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Condensed Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
REVENUES        
Value of gold transferred to pay expenses $ 1,767,947 $ 1,296,347 $ 3,496,953 $ 2,397,168
Cost of gold transferred to pay expenses (1,416,336) (1,052,200) (2,774,568) (1,998,403)
Gain on gold transferred to pay expenses 351,611 244,147 722,385 398,765
Gain on gold distributed for the redemption of Shares 3,363,421 0 8,563,054 1,434,889
Total gain on gold 3,715,032 244,147 9,285,439 1,833,654
EXPENSES        
Sponsor’s Fee 1,722,879 1,311,536 3,501,060 2,453,158
Total expenses 1,722,879 1,311,536 3,501,060 2,453,158
Net gain / (loss) from operations $ 1,992,153 $ (1,067,389) $ 5,784,379 $ (619,504)
Net gain / (loss) per Share (in Dollars per share) $ 0.18 $ (0.12) $ 0.52 $ (0.07)
Weighted average number of Shares (in Shares) 11,084,615 9,076,374 11,031,044 8,821,823