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Quarterly Statements of Operations

12 Months Ended

Sep. 30, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Statements of Operations

3 Quarterly Statements of Operations

Fiscal Period Ended September 30, 2015


(Amounts in 000’s of US$, except per share data)⁽¹⁾		Three Months Ended																Year to Sep-30, 2015
(Amounts in 000’s of US$, except per share data)⁽¹⁾		Dec-31, 2014				Mar-31, 2015				Jun-30, 2015				Sep-30, 2015				Year to Sep-30, 2015
EXPENSES
Custody fees			4,910				4,926				4,761				798				15,395
Trustee fees			504				493				499				88				1,584
Sponsor fees			10,928				9,811				11,156				22,065				53,960
Marketing agent fees			10,928				9,811				11,156				1,741				33,636
Other expenses			4,415				4,770				80				270				9,535

Total expenses			31,685				29,811				27,652				24,962				114,110

Fees reduced			(3,148	)			(948	)			—				—				(4,096	)

Net expenses			28,537				28,863				27,652				24,962				110,014

Net investment loss			(28,537	)			(28,863	)			(27,652	)			(24,962	)			(110,014	)

Net realized and change in unrealized gain/(loss) on investment in gold
Net realized gain/(loss) from investment in gold sold to pay expenses			(899	)			(815	)			(765	)			(2,691	)			(5,170	)
Net realized gain/(loss) from gold distributed for the redemption of shares			(106,862	)			(59,785	)			(65,606	)			(214,791	)			(447,044	)
Net change in unrealized appreciation/(depreciation) on investment in gold			(333,228	)			(395,204	)			(281,150	)			(1,113,392	)			(2,122,974	)
Net realized and change in unrealized gain/(loss) on investment in gold			(440,989	)			(455,804	)			(347,521	)			(1,330,874	)			(2,575,188	)

Net income/(loss)		$	(469,526	)		$	(484,667	)		$	(375,173	)		$	(1,355,836	)		$	(2,685,202	)

Net income/(loss) per share		$	(1.91	)		$	(1.94	)		$	(1.55	)		$	(5.91	)		$	(11.10	)

Weighted average number of shares			245,376				250,387				242,365				229,495				241,858

Fiscal Period Ended September 30, 2014


(Amounts in 000’s of US$ except for share and per share data)		Three Months Ended																Year to Sep-30, 2014
		Dec-31, 2013				Mar-31, 2014				Jun-30, 2014				Sep-30, 2014				Year to Sep-30, 2014
REVENUES
Proceeds from sales of gold to pay expenses		$	37,989			$	30,862			$	32,991			$	33,667			$	135,509
Cost of gold sold to pay expenses			(36,789	)			(28,838	)			(31,419	)			(32,161	)			(129,207	)

Gain on gold sold to pay expenses			1,200				2,024				1,572				1,506				6,302
Gain on gold distributed for the redemption of shares			135,907				90,573				98,995				48,847				374,322
Unrealized gain (loss) on investment in gold			(603,341	)			603,341				—				(477,254	)			(477,254	)

Total gain (loss)on gold			(466,234	)			695,938				100,567				(426,901	)			(96,630	)

EXPENSES
Custody fees			5,980				5,575				5,558				5,611				22,724
Trustee fees			504				493				499				504				2,000
Sponsor fees			13,245				12,316				12,230				12,367				50,158
Marketing agent fees			13,245				12,316				12,230				12,367				50,158
Other expenses			2,346				2,142				2,097				2,131				8,716

Total expenses			35,320				32,842				32,614				32,980				133,756

Net gain (loss) from operations		$	(501,554	)		$	663,096			$	67,953			$	(459,881	)		$	(230,386	)

Net gain per (loss) share		$	(1.76	)		$	2.48			$	0.26			$	(1.73	)		$	(0.85	)

Weighted average number of shares			285,051				267,259				263,349				265,182				270,245