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Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2012
Valuation Of Gold [Table Text Block] The table below summarizes the unrealized gains or losses on the Trust’s gold holdings as of June 30, 2012 and December 31, 2011:

 

 

 

 

 

 

 

 

 

 

June 30, 2012

 

December 31, 2011

 

 

 

 

 

 

 

Investment in gold - average cost

 

$

1,450,117,976

 

$

1,376,845,277

 

Unrealized gain on investment in gold

 

 

313,313,360

 

 

301,078,135

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment in gold - market value

 

$

1,763,431,336

 

$

1,677,923,412

 

 

 

 

 

Schedule of Stock by Class [Table Text Block] Changes in the Shares for the six months ended June 30, 2012 and for the year ended December 31, 2011 are set out below:

 

 

 

 

 

 

 

 

 

 

Six Months
Ended
June 30, 2012

 

Year
Ended
December 31, 2011

 

 

 

 

 

 

 

Number of redeemable Shares

 

 

 

 

 

 

 

Opening balance

 

 

10,750,000

 

 

8,250,000

 

Creations

 

 

650,000

 

 

2,950,000

 

Redemptions

 

 

(250,000

)

 

(450,000

)

 

 

 

 

 

 

 

 

 

 

 

 

Closing balance

 

 

11,150,000

 

 

10,750,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Redeemable Shares

 

 

 

 

 

 

 

Opening balance

 

$

1,677,362,792

 

$

1,157,505,203

 

Creations

 

 

108,504,551

 

 

466,052,755

 

Redemptions

 

 

(41,020,342

)

 

(71,329,603

)

Adjustments to redemption value

 

 

18,019,604

 

 

125,134,437

 

 

 

 

 

 

 

 

 

 

 

 

 

Closing balance

 

$

1,762,866,605

 

$

1,677,362,792

 

 

 

 

 

 

 

 

 

 

 

 

 

Redemption value per Share at period end

 

$

158.10

 

$

156.03

 

Investments In Gold [Table Text Block] Changes in ounces of gold and the respective values for the six months ended June 30, 2012 and for the year ended December 31, 2011 are set out below:

 

 

 

 

 

 

 

 

 

 

Six Months
Ended
June 30, 2012

 

Year
Ended
December 31, 2011

 

 

 

 

 

 

 

Ounces of gold

 

 

 

 

 

 

 

Opening balance

 

 

1,065,686.5

 

 

821,051.2

 

Creations

 

 

64,366.6

 

 

292,915.5

 

Redemptions

 

 

(24,749.8

)

 

(44,662.3

)

Transfers of gold

 

 

(2,124.5

)

 

(3,617.9

)

 

 

 

 

 

 

 

 

 

 

 

 

Closing balance

 

 

1,103,178.8

 

 

1,065,686.5

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment in gold (lower of cost or market value)

 

 

 

 

 

 

 

Opening balance

 

$

1,376,845,277

 

$

971,070,331

 

Creations

 

 

108,504,553

 

 

466,052,746

 

Redemptions

 

 

(32,457,286

)

 

(55,843,669

)

Transfers of gold

 

 

(2,774,568

)

 

(4,434,131

)

 

 

 

 

 

 

 

 

 

 

 

 

Closing balance

 

$

1,450,117,976

 

$

1,376,845,277