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Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUES        
Value of gold transferred to pay expenses $ 1,670,000 $ 1,768,000 $ 3,503,000 $ 3,497,000
Cost of gold transferred to pay expenses (1,499,000) (1,416,000) (2,990,000) (2,775,000)
Gain on gold transferred to pay expenses 171,000 352,000 513,000 722,000
Gain on gold distributed for the redemption of Shares 6,644,000 3,363,000 9,752,000 8,563,000
Unrealized loss on investment in gold (153,244,000) 0 (153,244,000) 0
Total (loss) / gain on gold (146,429,000) 3,715,000 (142,979,000) 9,285,000
EXPENSES        
Sponsor’s Fee 1,446,581 1,722,879 3,258,496 3,501,060
Total expenses 1,447,000 1,723,000 3,259,000 3,501,000
Net (loss) / gain from operations $ (147,876,000) $ 1,992,000 $ (146,238,000) $ 5,784,000
Net (loss) / gain per Share (in Dollars per Share) $ (13.49) $ 0.18 $ (12.92) $ 0.52
Weighted average number of Shares (in Shares) 10,964,286 11,084,615 11,318,785 11,031,044