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Investment in Gold
 9 Months Ended
Jun. 30, 2014
Investment in Gold

3.     Investment in Gold

The following represents the changes in ounces of gold and the respective values for the nine months ended June 30, 2014 and for the year ended September 30, 2013:

 

(Ounces of gold are in 000’s and value of gold is in 000’s of US$)    Nine Months  Ended
Jun-30,
2014		     Year Ended
Sep-30,
2013		  

Ounces of Gold:

     

Opening balance

      29,244.4        42,803.6   

Creations (excluding gold receivable at June 30, 2014 - 182.9 and at September 30, 2013 - 0)

      3,219.2        4,944.8   

Redemptions (excluding gold payable at June 30, 2014 - 0 and at September 30, 2013 - 115.9)

      (7,145.5 )      (18,348.0 ) 

Sales of gold

      (79.1 )      (156.0 ) 
  

 

 

    

 

 

  

Closing balance

      25,239.0        29,244.4   
  

 

 

    

 

 

  

Investment in Gold (lower of cost or market):

     

Opening balance

    $ 35,812,777      $ 50,726,261   

Creations (excluding gold receivable at June 30, 2014 - $240,490 and at September 30, 2013 - $0)

      4,166,969        7,734,465   

Redemptions (excluding gold payable at June 30, 2014 - $0 and at September 30, 2013 - $153,680)

      (8,778,258 )      (22,459,232 ) 

Sales of gold

      (97,046 )      (188,717 ) 

Unrealized loss on investment in Gold

      —          —     
  

 

 

    

 

 

  

Closing balance

    $ 31,104,442      $ 35,812,777