Significant Accounting Policies (Tables)

9 Months Ended

Jun. 30, 2014

The table below summarizes the impact of unrealized gains or losses on the Trust’s gold holdings as of June 30, 2014 and September 30, 2013:


(Amounts in 000’s of US$)	Jun-30, 2014		Sep-30, 2013
Investment in gold - average cost	$	31,104,442	$	35,812,777
Unrealized gain on investment in gold		2,084,895		2,979,854

Investment in gold - market value	$	33,189,337	$	38,792,631

Gold Receivable

Gold receivable 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$)	Jun-30, 2014		Sep-30, 2013
Gold receivable	$	240,490	$	—

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$)	Jun-30, 2014		Sep-30, 2013
Gold payable	$	—	$	153,680

Creations and Redemptions of Shares

Changes in the Shares for the nine months ended June 30, 2014 and for the year ended September 30, 2013, are as follows:


(All amounts are in 000’s)	Nine Months Ended Jun-30, 2014			Year Ended Sep-30, 2013
Number of redeemable shares:
Opening balance		301,600			437,900
Creations		35,300			51,100
Redemptions		(72,900	)		(187,400	)

Closing balance		264,000			301,600


(Amounts in 000’s of US$ except per Share)	Nine Months Ended Jun-30, 2014			Year Ended Sep-30, 2013
Redeemable Shares:
Opening balance	$	38,623,537		$	75,389,813
Creations		4,407,459			7,734,465
Redemptions		(8,950,053	)		(26,693,165	)
Adjustment to redemption value		(665,464	)		(17,807,576	)

Closing balance	$	33,415,479			38,623,537

Redemption value per redeemable share at period end	$	126.57		$	128.06