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GOLD AND SILVER BULLION (Tables)

6 Months Ended

Jun. 30, 2012

GOLD AND SILVER BULLION

Schedule of gold and silver holdings

		June 30, 2012						December 31, 2011
		Gold			Silver			Gold			Silver
		(dollars in thousands, except ounces and per ounce)
# of ounces		3,223			326,512			5,656			552,812
Average cost per ounce		$	1,278.63		$	27.08		$	1,278.63		$	28.18
Total cost		$	4,121		$	8,842		$	7,232		$	15,578
Fair value per ounce		$	1,598.50		$	27.08		$	1,574.50		$	28.18
Total fair value		$	5,152		$	8,842		$	8,905		$	15,578

Schedule of changes of gold and silver holdings

		Six Months Ended June 30,									Year Ended December 31,
		2012									2011
		Gold			Silver			Total			Gold			Silver			Total
Opening Balance		$	7,232		$	15,578		$	22,810		$	4,569		$	—		$	4,569
Purchases		—			—			—			7,387			23,912			31,299
Proceeds from sale		(4,026		)	(7,304		)	(11,330		)	(6,218		)	(5,521		)	(11,739		)
Gain on sale		915			927			1,842			1,494			581			2,075
Unrealized loss		—			(359		)	(359		)	—			(3,394		)	(3,394		)
Ending Balance		$	4,121		$	8,842		$	12,963		$	7,232		$	15,578		$	22,810

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Tabular disclosure of change in investment in physical commodities during the period.

+ References

No definition available.

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- Definition

Tabular disclosure of the investment holdings which are represented by other than securities (for example, commodities). The investment holdings, other than securities investments table lists the long positions of non-security investments held by entity.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 12

-Article 12



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 946

-SubTopic 320

-Section S99

-Paragraph 5

-Subparagraph (SX 210.12-13)

-URI http://asc.fasb.org/extlink&oid=6955306&loc=d3e611282-123010



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 13

-Article 12



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 12C

-Article 12

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