      Sept 30,
2013		      Sept 30,
2012		      Sept 30,
2011		  

Ounces of Gold:

           

Opening balance

        42,803.6         39,928.9         41,813.1   

Creations (excluding gold receivable at September 30, 2013 – 0, at September 30, 2012 – 0 and at September 30, 2011 – 0)

        4,944.8         8,225.8         11,463.0   

Redemptions (excluding gold payable at September 30, 2013 – 115.9, at September 30, 2012 – 339.3 and at September 30, 2011 – 321.2)

        (18,348.0 )       (5,187.1 )       (13,192.2 ) 

Sales of gold

        (156.0 )       (164.0 )       (155.0 ) 
    

 

 

     

 

 

     

 

 

  

Closing balance

        29,244.4         42,803.6         39,928.9   
    

 

 

     

 

 

     

 

 

  

Investment in Gold (lower of cost or market):

           

Opening balance

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

Creations (excluding gold receivable at September 30, 2013 – $0, at September 30, 2012 – $0, and at September 30, 2011 – $0)

        7,734,465         13,956,415         17,776,506   

Redemptions (excluding gold payable at September 30, 2013 – $ 153,680, September 30, 2012 – $602,591, and at September 30, 2011 – $520,297)

        (22,459,232 )       (5,783,126 )       (12,628,298 ) 

Sales of gold

        (188,717 )       (183,724 )       (147,576 ) 
    

 

 

     

 

 

     

 

 

  

Closing balance

      $ 35,812,777       $ 50,726,261       $ 42,736,696