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Significant accounting policies (Tables)
 12 Months Ended
Sep. 30, 2015
Accounting Policies [Abstract]  
Schedule of Net Assets
An adjustment was recorded as of October 1, 2014 to reclassify the balance of Shares at redemption value to investors at September 30, 2014 into Net Assets as follows (all balances in 000’s):

 

(Amounts in 000’s of US$)    Balance at
September 30, 2014		      Transition
Adjustment		     ASU 2013-08
Balance at
October 1, 2014		  

Shares at redemption value to investors

    $ 30,096,869       $ (30,096,869 )    $ —  

Net Assets

      —        30,096,869        30,096,869   

 
Summary of Trust's Investments at Fair Value

The following table summarizes the Trust’s investments at fair value as of September 30, 2015:

 

(Amounts in 000’s of US$)    Level 1      Level 2      Level 3  

Investment in Gold

    $ 24,503,318       $ —       $ —   
  

 

 

     

 

 

     

 

 

  

Total

    $ 24,503,318       $ —       $ —   
  

 

 

     

 

 

     

 

 

  
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$)    Sep-30,
2015		      Sep-30,
2014		  

Gold receivable

    $ 117,353       $ 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$)    Sep-30,
2015		      Sep-30,
2014		  

Gold payable

    $ 0       $ 140,368   
Creations and Redemptions of Shares
Changes in the Shares for the years ended September 30, 2015, 2014 and 2013 are as follows:

 

(All amounts are in 000’s)    Year Ended
Sep-30, 2015		     Year Ended
Sep-30, 2014		     Year Ended
Sep-30, 2013		  

Activity in Number of Shares Issued and Outstanding:

       

Creations

      55,100        47,200        51,100   

Redemptions

      (81,700 )      (91,500 )      (187,400 ) 
  

 

 

    

 

 

    

 

 

  

Net increase/(decrease) Shares Issued and Outstanding

      (26,600 )      (44,300 )      (136,300 ) 
  

 

 

    

 

 

    

 

 

  
(Amounts in 000’s of US$)    Year Ended
Sep-30, 2015		     Year Ended
Sep-30, 2014		     Year Ended
Sep-30, 2013		  

Activity in Value of Shares Issued and Outstanding:

       

Creations

    $ 6,447,849      $ 5,893,107      $ 7,734,465   

Redemptions

      (9,247,346 )      (11,209,535 )      (26,693,165 ) 
  

 

 

    

 

 

    

 

 

  

Net increase/(decrease) Shares Issued and Outstanding

    $ (2,799,497 )    $ (5,316,428 )    $ (18,958,700 )