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Significant Accounting Policies (Tables)

6 Months Ended

Mar. 31, 2019

Summary of Trust's Investments at Fair Value

The following table summarizes the Trust’s investments at fair value:

(Amounts in 000’s of US$) March 31, 2019	Level 1		Level 2		Level 3
Investment in Gold	$	32,663,174	$	—	$	—
Total	$	32,663,174	$	—	$	—

(Amounts in 000’s of US$) September 30, 2018	Level 1		Level 2		Level 3
Investment in Gold	$	28,331,953	$	—	$	—
Total	$	28,331,953	$	—	$	—

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 two business days of the trade date.

(Amounts in 000’s of US$)		Mar-31, 2019				Sep-30, 2018
Gold receivable		$	—			$	—

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 two business days of the trade date.

(Amounts in 000’s of US$)		Mar-31, 2019				Sep-30, 2018
Gold payable		$	—			$	—

Creations and Redemptions of Shares

Activity in the number of Shares created and redeemed for the six months ended March 31, 2019 and March 31, 2018 are as follows:

	Six Months Ended Mar-31,			Six Months Ended Mar-31,
(All amounts are in 000’s)	2019			2018
Activity in Number of Shares Created and Redeemed:
Creations		50,500			32,200
Redemptions		(35,700	)		(37,900	)
Net Change in Number of Shares Created and Redeemed		14,800			(5,700	)

	Six Months Ended Mar-31,			Six Months Ended Mar-31,
(Amounts in 000’s of US$)	2019			2018
Activity in Value of Shares Created and Redeemed:
Creations	$	6,027,193		$	4,003,820
Redemptions		(4,324,677	)		(4,686,586	)
Net Change in Value of Shares Created and Redeemed	$	1,702,516		$	(682,766	)