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Condensed Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
EXPENSES        
Sponsor’s Fee $ 835,812 $ 1,049,835 $ 2,633,333 $ 3,189,347
Total expenses 835,000 1,050,000 2,633,000 3,189,000
Net investment loss (835,000) (1,050,000) (2,633,000) (3,189,000)
REALIZED AND UNREALIZED GAINS / (LOSSES)        
Realized (loss) / gain on gold transferred to pay expenses (44,000) 78,000 (37,000) 204,000
Realized (loss) / gain on gold distributed for the redemption of Shares (1,233,000) 0 (1,862,000) 1,282,000
Change in unrealized (loss) / gain on investment in gold (42,100,000) (83,156,000) (64,518,000) 12,111,000
Total (loss) / gain on gold (43,377,000) (83,078,000) (66,417,000) 13,597,000
Change in net assets from operations $ (44,212,000) $ (84,128,000) $ (69,050,000) $ 10,408,000
Net (decrease) / increase in net assets per Share (in Dollars per share) $ (5.73) $ (9.78) $ (8.83) $ 1.20
Weighted average number of Shares (in Shares) 7,718,478 8,599,457 7,824,359 8,645,604