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Statements of Operations (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUES        
Value of gold transferred to pay expenses $ 1,280,000 $ 1,737,000 $ 4,783,000 $ 5,234,000
Cost of gold transferred to pay expenses (1,303,000) (1,424,000) (4,293,000) (4,199,000)
(Loss) / gain on gold transferred to pay expenses (23,000) 313,000 490,000 1,035,000
(Loss) / gain on gold distributed for the redemption of Shares (1,316,000) 5,918,000 8,436,000 14,481,000
Unrealized gain / (loss) on investment in gold 132,675,000 0 (20,569,000) 0
Total gain / (loss) on gold 131,336,000 6,231,000 (11,643,000) 15,516,000
EXPENSES        
Sponsor’s Fee 1,300,748 1,802,987 4,559,244 5,304,047
Total expenses 1,301,000 1,803,000 4,559,000 5,304,000
Net gain / (loss) from operations $ 130,035,000 $ 4,428,000 $ (16,202,000) $ 10,212,000
Net gain / (loss) per Share (in Dollars per Share) $ 13.29 $ 0.40 $ (1.50) $ 0.92
Weighted average number of Shares (in Shares) 9,784,239 11,160,326 10,801,648 11,074,453