XML 36 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Significant accounting policies (Tables)
 3 Months Ended
Dec. 31, 2013
Valuation of Gold

The table below summarizes the impact of unrealized gains or losses on the Trust’s gold holdings as of December 31, 2013 and September 30, 2013:

 

(Amounts in 000’s of US$)    Dec-31,
2013		     Sep-30,
2013		  

Investment in gold - average cost

    $ 31,669,883      $ 35,812,777   

Unrealized (loss)/gain on investment in gold

      (603,341 )      2,979,854   
  

 

 

    

 

 

  

Investment in gold - market value

    $ 31,066,542      $ 38,792,631   
  

 

 

    

 

 

  
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 business days of the trade date.

 

(Amounts in 000’s of US$)    Dec-31,
2013		      Sep-30,
2013		  

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 business days of the trade date.

 

(Amounts in 000’s of US$)      Dec-31,  
2013		      Sep-30,
2013		  

Gold payable

    $ 231,752       $ 153,680   
Creations and Redemptions of Shares

Changes in the Shares for the three months ended December 31, 2013 and for the year ended September 30, 2013, are as follows:

 

(All amounts are in 000’s)    Three Months  Ended
Dec-31,
2013		     Year Ended
Sep-30,
2013		  

Number of Redeemable Shares:

     

Opening Balance

      301,600        437,900   

Creations

      6,800        51,100   

Redemptions

      (42,400 )      (187,400 ) 
  

 

 

    

 

 

  

Closing Balance

      266,000        301,600   
  

 

 

    

 

 

  

 

 

(Amounts in 000’s of US$ except per Share)    Three Months  Ended
Dec-31,
2013		     Year Ended
Sep-30,
2013		  

Redeemable Shares:

     

Opening Balance

    $ 38,623,537      $ 75,389,813   

Creations

      827,161        7,734,465   

Redemptions

      (5,147,245 )      (26,693,165 ) 

Adjustment to redemption value

      (3,481,408 )      (17,807,576 ) 
  

 

 

    

 

 

  

Closing Balance

    $ 30,822,045        38,623,537   
  

 

 

    

 

 

  

Redemption Value per Redeemable Share at Period End

    $ 115.87      $ 128.06